CAO CODE : DN 230 The UCD BAFS (Hons) degree will prepare you for a professional career in the actuarial or financial professions, but it has also been designed to be broader and more diverse than most traditional programmes in actuarial science. It takes a combination of strong analytical skills, business knowledge and understanding of human behaviour to design and manage programmes that control risk and guarantee sufficient funds for the insurance and pension sectors. For example, the actuary works out the risk (e.g. the likelihood of an incident such as a fire happening) and calculates how much the customer should pay for insurance cover in order to ensure the insurance company has sufficient funds to pay out if the incident occurs.
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