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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
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 …
Tomorrow’s insurance success stories will qualify the outputs of AI tools with good old-fashioned actuarial judgement, pricing in assumptions and instigating the appropriate checks and balances. This kind of actuary-machine combo will generate prices and products superior to those either one could muster