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Saturday, 19 April 2008
India is Short of Actuaries
India has a 20-25% shortfall of actuaries. The shortage is the worst in the general and health insurance fields.
A qualified actuary with 10 years of experience can earn around Rs 85 lakh (USD214,000) p.a. in India.
According to the membership statistics of the Institute of Actuaries of India:
- Number of fellows: 217 (31/3/2007), 213 (31/3/2006)
- Number of fellows resident in India: 129 (31/3/2006)
- Number of fellows age <= 65: 137 (31/3/2006)
Assuming the same proportion of actuaries younger than age 66 resides in India, we estimate that there are around 83 fellows in active employment in India.
Source: Business Standard & Institute of Actuaries of India
Labels: Actuary
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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