Picture of What do you do in Assurance and Acturial? Whats the difference?

What do you do in Assurance and Acturial? Whats the difference?

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Sarah Anne Q. asked during the live chat EY Graduate & Undergraduate programmes-Actuarial, Consulting and Transactions to EY

Category: General

Date asked: Tuesday, October 16, 2018

Last reviewed: Tuesday, October 16, 2018

Matt D.

actuarial consultant

Assurance is similar to audit

Tuesday, October 16, 2018

Sarah Anne Q.

Ah okay! And actuarial?

Tuesday, October 16, 2018

Matt D.

actuarial consultant

In the sense that you're giving clients assurance of what their financial statements say. Actuarial is to do with risk management. In actuarial there are 3 departments: Life insurance, general and pension. It's entirely based around insurance

Tuesday, October 16, 2018

Sarah Anne Q.

Ah! Alright that makes sense!

Tuesday, October 16, 2018

Matt D.

actuarial consultant

Whereas assuarance is more like checking different companies financial statements etc. I recommend actuarial!

Tuesday, October 16, 2018

Sarah Anne Q.

How do you find the actuarial programme at EY? And what does a day in the role of an actuarial consultant looks like?

Tuesday, October 16, 2018

Matt D.

actuarial consultant

It's pretty good. You get 42 study days a year. You get your exams and study material paid for. I spend a lot of time on excel

Tuesday, October 16, 2018

Sarah Anne Q.

That sounds fantastic - did you come from the same background? Or did you study something else?

Tuesday, October 16, 2018

Matt D.

actuarial consultant

Although there are all sorts of opportunities to code and do all that kind of stuff. I did economics and econometrics

Tuesday, October 16, 2018

Sarah Anne Q.

Great! I come from a hospitality and tourism background - so my only worry is how I would adjust to that change!

Tuesday, October 16, 2018

Matt D.

actuarial consultant

Do you have a maths A level?

Tuesday, October 16, 2018

Sarah Anne Q.

When you start out on the actuarial program - they do give you training right?

Tuesday, October 16, 2018

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