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Introduction to Python, comments in python, variables in python, string operators in python, keywords in python, operators in python

Introduction to Python

March 8, 2020

Python is an open-source, high-level programming language created by Guido Van Rossum and first released in 1991. Python is rapidly becoming the go-to language due to its ease of writing and code readability.  It is a case sensitive language. The below guide to Python is …

CAS, casualty actuarial society

A Brief About Casualty Actuarial Society (CAS)

March 7, 2020

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. …

actuarial failure

FAIL. How to overcome failure in actuarial!

July 3, 2019

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 …

Industry Loss Warranties (ILWs)

Industry Loss Warranties – ILWs

June 10, 2019

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. Often, the industry loss trigger is fixed, with reference to published information or a known …