Actuary vs law - Hi, Im trying to understand the implication of AI on actuary vs law. Which one offers better prospects in long term? My daughter is interested in law but we arew actually weighing up both options. Is actuary niche area and only for insurance companies. My daughter is not interested in IT. Does actuary has anything to do with IT as well? If Law is the option which is good , like commercial or Intellectual property etc? In addition should we add a double degree like commerce to Law, my daughter is studying in Australia

Ans: Namaskar
As far as Law concern, Document review, summary of case history, data from caselets & various drafting gets automated. In this scenario the authenticity and accountability by human being will remains at higher status in fact get more weightage.
In case of actuary massive data processing, data calibration gets automated for precise and accurate result. Here also interpreting the data, outcome of solutions and compliance regulations required human being
Lets understand the huge panorama of Actuary. Its not just limited to insurance; its uses mathematics, statistics and complex financial models. So the application covers banking, mergers and acquisitions, forecasting and projections of health industry and its expenses, government policies in finance and economics .