Is Actuarial Science a Science?

Speaker: Stuart Klugman, Society of Actuaries

Date & Time:

Thursday, April 7, 2016
5:30 PM - 6:30 PM

Location:

Owens Science Center (OWS 150), 3M Auditorium

Abstract: For over 25 years, actuary has been ranked among the top jobs. At St. Thomas, students can major in actuarial science, yet no actuary refers to him or herself as an actuarial scientist. In this talk, the work of the actuary in support of the management of financial security systems will be presented in the context of the many fields (e.g., statistics, economics, finance, and marketing) that inform actuarial problem solving. Through several examples that illustrate actuarial work, an attempt will be made to see how scientific it is.

Biographical Information: Stuart Klugman, PhD, FSA, CERA, is a Senior Staff Fellow in the education department of the Society of Actuaries (SOA), a position he has held since 2009. From 1974-2009, he was an actuarial science professor at the University of Iowa and Drake University. He is a co-author of the text Loss Models, used on actuarial Exam C and editor of two other exam texts. He served two terms on the SOA Board of Governors and is a two time recipient of the SOA Presidential Award.

Video of Stuart Klugman's talk can be seen here.

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