What are Latent Claims? Latent Claims derive from the perils that were unforseen when the Insurer wrote the policy and is applied to claims that become known about some years …
Ultimate Net Loss
What is Ultimate Net Loss For Insurer, the loss is when a claim is received. However, that is not the only aspect to consider while calculation of loss reserves or …
How to prepare for an Actuarial Job?
The session ended and you are done with your graduation. Now you are looking for a job and thinking about taking next steps on the life ladder. Here we present …
Mack Method in Stochastic Reserving
Thomas Mack, In his original paper outlines a method to estimate the standard error of chain ladder estimates. The Method is now is generalised with the name of Mack Method. …
Speedy teen drivers drive up mortality rates
Even as Indian life insurers have recorded improvement in Indian assured lives’ mortality rates across age-groups and genders, the 13-20 years age bracket has bucked this trend. Mortality rates have …
The Actuarial Club is bigger than ever!
We are glad to announce that out 1500th member on Forums just signed up today! With these many registered users, we are not just refining the experience but redefining what …
IFoA confirms Tan Suee Chieh as next President-elect
The Institute and Faculty of Actuaries recently declared Tan Suee Chieh as the following President-elect. IFoA additionally declared that Tan Suee Chieh will take up his new position in June …
CM2 Excel Practice Workbooks with Solutions (CM2B)
Financial Engineering and Loss Reserving’(CM2) provides a grounding in the principles of actuarial modelling, focusing on stochastic asset-liability models and the valuation of financial derivatives. CM2B consist of a part …
Pricing in General Insurance: How it’s actually done
Pricing is one of the most essential components of an insurance company. It is the process by which an insurance company sets up the premium that needs to be charged …
To understand Cyber Insurance Pricing
There is an ever emerging risk of Cyber crimes and to get a hold onto them, companies are relentlessly looking to price Cyber Insurance. The insurance is not unpopular but …
Why Lighting is the Single Most Important Element of Design
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The use of Replace and ReplaceB function in Excel
This article describes the formula syntax and usage of the REPLACE and REPLACEB function in Excel. Description REPLACE replaces part of a text string, based on the number of characters …
The Importance of Paste Special in Actuaries
This may sound a little uncomfortable but being a student Actuary you must be aware of atleast this most basic function and recruiter or employer expect you to know Paste …
Milliman hires Heerak Basu as consulting actuary
Milliman announced the appointment of industry veteran Mr Heerak Basu as consulting actuary, based in Mumbai. Mr Basu is a fellow of the Institute and Faculty of Actuaries, a fellow …
Casualty Actuarial Society and Society of Actuaries Explore Combining into One New Organization
On 26th of September, the Presidents of the Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) jointly announced that the CAS and SOA Boards of Directors agreed to explore …