Innovating Actuarial Science
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
The DAY we all have been waiting for is here. The document received by us reads out aloud about the Actuaries Day on the birthday of Late Shri L S Vaidyanathan which is on 21st...
While they both revolve around data, there are certain lines drawn between these two. For instance, actuaries are found primarily in the insurance industry and risk management. On the other hand data scientist can be found in virtually any industry. If we have a comparative lookout of actuarial science and data science, prior is about the study of finance and related fields and activities and latter is about studying different data sets, their relationship and analysis.
This blog was originally written on STUMP by Mary Pat Campbell and has been posted with proper permissions. The post is in memory of actuary Jeremy Gold, who died earlier this month. Not many actuaries...
The bottom line: public pension plans’ poor funding levels would be even worse if they were accounted for the way that private pension plans are, the fact that their accounting methods differ has contributed...
Hello Everyone! It’s a long after post but we are glad that we could make it to the day to write it. What we achieved so far? Not only we had our first event...
There isn’t a world where there aren’t any uncertainties. In comes actuaries, to assess the risks Awareness about Actuarial Science or Actuarial profession continues to be limited, within the contours of high level financial...
There isn’t a world where there aren’t any uncertainties. In comes actuaries, to assess the risks Awareness about Actuarial Science or Actuarial profession continues to be limited, within the contours of high level financial...
Shubhanjali Gupta, fellow Actuary, says I googled ‘Actuarial Science’ and was rewarded with a number of hits, one of the top ones being www.actuaries.org.uk. And so it began! I read about the profession, the testimonials, the routes to qualifying and I was hooked. I looked into the papers I was supposed to take and read through the syllabus. Post this I made a list of what papers I already knew bits of. Being a Statistics student my first choice was to go with CT-3. In addition I decided to take CT1 and CT6. This was my first attempt and the beginning of my journey towards FIA.
You may wonder what is The Actuarial Club of India and what exactly we are supposed to do? Our prior motive is to bring the professionals in our industry from a fresher to fellow...
Recently, Institute of Actuaries of India (IAI) conducted its first ever classroom training program on Health Insurance industry by the name of “Health Insurance – Product Design and Pricing Training”. The purpose of writing...
Nathan Temeyer, in this linkedin post, gives an overview of the situations faced in reality by an Actuarial Interns. The tips are too helpful if you are in the arena of ‘an Intern’! The...
We got this rare opportunity to bring an Actuarial Recruiter, Ayush Anand from GreenTree Advisory on our platform The Actuarial Club Forums so he can give answers of what you have in mind. The session was completely open where you can ask to a Recruiter who has experience of more than 6 years in Recruitment and handled almost each and every process in Recruiting. He is been focusing on Analytics and Actuaries since starting of his career and can be called as a Consultant all by himself!
Greg Hayward, assistant vice president & actuary at State Farm, manages a group of actuaries and data scientists specializing in predictive analytics. He observes that actuaries are using analytics to help claims adjusters better manage claims, marketing personnel improve the customer’s experience, IT departments manage peak demand cycles, as well as several other areas. Greg has never seen actuaries with analytics skills in higher demand.
The panel actuary is expected to vet products and estimate reserves and solvency margins of insurers every quarter and at the end of every financial year
