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Here’s how 2019 laid the ground for Actuarial Science ahead
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 …
Are you an IAI student looking for exemption from IFoA?
IFoA can grant exemptions from some of your exams if you have passed the Institute of Actuaries of India exams Students will have until 31 December 2022 to claim any …
Importance of Granularity in General Insurance
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 …
Latent claims: Claims which insurer not get to decide
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: Estimating Standard Errors in Chain Ladder Reserving
Understanding the Mack Method for Estimating Chain Ladder Uncertainty Thomas Mack, in his original paper, introduced a method to estimate the standard error associated with chain ladder estimates. This 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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