I started Insurology two years ago and I had a plan to take it to level that every Actuary in the world ( or at-least in India!) should know about it but the time-frame was never decided because the thing, never really happened in here. The articles for sharing and gaining knowledge (more…)
We are glad we could make it to this point. The time has come to take a step ahead and fall within Actuarial Science. For those who are experienced, you’re sure welcome to share what you’ve learnt in your career and for those who have just started or looking for something, (more…)
Everyone, like everyone is confused about career especially consist of freshers or pre-fresher also. Those who have cleared 3 exams without job also and 6 exams without job are completely dependent on others for getting answer
“When I’ll get a job?, How I’ll get a job? and What should I do to (more…)
Last month was really an interesting month. The news were great for Actuary and our stats were also nice, many impressions, views, visits and many new users (Actuarial Students/ Actuaries) registered with us.
Well, the actual reason is, We started providing job details in our forums. While the forums were for discussion (more…)
Insurance companies will soon be required to have their new policies examined by a panel of actuaries before they hit the market. This will be in addition to an initial round of screening of the policies which is undertaken by the insurance regulator.
In a circular the Insurance Regulatory and Development Authority (more…)
Insurance companies that plan to introduce new products in India will soon need the approval of a panel of actuaries before they can sell them to the public.
The Insurance Regulatory and Development Authority of India (Irdai) said in a circular that the panel of actuaries to be employed by insurers should (more…)
Insurance regulator Irda has proposed changes in the 16-year old regulations regarding Appointed Actuaries by modifying framework for their appointment and functions.
“Based on the experience gained, since the last amendment effected in the year 2013, the Authority felt that there is a need to amend the IRDA (Appointed Actuary), Regulations, 2000,”
The new standards and guidance are due to take effect from 1 July 2017, and will replace outdated material including Guidance Notes and the current technical actuarial standards (TAS).
These new principles are intended to help actuaries determine what standards to apply to their work wherever they are in the world to (more…)
The U.S. Insurance industry is the world’s largest insurance market where 6,118 companies, employing 2.5 million people, have net annual premiums of $1.1 trillion. Yet, despite its size and overall financial health, the insurance industry is likely to experience profound change driven by a fast growing and ubiquitous force – The (more…)
We launched our Android app some time ago and and found out that yes, it is necessary to go appy! Thou, the downloads aren’t million just 500, but we don’t want only to keep expressing our views and make it a one sided journey.
What if we both get along with each another (more…)
The Summary is completely based on research paper by Martin Eling & Jan Hendrik Wirfs.
I read the paper so I summarized it and you’ll find examples with Youtube videos(wherever possible) so as to make sure the approaches they have used are understandable to everyone. The paper contains total of 24 pages which you (more…)
The infrastructure, the users, and the services offered on computer networks today are all subject to a wide variety of risks posed by threats that include distributed denial of service attacks, intrusions of various kinds, eavesdropping, hacking, phishing, worms, viruses, spams, etc. In order to counter the risk posed by these threats, (more…)
Disclaimer: Taken from a brilliant blog post.
One of the most glaring and surprising consistencies I’ve seen among entry level actuarial candidates, even some with actuarial degrees, is that they generally have no clue what actuaries do and have an even worse understanding of the business of insurance. If you’re able to speak confidently (more…)