The Actuarial Profession: Historical Development, Basic Sciences, and Principles

Review of the historical development of the actuarial profession from its inception to the present.

Explain the principles and scientific concepts and ideas that underpin the actuarial studies.

Differences between the principles and the rules of practice of the actuarial profession.

Basic concepts and ideas underlying the actuarial studies – Statistics, Probability, Demography, Mathematics, Economics, etc.

Explain the standards and rules of practice of the actuarial profession depending on its development.