what's the actuarial approach for financial risk management?

[hyc]

I studied actuarial exams for almost 1 year.
But I still do not understand what actuaries do in financial risk management or investment?
I think CFA or FRM can do better than actuary in the area of financial and investment.
So, why do actuary have to learn so many exams about finance and invesment??

[Arthur Kade]

[ElDucky]

Sorry, you need to study for one whole year to understand.

You're about 2 years too late on this conversation:

http://www.actuarialoutpost.com/actu...d.php?t=137087

[hyc]

The truth is I am writing my graduation dissertation about financial risk management now. I am majoring in risk management and insurance. Since I finished some actuarial exams, I want to write different topic which may distinguish me from my classmates. But when reviewing what I learnt about act sci, I can't find anything I can put in my thesis.

[JMO]

Here are some other threads that discuss actuarial roles in risk management.
http://www.actuarialoutpost.com/actu...ad.php?t=20036
http://www.actuarialoutpost.com/actu...d.php?t=125983
http://www.actuarialoutpost.com/actu...d.php?t=204936

[Arthur Kade]

Originally Posted by hyc

The truth is I am writing my graduation dissertation about financial risk management now. I am majoring in risk management and insurance. Since I finished some actuarial exams, I want to write different topic which may distinguish me from my classmates. But when reviewing what I learnt about act sci, I can't find anything I can put in my thesis.

If you are a graduate student in RMI and don't know what actuaries do in risk management (as well as the fact that actuaries don't take a lot of exams on investments), then you probably shouldn't graduate.

[JMO]

I wish you folks would cut the OP a little slack. I'm pretty sure English is not their first language.

[Vorian Atreides]

Here's my take:

"Pure actuarial science" is estimating future costs (either pricing or settling claims) so that appropriate actions can be taken today to address those expectations.

"Pure risk management" is estimating future potential financial results so that actions today can be taken to mitigate/avoid adverse results.

Hopefully, you can see that there is interplay between these two aspects that one cannot properly function without aspects of the other.

[JMO]