text: Actuarial science applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. Actuaries are professionals who are qualified in this field.\n\nActuarial science includes a number of interrelating disciplines, in particular the mathematics of probability and statistics. The science has gone through revolutionary changes during the last 25 years due to the proliferation of computers.\n\nIn the life insurance industry, traditional actuarial science focuses on the analysis of mortality and the production of life tables, and the application of compound interest.\n\nIn the pension industry, actuarial science deals with methods of prefunding for retirement and proper measurement of liabilities that won't come due for many years. This is especially true with respect to the Old Age Survivors and Disability Insurance program in the United States and C/QPP in Canada.\n\nIn the property insurance field which protects against losses like those caused by hurricanes as well as automobile accidents, actuarial science tries to forecast losses to homes and cars.\n\nMore info at: \n\nhttp://www.stat.sfu.ca/about/stat_brochure.pdf\n\nhttp://www.ucalendar.uwaterloo.ca/9596/MATH/act_sci.html\n\nhttp://www.ucalendar.uwaterloo.ca/MATH/act_sci.html\n\nhttp://www.actuary.com/actuarial-science/