Conflict of interest [利益衝突] is one of those concepts where if you truly understand and look out for it, even in every life, you start to understand what is going …
Blog 37: Moral Hazard by Xavier Lo, FIA, FRM, MBA
The topic of today is about moral hazard [道德風險] which is a very important concept in insurance. Lets talk about an experience I had. When you’re with your friends, have …
Blog 36: Dunning Kruger Effect by Xavier Lo, FIA, FRM, MBA
Over the journey of being an actuary, have you ever felt that the more you learnt, the less about the world you know? Have you ever met people who you …
Blog 35: Survivorship Bias by Xavier Lo, FIA, FRM, MBA
Back in World War 2 [第二次世界大戰], the military [軍隊] wanted to see how their war planes [戰機] could be made stronger. They analysed all the planes which returned from missions …
Blog 34: Apophenia by Xavier Lo, FIA, FRM, MBA
Apophenia [關連感應]. Not a word that you use every day. However, it is definitely something that you will understand and recognise in your life. Have you ever looked at cars …
Blog 33: Big Mac Index by Xavier Lo, FIA, FRM, MBA
I hope you guys are not hungry [肚餓] when you read this, because this blog has a bit to do with food. Have you guys ever thought about how you …
Blog 32: Giffen Goods by Xavier Lo, FIA, FRM, MBA
Economics [經濟學] is a funny subject. They have a lot of theories which make a lot of sense (especially for logical thinkers like us actuaries). For example, when the price …
Blog 31: The Insurance Industry and Hedging with Derivative Instruments by Xavier Lo, FIA, FRM, MBA
This week is about hedging in the insurance industry. However, since the topic is quite technical, I’ve asked for the help of @actuariallyme with this. Thank you! There are many …
Special Blog: Theory Of Appropriate Salary Thresholds by Xavier Lo, FIA, FRM, MBA
I know its not a Saturday today, but since a lot of people have recently received bonuses [花紅], I’m getting a lot of questions about whether you should change jobs …
Blog 30: Impact of Covid-19 on the General Insurance Industry by Xavier Lo, FIA, FRM, MBA
Its been a bit over a year since the WHO [世衛] declared covid-19 [新冠肺炎] a pandemic [大流行病]. Lets explore the impacts on General Insurance [非人壽保險]. As this topic is very …
Blog 29: Pensions by Xavier Lo, FIA, FRM, MBA
The topic today wraps a few blogs together into something that most of you won’t even think about for maybe 20 – 30 years. That is pensions [退休金]! Pensions can …
Blog 28: Mr. Hong Kong Actuary’s typical day by Xavier Lo, FIA, FRM, MBA
I recently did a presentation to aspiring actuaries in Hong Kong. They asked questions about what I did on a day-to-day basis [每日嘅工作]. So instead of theory this week, let …
Blog 27: The Cobra Effect by Xavier Lo, FIA, FRM, MBA
Recently I spoke to a friend who told me her sales department [銷售部門] employees do not get paid any commission [佣金]. This is very uncommon and the apparent reason was …
Blog 26: Opportunity Cost by Xavier Lo, FIA, FRM, MBA
Firstly, I would like to thank all of you for DMing [直接訊息] me questions. I might not be able to answer questions that are personal to you, but I always …
Blog 25: Programming as a skill by Xavier Lo FIA, CRM
As a quick follow up last week’s post, perhaps even a contradiction [矛盾] in some ways, I would like to add that coding is very important to an actuary’s skillset. …