Risk management is an integral part of the actuarial profession. So actuarial students need to understand the process of risk management. In this article, I will explain the risk management …
TAC brings new Actuarial Events, Connect and Videos, all for free!
Let’s forget about 2020, Shall we? We didn’t also wish you New Year as we were busy in our work to make TAC a better place. We are hopeful to …
Lists in Python
Usually, while storing the data in a variable we store a single value, for example, x = 5. With the help of Lists in Python, we can store multiple values …
Should you take non-actuarial roles at the start of your actuarial career? – Part 2
In Part 1 of this article, I talked about how to find a non-actuarial role, its advantages and disadvantages. In this article, I would be sharing the ideal timing to …
COVID-19 Actuaries Response Group Mid December Update
The COVID-19 Actuaries Response Group provides you with a regular Friday update with a curated list of the key papers and articles that they have looked at recently. Follow them …
EY, Milliman and WTW in the race for being appointed as the actuarial firm for LIC
New Delhi: EY Actuarial Services, Milliman Advisors and Willis Towers Watson actuarial advisory are in the race for being appointed as the actuarial firm for the process of public listing of Life Insurance Corporation …
Should you take non-actuarial roles at the start of your actuarial career? – Part 1
Indian Actuarial market has a remarkably high supply of young actuarial professionals, but the same can’t be said for it’s demand. Even after trying for many months, many freshers do not get an actuarial role for which they have studied day and night.
Money Market
The section of financial market, where instruments that have a short term and are highly liquid are traded is called Money Market. It has generally a maturity period of less …
Milliman to begin operating in Sri Lanka, acquires Spark Actuarial consulting firm
SEATTLE, Nov. 2, 2020 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came …
Basic Necessity of Enterpise Risk Management (ERM)
“All of life is the management of risk, not its elimination” -Warren Buffet As risk is an indispensable part of any business undertaking, it transpires that risk management is also …
Defining Microinsurance | An untapped market
IRDA micro-insurance Regulations, 2005 defines microinsurance as a general or life insurance policy with a sum assured of Rs 50,000 or less. In other words, micro-insurance aims to provide financial …
TELEMATICS IN INSURANCE
Telematics is the combination of words, “telecommunications” & “informatics” . When this term is used in Insurance, it is called “Telematics Insurance”. Telematics in insurance works by fitting your car with …
Climate Change: An Actuarial Perspective (Part 2)
This is continuation of the climate change: An Actuarial Perspective article. To read the first part kindly click on the link. In this article, we will get to know about …
Climate change: An Actuarial Perspective
Climate change is the global phenomenon of climate transformation resulting in large scale implications in our weather pattern. Melting of glaciers, rise in sea level, insect outbreaks, wildfires, experiencing monsoons …
Group of Actuaries and Investment Officers to study index-linked products in India
The group will examine the need for index-linked products in India with reference to availability of various indexes and how it will better serve the needs and interests of customers relative to traditional savings products.