Discuss the importance and main features of Acturial Science.
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Actuarial science uses probability and statistical mathematics to define, analyse, and solve the financial implications of uncertain future events. Traditional actuarial science generally revolves around mortality analysis and life table growth, and the application of compound interest
Actuarial science assesses financial risks in the insurance and finance fields, using mathematical and statistical methods. Actuarial science applies probability analysis and statistics to define, analyze, and solve the financial impact of uncertain future events.
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