Actuarial Science is a study of mathematics, statistics, and economics to assess financial risks in the insurance and finance fields. Actuarial science applies the mathematics of probability and statistics to define, analyze and solve the financial problems of uncertain future events.
Actuary is a professional degree for someone who has passed the examination. Actuary degree are issued by professional organizations such as SOA (the Society of Actuaries) and CAS (the Casualty Actuarial Society). In Indonesia actuary degree is issued by Persatuan Aktuaris Indonesia (PAI). There are two levels for actuaries in Indonesia, these are ASAI and FSAI.
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