How convexity and duration are used to solve real business problems. But before moving to that let’s first understand what convexity and duration actually is! Duration (or modified duration) is …
Is IAI really NOT a part of International Actuarial Association (IAA) or its just a myth?
This post is by Mathematicacity. The link to the website is given below. https://mathematicacity.co.in Meaning of Reinsurance: Reinsurance is the insurance taken by the insurance companies itself. The reinsurance is …
As the new curriculum 2019 has been released, there are major debates over the changes in the structure of both the Actuarial Societies (IFOA vs IAI). There were many students …
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Clearing CB1 (formerly CT2) is not as hard as it looks. Business Finance provides the theory and application of corporate finance as well as the main elements of companies’ financial …
SLOPE’s user-friendly interface attracts Principal and Chief Data Scientist from the Actuarial & Analytics Consortium to choose the platform as her consulting firm’s official modeling software.
The International Accounting Standards Board (IASB) published IFRS 17 on 18 May, which is designed to achieve the goal of a consistent, principle-based accounting for insurance contracts. The new Standard …
Father of Actuarial Science: William Morgan. We who call ourselves actuaries owe so much to this legend William Morgan who was born in 25th May 1750 in Bridgend, Wales. William …
A new graduation course has just been launched by University of Mumbai which is very promising for an Actuarial student! Mumbai University has a course for Actuaries and Finance enthusiasts, …
Data Science, isn’t that something we hear now in our daily life and personally do not understand where we can use it to accelerate our work. The work of an …
Actuarial Failure. Can you tell me one successful person, who got successful without facing failure in life? If everyone fails, will that be considered as failure or step in learning. …
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 …
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 …
This is a short summary explaining Industry Loss Warranties (ILWs). ILW is explained in detailed in Actuarial SP7 subject (formerly ST7). Definition of ILW Industry loss warranties (ILWs) are a type of reinsurance contract where the basis of cover is not indemnity, i.e. repayment of actual losses suffered. Protection is based on the total loss arising from an event to the entire insurance industry rather than individual insured company’s own losses. Trigger Event for ILWs The original size of the industry loss is used as a trigger for eligibility to a recovery. …