Program Highlighted | Actuarial Science
Interview with | Lloyd Aling
Date | March 2002

Introduction |

Actuarial Science is based upon the application of mathematical techniques to reduce the impact of such hazards as loss of income through death, disability, retirement, or loss of property through fire, accident, or theft. Actuaries are the chief architects of life, health, and property insurance plans, and pension plans, and bear the major responsibility for their financial soundness. By using concepts from the areas of probabilities and finance, actuaries model, forecast and value the costs of benefits that will be provided to the participants in such plans. Methods developed for modeling insurance risk can also be applied to modeling investment risk, and actuaries apply their expertise to the valuation of sophisticated investment vehicles such as options on equities, bonds and other investment derivative.

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Interview | Lloyd Aling

Lloyd is a fourth year, Innis College Actuarial Science specialist student. For the complete interview click here.

For furher information about the program in University of Toronto and beyond, click here.