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 …
IFoA clears position for CP2 and CP3 2020 exam
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 …
A Brief About Casualty Actuarial Society (CAS)
United states has 2 Actuarial societies namely:1. Casualty Actuarial Society (CAS)2. Society of Actuaries (SOA) Key distinction between CAS AND SOA While this article is meant to explain Casualty Actuarial …
CM1 Chapters Summary & Excel tips
CM1 is one of the most basic and important paper and is widely applicable in real life. It is a combination of CT1 & CT5 and now also includes excel …
A Guide to Actuarial Common Entrance Test
A guide to preparing for Actuarial Common Entrance Test (ACET) The actuarial common entrance test is popularly referred to as ACET. The exam is administered three times per year and …
CA2 / CP2 exam Paper 1 – Tips and Strategies
CA2 / CP2 exam – Tips and Strategies for Paper 1 The article was originally written by Chmel Oon for clear cp2 exam Paper 1. We thank Chmel for allowing …
CM1 Tips & Tricks
CM1 is one of the most basic and important paper and is widely applicable in real life. It is a combination of CT1 & CT5 and now also includes excel …
Registrations for Actuarial Common Entrance Test (ACET) begin at Institute of Actuaries of India (IAI)
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 …
6 Strategies for Overcoming Failures in Actuarial Science
6 Strategies for Overcoming Failures in Actuarial Science
How convexity and duration are used to solve real business problems
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 …
IFOA vs IAI: Current trends and Future analysis
The new curriculum of 2019 brought huge changes in the IFoA & IAI exam structure. There are major debates over the changes in the structure of both the Actuarial Societies …
CB1 Business Finance (CT2) Tips & Tricks
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 …
FAIL. How to overcome failure in actuarial!
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. …
Importance of Granularity in General Insurance
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 …
Industry Loss Warranties – ILWs
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. …