What do you do in Assurance and Acturial? Whats the difference?
- From Live Chat
- 20 replies
- 123 views
- Author: Sarah Q.
- Category: Role, Role description
- Date asked:
- Last update:
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Anonymous
Assurance is similar to audit
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SQSarah Q. Candidate
Ah okay! And actuarial?
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Anonymous
In the sense that you're giving clients assurance of what their financial statements say. Actuarial is to do with risk management. In actuarial there are 3 departments: Life insurance, general and pension. It's entirely based around insurance
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SQSarah Q. Candidate
Ah! Alright that makes sense!
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Anonymous
Whereas assuarance is more like checking different companies financial statements etc. I recommend actuarial!
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SQSarah Q. Candidate
How do you find the actuarial programme at EY? And what does a day in the role of an actuarial consultant looks like?
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Anonymous
It's pretty good. You get 42 study days a year. You get your exams and study material paid for. I spend a lot of time on excel
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SQSarah Q. Candidate
That sounds fantastic - did you come from the same background? Or did you study something else?
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Anonymous
Although there are all sorts of opportunities to code and do all that kind of stuff. I did economics and econometrics
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SQSarah Q. Candidate
Great! I come from a hospitality and tourism background - so my only worry is how I would adjust to that change!
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Anonymous
Do you have a maths A level?
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SQSarah Q. Candidate
When you start out on the actuarial program - they do give you training right?
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Anonymous
Yeah
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SQSarah Q. Candidate
I did maths - but not A levels. It was a different qualification as I completed it in Perth, Western Australia!
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Anonymous
At degree level?
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SQSarah Q. Candidate
The maths was more of a Year 12 level !
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Anonymous
You need the equivalent of a maths A-level to qualify as an actuary. You may need to check if you have the qualification before applying
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SQSarah Q. Candidate
Alright thanks Matt!
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Anonymous
Good luck
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SQSarah Q. Candidate
Thank you!
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