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Insurance

Actuarial

An Actuary is an essential component of an insurance company. An Actuary calculates the probability of future risk using mathematics and statistics to study past events. Unlike an Underwriter, the Actuary isn’t determining the potential cost of a customer’s policy based on their risk factors, but providing the Underwriter with the data to determine the potential cost to the insurer. Several Universities in Ireland offer Actuarial Degree courses; however, you do not necessarily have to complete an Actuarial Degree to become an Actuary. Most employers will look at a broad range of numerical based qualifications including Maths, Statistics, Engineering, Physics. A Trainee Actuary will also have to sit professional exams which can take between 3 – 6 years to complete, however most employers will provide support for this.

An Actuarial career is both distinguished and rewarding, with salaries reaching beyond €200,000 for an experienced Senior Actuary. A Trainee or Part Qualified Actuary can look for a salary between €30,000 - €50,000 with the potential to increase quickly as they gain more experience.

Galway

Galway is the capital of the West of Ireland. With a population of 75,414, it is the third largest and the fastest-growing city in the Republic of Ireland. Ranked as one of the 25 top destinations to visit in Europe by Trip Advisor, and only one of two Irish cities to feature in the list, Galway has simply got it all. It is renowned for its vibrant lifestyle and numerous festivals, celebrations and events.  A few of the big attractions include The Cúirt International Festival of Literature, the Galway Arts Festival, the Galway Races and the Oyster Festival they are famous throughout Ireland and beyond. Theatre lovers are particularly blessed with a number of superb theatre companies based in the city, including the world-renowned Druid Theatre Company. The state-of-the-art Town Hall Theatre was opened in 1993 and covers all aspects of the performing arts including concerts, ballet, musicals, and operas.

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