The IFoA recently moved from centre-based examinations to online delivery in April during unprecedented global circumstances.As per the IFoA, this move to online examinations was successful, with over 10,000 exams sat and candidates reporting high levels of satisfaction via their April 2020 Post-Examinations survey. IFoA …
During the coronavirus pandemic, the Continuous Mortality Investigation (CMI) is publishing weekly UK mortality analysis through its mortality monitor
The article focusses on using the skills you have gained so far or on learning new skills like Excel, Python, R, Data Visualisation and applying these skills to projects to become tomorrow’s Actuary.
The one of the best GitHub repo we found on coronavirus is data from John Hopkins University CSSE. Use the provided link to set up your own analysis on COVID-19
David A. Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA) issued the following statement: “The property casualty industry is an essential stabilizing force in America. We have always been a part of solving some of the greatest challenges facing America, especially during …
COVID-19 content from trusted sources such as the U.S. Centers for Disease Control and Prevention, the World Health Organization, and the UK’s National Health Service.
The IFoA is currently putting in place measures to ensure, continue to deliver the best possible examination experience throughout this period of Coronavirus (COVID-19) outbreak
From the pen of Mayank Goyal, covering the 2019 events in Actuaries which ends out to be a complicated yet helpful year for Actuarial community. Change of the curriculum The biggest deal where everyone thought everything would change, IFoA handled it promptly taking care of all the things …
IFoA can grant exemptions from some of your exams if you have passed Institute of Actuaries of India exams Students will have until 31 December 2023 to claim any exemptions from the IFoA for passes achieved from the IAI examinations as per the guidelines below. …
The first question occur to mind what is granualarity and how is it that important for a General Insurance business? Breaking down Granularity Granularity is subdivision. If the business is subdivided by class, currency, territory, major risk groups within a class and such other subdivisions, …
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 after the casue of loss. A latent claim is a claim that arises from a risk not anticipated by …
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 generally analyzing the data. The Ultimate Net loss is the loss retained with the company …
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 some of the points you should consider to prepare yourself for an actuarial job or …
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. SP7 (formerly ST7) contains an introduction on stochastic reserving where Mack model estimates the standard …
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 risen by nearly 5% as per Indian Assured Lives Mortality table 12-14 published by the …