Showing 16-30 of 36 results

## CM1 Tips & Tricks

January 12, 2020
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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 practical exam, for more details you can visit here – CM1 Core Mathematics 1: First Milestone …

## 6 Strategies for Overcoming Failures in Actuarial Science

December 20, 2019
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6 Strategies for Overcoming Failures in Actuarial Science

## BSc in Actuarial Science from Amity – An Overview

November 17, 2019
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BSc in Actuarial Science from Amity

## IFOA vs IAI: Current trends and Future analysis

September 7, 2019
3

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 …

## FAIL. How to overcome failure in actuarial!

July 3, 2019
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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 …

## Importance of Granularity in General Insurance

June 10, 2019
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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, …

## Industry Loss Warranties – ILWs

June 10, 2019
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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 …

## Latent claims: Claims which insurer not get to decide

May 22, 2019
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What are Latent Claims? Latent Claims derive from the perils that were unforseen when the Insurer wrote the policy and is applied to claims that become known about some years after the casue of loss. A latent claim is a claim that arises from a risk not anticipated by …

## Interpreting Key Actuarial Terms and Values

May 21, 2019
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The primary aim is to assess the profitability and financial strength of an Insurance company from its accounts. The key Actuarial terms and values to consider are: Underwriting ProfitUnderwriting Profit is the excess of earned premiums by an Insurance company over Incurred claims and expenses. …

## Ultimate Net Loss

May 19, 2019
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What is Ultimate Net Loss For Insurer, the loss is when a claim is received. However, that is not the only aspect to consider while calculation of loss reserves or generally analyzing the data. The Ultimate Net loss is the loss retained with the company …

## Average Severity

May 19, 2019
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SeveritySeverity refers to the amount you have received Insurance claim for. Average Severity would be the loss associated with an average Insurance claim. refers to the amount you have received Insurance claim for. Average SeveritySeverity refers to the amount you have received Insurance claim for. Average Severity would be …

## Loss development factors (LDF)

May 18, 2019
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Loss development factors or LDFs are used in insurance pricing and reserving to adjust claims to their projected ultimate level i.e to Ultimate Claims. Insurance claims, especially in long-tailed lines such as liability insurance or Motor TP, are often not paid out immediately. Claims adjusters set initial case reserves for claims; …

## Masters in Actuarial Science: Real Life Experience of an Indian

April 26, 2019
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Masters in Actuarial Science from abroad is always a question of high doubt and discussion. To help you solve your doubts we have already published an article on Masters in Actuarial Science from abroad giving a brief about the factors you need to consider before …

## How to Motivate Yourself to Study Right NOW!

February 28, 2019
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It’s a boring afternoon. You’re tired after exhausing actuarial class, and all you want to do is curl up with Netflix and a bowl of cereal. But you really should study, and you know it that actuarial exams are close now. It’s just that you …