Pension plans provide financial security and stability during old age when people don’t have a regular source of income. The most common options are the National Pension System (NPS) and Unit Linked Pension Plan (ULPP). These plans ensure that people live with pride and without …
While the Insitute and Faculty has confirmed earlier that it will not be holding the upcoming April written assessments in examinations centres due to the ongoing Covid-19 pandemic, the confusion remained until today about whether the practical exams like CP2 and CP3 would happen? The …
United states has 2 Actuarial societies namely:1. Casualty Actuarial Society (CAS)2. soa” 15967 target=”_blank”>soa" 15967 target="_blank">Society of Actuaries (SOA) Key distinction between CAS AND SOA While this article is meant to explain Casualty Actuarial Society (CAS), the difference between SOA and CAS is relevant for study purposes. …
ACET Exam is conducted by Institute of Actuaries of India (IAI). ACET Admit card is released by the IAI. The exam is held thrice times a year. ACET is a computer-based test consisting MCQ questions which a candidate need to complete in the given duration. …
We have received great number of questions on how to become an Actuary or persue Actuarial Science, when to start writing exams, give exams, which papers to clear, how many to clear, what’s the salary, what’s the future and many more. So in this article, …
CA2 / CP2 exam – Tips and Strategies for Paper 1 The article was originally written by Chmel Oon for clearing cp2 exam Paper 1. We thank Chmel for allowing us to post this on the Actuarial Club. Always clone original data while excel modelling …
Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation and development of profession of Actuaries in India. Actuarial science is a discipline that applies mathematical and statistical techniques to Price, Value and assess …
6 Strategies for Overcoming Failures in Actuarial Science
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 a linear measure (or 1st derivative) of how the price of a bond changes in response to …
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 who used to attempt exams from IAI because the exam fees were lower as compared …
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 statements. Candidates will gain knowledge of corporate governance, different types of company structure, management goals …
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. If everyone goes through failure before becoming successful then a failure should be embraced, isn’t …
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 subdivided by class, currency, territory, major risk groups within a class and such other subdivisions, …
