FUTURE TRACK to host Seminar on Actuarial Science, Themed "Challenges and Avenues"

FUTURE TRACK will host a seminar cum orientation on "ACTUARIAL SCIENCE: Challenges and Avenues" at its premises in Mumbai. 

This session is specially intended to give the students, deep and thorough understanding of the profession, its scope, avenues, and the secret of clearing Actuarial Exams. They will be discussing in length on what your life is going to be as an Actuary and the risk and returns aspect of taking up the Actuarial profession. Learn The Success Mantra for becoming an Actuary from experienced mentors of Future Track.

Special Invitees- College Students looking forward to start their career in Actuarial Science and those Students who have recently (successfully or unsuccessfully) appeared ACET. (Students may come along with parents or guardians).

Entry is free but to avail entry it is mandatory to fill the form by clicking here, REGISTRATION FORM or go to the link https://docs.google.com/forms/d/1ds6GEjtmBEDBVXZenZnWKMXQFtmtat-FY35jbZaWO9A/viewform.

Event Date : Sunday, 20th DECEMBER 2015.

Timings : 2.15pm to 3pm (Reporting Time : 2pm)

This orientation will be hosted by me and my colleague Mrs Tripti Goenka. She is excellent speaker, Graduate in Eco and Stats Honors with good Actuarial Background.

To know more about the seminar you may write me a mail on ravivyas@futuretrack.org or comment here.

IAI Declares ACET results

IAI has declared results for ACET exam held on 2nd and 3rd December 2015.

Passing percentage is roughly 34%.

You may check your result by clicking here- ACET RESULTS.

Crop Insurance, A blooming opportunity for Actuaries

Agriculture minister Radha Mohan Singh on Friday said the government would soon come out with a new crop insurance scheme in which farmers will have to pay lower premium and also remove anomalies in claim settlement.




Replying to a discussion on drought in Lok Sabha, the minister said the government will set up a committee to look into the revamp of minimum support price and promised to create a national market for agricultural produce by May 2017.



Singh said the NDA government would provide soil health card to every farmer by March 2017. On the drought situation in the country, he said reports coming from nine states mentioned that 207 districts were affected by drought.



"When the drought started, we had provided funds to the states. Because of the contingency plan that we had put in place, the impact on productivity has been less compared to what it should have been," Singh said.



The agriculture minister said nine states, including Maharashtra, Telangana, Odisha and Jharkhand, were affected but the government had put in place contingency plans which had limited its impact.
Source - TOI

WHY INDIA IS BIG OPPORTUNITY? 

1. Varying climate risks with the country 
2. Large Agriculture base that is dependent on Weather 
3. India is divided in 15 agro-climatic zone
4. Climate extremes exists in each climatic zone 
5. Different vulnerability to weather – Himalayan and sub-Himalayan region has low temp risks – Northern plains suffer from temperature variations and drought – Eastern and Southern region face floods and high humidity related risks.

Any good news about insurance is a good news for actuaries, after all there cant be crop insurance without actuaries.

IFoA results declared. What next?

Institute and faculty of Actuaries, UK declared results yesterday night. This results can be checked via this link - http://www.actuaries.org.uk/studying/exam-results.

I congratulate everyone those who have stood successful in their exam and wish them luck for further papers. Those who couldn't clear need not worry and focus on bettering their preparations. You may feel free to contact me to take decision on what will be ideal combinations of subjects now. Generally its good to clear CT1 and CT3 first then target CT5 and CT6 and at last CT4 and CT8. CT2, CT7 and CT9 can be targeted any time.

Results stats of September 2015 exam (encouraging..)
CT1 (Non Member) - 480/1214 = 39.5%
CT1 (Members) - 279/523 = 53.3%
CT2 - 428/656 = 65.2%
CT3 - 616/896 = 68.75%
CT4 - 481/932 = 51.6%
CT5 - 528/990 = 53.3%
CT6 - 594/1078 = 55.1%
CT7 - 404/571 = 70.7%
CT8 - 377/759 = 49.7%

Those who have recently cleared CT1 as non member has to be really quickly in seeking membership if not already secured. All the that you need to do is 

1. download the membership form ( using this link, you will find form at the bottom of the page -http://www.actuaries.org.uk/studying).

2. Fill up the form (should be typed, majorly except signatures)

3. Make payment via Bank Transfer or fill up the credit card details in the form. (Demand Draft can also be made, which can be sent be courier.) Membership fees is GBP 200.

4. If payment is via bank transfer or credit card you may email your filled forms on education.services@actuaries.org.uk. If you have made demand draft you may courier your form along with draft.

5. You will get a reply with 5 weeks. Be quick to send your forms. Get it done within 2 days.

6. Documents required is attested copy of 12th and all semester mark sheets of graduation along with CT1 non-member exam result. Any delay in sending of forms may not be entertained by institute.

This week is the right week, Today is the right day, NOW is the right time to start preparations for April 2016 challenge. Good Luck!

Thank You.