In statistical and actuarial sciences, you collect, analyze and model data through mathematical and computing systems. An actuary is a qualified expert in the design and operation of insurance and pension programs, and is trained in the assessment of risk.
Actuaries apply mathematical and statistical techniques to a wide range of financial problems.
In Canada, an actuary is defined by law as a Fellow of the Canadian Institute of Actuaries . The Fellowship designation is granted after three years of practical experience and successful completion of a set of professional examinations. Western will provide you with courses and programs that prepare you to write most of the associateship examinations. In statistics and actuarial science you will be encouraged to take a variety of options, including courses in business, computing and economics. A statistician is an expert in the collection, analysis and interpretation of data using probability models.