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 …
Conditional Execution using If, Ifelse and Elif in Python
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.
Best Python Courses Online
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.
Worldwide data for analytics on Coronavirus
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
Introduction to Python
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 …
CAS (Casualty Actuarial Society): Pathway, Exams, and Careers
The Casualty Actuarial Society (CAS) is the US-based professional organization for property & casualty (P&C) actuaries. It administers the exam and credentialing process for P&C actuaries, awarding the Associate (ACAS) …
6 Strategies for Overcoming Failures in Actuarial Science
6 Strategies for Overcoming Failures in Actuarial Science
BSc in Actuarial Science from Amity – An Overview
BSc in Actuarial Science from Amity
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. …
Latent claims: Claims which insurer not get to decide
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 …
Interpreting Key Actuarial Terms and Values
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 Profit (Revenue …
Ultimate Net Loss
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 …
Average Severity
Severity refers to the amount you have received Insurance claim for. Average Severity would be the loss associated with an average Insurance claim. Average Severity Calculation To calculate Average Severity, …