Actuarial Science Resources : The University of Akron, Ohio

Analysis of modern industrial society
Economic Theory and its relation to economic reality, including formulation of economic policy
Value of money, annuities, loans, bonds, cash flows, and immunization, and interest rate swaps
Credibility procedures and fundamental principles of pricing in short-term insurance coverage
Accounting principles including accounting for revenues, expenses, assets, liabilities, equity, accounting standards, and financial statements
Major decision areas of financial managers such as capital budgeting, financing, and working capital management
Risk management and legal concepts of insurance contracts, personal insurance, and commercial property as well as casualty insurance policies

Job	What They Do
Insurance Actuarial Analyst	Design and price insurance policies, taking into account a complex set of factors. Statistics, calculus, probability, and exceptional analytical skills are must-haves for this career.
Actuarial Consultant	Provide consulting services to companies such as insurers, banks, government regulators, etc. to manage risks and evaluate plans using sound business judgement and the ability to summarize and communicate complex technical information to non-specialists.
Business Analyst	Improve business processes by serving as a liaison between business and IT with a clear directive to focus on advancing strategic business objectives.
Investment Analyst	Help traders, fund managers, and stockbrokers make sound investment decisions by utilizing a deep understanding of economic trends and interpretations of financial data.
Underwriter	Determines whether or not to accept applications for insurance coverage by considering the risks involved in protecting the policyholder based on a variety of factors. Carry out risk assessments by preparing insurance policies and collecting and analyzing statistical data.

Find more possibilities from the BeAnActuary.org!

For all incoming students: Plan on taking STAT:471 - Intro to Actuarial Science in spring of your first year. You will need Calculus I and don't need to have STAT:461 - Applied Statistics completed.
STAT:472 - Actuarial Models is offered in Spring of odd years (next offered in Spring 2023). A good understanding on materials from STAT:451 - Theoretical Statistics I is vital for this course. If you need STAT:472 - Actuarial Models in a semester that it is not offered, contact Dr. Nao Mimoto.
STAT: 477 - Time Series is offered in Spring of even years (next offered in Spring 2024).
Internships are an incredibly valuable asset to you education. Begin looking in September-October for summer internships.

General Education Requirements
Statistics Core
- Analytic Geometry-Calculus I, II, and III, Programming for Data Science/Computer Science I, Theoretical Statistics I and II, Applied Statistics/Introductory Statistics I & II, Applied Regression and ANOVA, Statistical Data Management, Statistical Consulting
Actuarial Science Requirements
- Introduction to Economic Analysis or Principles of Microeconomic/Macroeconomics, Introduction to Actuarial Science, Actuarial Models, Time Series Analysis, Accounting Principles I, Principles of Finance, Investments or Risk Management: Property and Casualty and Risk Management: Life and Health Insurance
Statistics Electives
Stat-AS Requirements Flow Chart

Valmark Securities	Charles-Schwab
Continental (Veyance)	Crum Foster

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Dr. Nao Mimoto - Undergraduate Advisor - CAS413 nmimoto@uakron.edu