Actuarial Science

What are Actuaries?

An Actuary is a person who has expertise in the fields of economics, statistics and mathematics and helps in assessing risks and estimation of premiums for insurance firms. Advanced techniques, statistical and analytical skills are needed for evaluating risks and returns related to every proposal. They have a vital role in the operations and profitability […]

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What is Actuarial Science?

Actuarial Science is a discipline which assesses financial risks in both finance and insurance streams with the help of many mathematical principles of probability and statistical methods. The professionals who take up such tasks are known as actuaries. Actuaries are instrumental in helping gauge future uncertainties and financial risks along with providing solutions for the […]

Hybrid Annuity Model

The Union Transport Ministry is planning to complete all the stalled highway projects under a new model called Hybrid Annuity Model. This model was proposed last year and is a mix of BOT (Built Operate Transfer) and EPC (Engineering, Procurement and Construction) model. Comparing the models Currently, there are three different models in India for […]

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