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1) "Actuarial" -- As to actuarial programs ac·tu·ar·i·al Pronunciation: "ak-ch&-'wer-E-&l, -'wer-rE-, -sh&- Function: adjective 1 : of or relating to actuaries 2 : relating to statistical calculation especially of life expectancy - ac·tu·ar·i·al·ly /-E-&-lE/ adverb Pronunciation Symbols 2003 US mortality (life) table, Table 1, Page 1 Actuarial science applies mathematical and statistical methods to finance and insurance, particularly to risk assessment. Actuaries are professionals who are qualified in this field through highly competitive examinations and experience. Actuarial science includes a number of interrelating disciplines, including probability and statistics, finance, and economics. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the synergy of stochastic actuarial models with modern financial theory (Frees 1990). Many universities have undergraduate and graduate degree programs in actuarial science. In 2002, a Wall Street Journal survey on the best jobs in the United States listed “actuary” as the second best job, while in previous editions of the list, actuaries had been the top rated job (Lee 2002). - 1 Life insurance, pensions and healthcare
- 2 Actuarial science applied to other forms of insurance
- 3 Development
- 3.1 Pre-formalization
- 3.2 Initial development
- 3.3 Early actuaries
- 3.4 Effects of technology
- 3.5 Actuarial science and modern financial economics
- 3.6 Actuaries outside insurance
- 4 See also
- 5 References
- 5.1 Works Cited
- 5.2 Bibliography
| Actuarial science became a formal mathematical discipline in the late 17th century with the increased demand for long-term insurance coverages such as Burial, Life insurance, and Annuities. These long term coverages required that money be set aside to pay future benefits, such as annuity and de..."
2) "Programs" -- As to actuarial programs 1pro·gram Pronunciation: 'prO-"gram, -gr&m Function: noun Etymology: French programme agenda, public notice, from Greek programma, from prographein to write before, from pro- before + graphein to write -- more at CARVE 1 [Late Latin programma, from Greek] : a public notice 2 a : a brief usually printed outline of the order to be followed, of the features to be presented, and the persons participating (as in a public performance) b : the performance of a program; especially : a performance broadcast on radio or television 3 : a plan or system under which action may be taken toward a goal 4 : CURRICULUM 5 : PROSPECTUS, SYLLABUS 6 a : a plan for the programming of a mechanism (as a computer) b : a sequence of coded instructions that can be inserted into a mechanism (as a computer) c : a sequence of coded instructions (as genes or behavioral responses) that is part of an organism Pronunciation Symbols Program or Programme may refer to: - Computer program
- Radio programming
- Short Program in figure skating
- Television program
- Webcast
- Program (management)
- 12-step program
- Program (The Animatrix), a short film in The Animatrix series
- Event programme
- British tabloid form of comic book, called "prog" in short.
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