Sentences with phrase «as actuaries went»

As actuaries went, I was a generalist, and would enjoy tackling unusual and multi-disciplinary problems.

Not exact matches

«Prudential's methodical actuary,» as I wrote in Truth, «had gone through his company's own life insurance payouts for the previous year and had discovered that two words kept recurring in the ledgers: malignant neoplasm.»

So when setting annuity payments, insurance company actuaries are able to include what are know in insurance circles as «mortality credits,» essentially money that would have gone to annuity owners who die early but that's instead transferred to those who live longer.

You can get a more nuanced sense of how long your savings may need to support you by going to The Longevity Illustrator, a new tool designed by the Society of Actuaries and American Academy of Actuaries that estimates your potential lifespan based on factors such as your age, sex and state of your health.

Now, those who know me as a life actuary know where I am going next.

My present problem solved, as the investment actuary, I looked at the situation, and with the mortgage market falling apart, and rates being forced up, I drew the conclusion that we were in a self - reinforcing situation where interest rates were going to rise.

I've only experienced it as an actuary working in financial reporting, and it amazed me to see the detail work that they went through of checking cash flows (which should be done — how else do we detect fraud?)

In the life insurance industry, actuaries have worked together with regulators to put together a fair system that is hard to game, and as such, few life and P&C insurance companies went under during the financial crisis.

Retired actuary Malcolm Hamilton goes further and notes, «The expanded CPP was always going to hurt low - income Canadians, as was the proposed Ontario Retirement Pension Plan (ORPP) that it replaced.

As a result the actuaries went to work, not only to improve term life insurance policies, but also to come up with viable combinations of investment instruments and term life insurance.

No role is perhaps as integral to the entire insurance operation as the actuary's, and by understanding how the actuarial function will be redefined by AI, insurers will have gone a long way toward understanding the future of employment in the sector overall.