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 …
Father of Life Insurance – Elizur Wright
Right from the day all of us started studying the life insurance domain in the actuarial industry, we have all been fed the concept of actuarial reserving which forms the …
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 …
IAI’s Health Insurance – Product Design and Pricing Training: Hits & Misses
Recently, Institute of Actuaries of India (IAI) conducted its first ever classroom training program on Health Insurance industry by the name of “Health Insurance – Product Design and Pricing Training”. …
Artificial Intelligence “And” Insurance
AND is a significant word here. I’m really not talking about the ‘In Insurance’. If it is “in” we already have Lemonade, you know Lemonade, right? No? okay, here is …
Insurers may soon need an actuary’s nod to sell new products
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 …
Irda seeks to amend 16-year old Appointed Actuary regulations
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 …
The Internet of Things and Actuarial Engineering
Should property-casualty actuarial science be considered an engineering specialty whether Actuarial Engineering is possible? Thanks to the Internet of Things (IoT) revolution, there are compelling reasons to consider aligning ourselves …
5 Ways The IoT Will Transform The Insurance Industry
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 …
Launching Actuarial Blogs and Forums IoS/iphone App via Tapatalk
Hi! 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 …
Insights: Modelling and Management of Cyber Risk
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 …
How can Actuaries be Thought Leaders on Cyber Liability?
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 …
[Submitted] Actuaries and Data Scientists – Match Made In Heaven or Hell?
In our previous article titled “What is the reality of the Chief Data Officer role within the insurance sector?”, we were joined by leading Chief Data Officers and Chief Analytics …
Brexit: The Impact on Actuarial and Insurance Market
A brief intro of Brexit- British withdrawal from the European Union, often shortened to Brexit (a portmanteau of “British” or “Britain” and “exit”), is a political goal that was pursued by various …