In this article, I will be talking about how to build a Multi-Variate Time Series Modelling – Vector Auto Regressive (VAR) Model in R. I will be exploring the available dataset, how to decide upon certain factors which affects the model, execution and comparison between …
The short course of Bayesian Statistics and Credibility theory by MJ Actuary on Udemy is free for the next 2 days for the 28th and 29th of May. This short course on Bayesian Statistics and Credibility Theory aims to address the following syllabus objectives of …
Data types in Python We store data in different formats and therefore, it becomes important for us to know the type of our data. It helps us in performing different kinds of operations and avoid preventable errors. In Python, we store our data using variables. …
Quarantine has hit all of us hard. But it can be an opportunity in disguise. I thought to utilize my quarantine time for some productive purpose and bring my knowledge of actuarial subjects to practical use. But I wasn’t very sure of how to do …
When I first started studying Exam P for the June 2013 sitting, there were a lot of things that I had to discover on my own about studying for actuarial exams. Back in 2018, I promised myself that, once I got my FCAS, I’d write …
Many times, in programming, we need our programs to execute a particular part of code depending upon certain conditions. This is called conditional execution. The function is mostly performed using If, Ifelse and Elif in python.
To learn from a Python course, consider enrolling in an online class from websites like edX, Udemy, and Udacity. The courses are available starting from just $7.
The one of the best GitHub repo we found on coronavirus is data from John Hopkins University CSSE. Use the provided link to set up your own analysis on COVID-19
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 …
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. …
6 Strategies for Overcoming Failures in Actuarial Science
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, …
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 …