Over the journey of being an actuary, have you ever felt that the more you learnt, the less about the world you know? Have you ever met people who you thought were actually not that smart [醒目], but were not smart enough to know that …
Back in World War 2 [第二次世界大戰], the military [軍隊] wanted to see how their war planes [戰機] could be made stronger. They analysed all the planes which returned from missions [任務] and saw that all the bullet holes [子彈窿] were on the bodies of the …
Apophenia [關連感應]. Not a word that you use every day. However, it is definitely something that you will understand and recognise in your life. Have you ever looked at cars and thought they were smiling or frowning at you [對著你笑嘅車]? Or have you sometimes looked …
I hope you guys are not hungry [肚餓] when you read this, because this blog has a bit to do with food. Have you guys ever thought about how you can compare the purchasing ability [購買能力] of people across countries? In other words, if I …
Economics [經濟學] is a funny subject. They have a lot of theories which make a lot of sense (especially for logical thinkers like us actuaries). For example, when the price of something increases (lets say a movie ticket), you generally would spend less on it. …
This week is about hedging in the insurance industry. However, since the topic is quite technical, I’ve asked for the help of @actuariallyme with this. Thank you! There are many risks that an insurer needs to hedge, such as interest rate risk, underwriting risk, equity …
I know its not a Saturday today, but since a lot of people have recently received bonuses [花紅], I’m getting a lot of questions about whether you should change jobs [轉工]. Given the urgency, I think it’s a good time to just tell you about …
Its been a bit over a year since the WHO [世衛] declared covid-19 [新冠肺炎] a pandemic [大流行病]. Lets explore the impacts on General Insurance [非人壽保險]. As this topic is very international, I’ve asked for the input of @inspiring_actuaries with this post. Do check her page …
The topic today wraps a few blogs together into something that most of you won’t even think about for maybe 20 – 30 years. That is pensions [退休金]! Pensions can be broadly split into Defined Contribution [定額供款] (DC) and Defined Benefits [設定利益] (DB) – and …
I recently did a presentation to aspiring actuaries in Hong Kong. They asked questions about what I did on a day-to-day basis [每日嘅工作]. So instead of theory this week, let me give you a glimpse of that. A typical day starts with me traveling 45 …
Recently I spoke to a friend who told me her sales department [銷售部門] employees do not get paid any commission [佣金]. This is very uncommon and the apparent reason was that the company does not want to stress the employees too much that they would …
Firstly, I would like to thank all of you for DMing [直接訊息] me questions. I might not be able to answer questions that are personal to you, but I always think it helps to discuss your concerns [顧慮] or thoughts [想法] out to someone as …
As a quick follow up last week’s post, perhaps even a contradiction [矛盾] in some ways, I would like to add that coding is very important to an actuary’s skillset. You might think that you can leave coding to programmers [程序員], but actually that would …
Annuities [年金] are something which the Hong Kong government [香港政府] would like everyone to purchase. To understand why the government would want us to buy this, lets take a look at what they are. To put it very simply, annuities are a way for people …