Information about Actuarial Softwares like Excel, SQL Python & R
One of the Research working parties for IFoA, Programming for Actuarial work has launched a manual using Github. The party is headed by Georgios Bakoloukas. It is believed that the IFoA, has first time came up with a git repository This git repository hosts the …
The actuarial profession is evolving as we speak, not only in terms of business volumes but also in terms of product innovations. In actuarial terms, the exponential rise in the diversity and complexity of actuarial services is an “undemanding assumption”. Hence, there is a requirement …
Loops in Python are used to execute a block of code iteratively for a number of times or until the list is exhaustive. But sometimes, in this form of execution, we require some exceptions like skipping an iteration, coming out of the loop when a …
Developed by the Statistician Ronald Fisher, Analysis of Variance (ANOVA) is a statistical model that helps to us to analyse the variability present in the data. Analysis of Variance (ANOVA) – One Way: The total variation present in a set of observable quantities may under …
Python statements are executed sequentially in any code, however, sometimes we wish to iterate a particular piece of code repeatedly. To attain this we use, Loops in Python. The Loops in Python will allow us to execute a group of statements repetitively. Loops are always …
As we know IFOA is going to conduct exams online using MS-WORD, creating each notation using its usual procedure would be a tedious task during examinations. Therefore, here we introduce you to some useful shortcuts of various mathematical notations that are frequently used in examinations. …
Many times during data analysis, we need to create our own custom functions to perform the task. This can be done using Lambda functions in Python. Learning to create your own function in Python can be super helpful and it is very easy. It can …
Sometimes, while working we need to use a particular piece of code again and again by changing a few inputs or values. Due to this reason of reusability, we use functions in Python. A function is an organized block of code that can be reused …
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. …
R is a powerful language used widely for data analysis and statistical computing. Inclusion of powerful packages in R has made it more and more powerful with time. One such recent and wonderful package for Covid-19 is ‘covid19.analytics‘. COVID19.Analytics Package Introduction The “covid19.analytics” R package allows users to obtain live …
We all know how important have Python has become for Data Analytics and Actuaries, more and more companies are using Python for their Analytical and Actuarial. In this era, learning about applications of Python in actuarial is a must skill. In collaboration with The Actuarial …
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 …
Hello, this is Yash Agarwal. In this article, I will be talking about my journey on becoming a Data Analyst whilst pursuing Actuarial. Currently, I am working in the Analytics department with a reputed Company, having cleared 7 Actuarial Papers. I will be talking about …
The Actuarial Club is proud to announce that we have collaborated with MJ the Fellow Actuary in order to provide the courses offered at a very subsidised rate to all our TAC members with up to 95% DISCOUNT on all his Udemy courses by just …
Data has always played the role of the backbone in the insurance sector. Nowadays the rate of increase in data is greater than the population growth itself. Big companies and startups are looking forward to investing in data analytics. But human effort can’t compile the …