Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and statistical methods. ... Traditional actuarial science largely revolves around the analysis of mortality and the production of life tables, and the application of compound interest.

Is actuarial science actually science?

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries and professions. ... Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science.

Does actuarial science count as STEM?

You probably know that STEM (science, technology, engineering and math) majors tend to be the most lucrative. But did you know what major tops the heap? It's actuarial science, according to a new Bankrate report.