Jack Rusteberg, age 4, announced yesterday, he wants to be an actuary when he grows up.
“That’s great!” said his grandfather. We could use another actuary around here! Risk Managers will be gifting Jack a special calculator for Christmas.”
“We will also provide tuition free post graduate course studies once he reports for work in 2037.” added Molly Mulebriar.
INTERESTING FACTOIDS:
In 1889 the total actuarial population in North America was between 80 and 100 people
Nearly 4,000 years ago, in 1750 B.C., the Code of Hammurabi in ancient Babylon reflected early attempts to quantify risk and compensation for losses.
In the early 20th century, actuarial science began to be used in other industries, such as banking and investments. Actuaries developed models to assess the risk associated with different types of investments and to calculate the expected return on those investments.
William Morgan was a British physician, physicist and statistician, who is considered the father of modern actuarial science.
