" We should all be actuaries "
It is that there are no boundaries with respect to
family back grounds, race or the state of the Attic to all individuals. This is what Actuarial Science means, the
bringing together of the minds and coalescing them in the harmonious state to
form one individual ‘The Mastermind’ as called by “Napoleon Hill.”
Actuarial Science involves the use of mathematical
knowledge and statistics to counter the uncertainties in the financial firms,
pension funds and insurance companies. It involves keen observation in the
trend of currency depreciation/ appreciation, financial markets, economic
growth and, out of the observations, deriving the most probable outcomes that
are likely to occur in the future, together with a keen analysis of risks
associated with those outcomes and provide alternatives in which risks are
broadly controlled or annulled completely. For a keen actuary, all risks are
like his or her workforces.
Then we know that Actuarial Science is about
bringing the future in the present, and walking along the self-pre-ordained
paths.
Extrapolating this to any field of endeavor, say,
Agriculture, bringing the minds together, discussing and analyzing the risks,
projecting the base lines, seeing what products are in demand or in short
supply, the infrastructure, and the executing of the plan.
Imagine what impact this coming together will have
in the country. Speaking of unemployment? We don’t wait for jobs to be
available, we create jobs. Speaking of the growth of the economy? Speaking of
improving infrastructures? Is it Educational system? Or is it increased
production in the working areas?
We should all be actuaries, using that small that we
have to create those big things that we have not.
Written by :-
Jeneral Kabunduguru
jeneralkabunduguru@hotmail.com
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