Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. It includes a number of interrelating subjects, including probability, mathematics, statistics, finance, economics, and computer programming. In insurance companies, actuaries usually create a rate at which the insurance company can cover an organization for those risks at a price that is reasonable for the customer.
About Actuarial Science
Actuarial science is similar to both mathematics and statistics. It is also related to finance, economics, and computer science.