Sentences with phrase «company as an actuary»

Born in 1921, he had served in WWII, used the GI bill to attend Harvard, and settled in Los Angeles, where he worked for Occidental Life Insurance Company as an actuary.

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.»

He began his career with a life insurance company as a Product Development Actuary.

But with the yield on long low - investment grade bonds hovering above 5 %, I can tell you with certainty as a life actuary that the life companies are not providing a 7 % return to retirees — it is far, far less, more like 4 %, or maybe less.

Working as an actuary inside life insurance companies, I saw the complexity of accounting with up to seven accounting bases running at the same time.

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.

As a former Fellow in the Society of Actuaries, I was in the vanguard of those trying to apply actuarial principles to risk management, both when I managed risks for insurance companies, worked for non-insurance organizations, and manage money for upper middle class individuals and small institutions.

Alas, my training as an actuary should have told me to avoid companies dependent on market confidence to maintain financing.

While I worked for the domestic life companies 1989 - 1992, I served as the actuary for the annuity line of business.

«Term life is great for income replacement during your working years, but it's generally not suitable for a permanent need such as estate planning,» says Tom Ewanich, vice president and actuary at Fidelity Investments Life Insurance Company.

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.

I learned it again as a young life actuary, because life insurance companies can die from credit risk, run - on - the - company risk, or both.

I worked in the life insurance business as an actuary for 17 years, serving in almost every area that life insurance companies have.

Insurance company actuaries are a great source of information as to which activities are reasonably safe, and which are not.

Yes — probably all members of WG1 can now all get high paid jobs as actuaries working for insurance companies to mitigate against climate change.

Roger Grenville - Jones held a senior position as a «Head of Actuarial Function» within a global insurance company and since then has been a consulting actuary for over twenty - five years.

My career as an expert witness started in 1982, at which time I was the statutory actuary in a life assurance company (i.e. responsible for signing off the annual statutory financial condition report).

All insurance companies use special mathematicians, known in as actuaries, to create special tables known as actuarial tables.

This will help companies as well as policyholders as they can now select a higher tenure and the money will remain with insurers for a longer term,» R Kannan, member actuary, Irda, told Business Standard.

According to a 2012 study by the Society of Actuaries, 65 % of polled insurance companies have instituted a policy of «stretch criteria,» defined as «any formal written rules that exist outside a company's traditional published preferred criteria -LSB-, and] that allow underwriters to vary from the preferred criteria.»

Insurance companies hire people known as actuaries; it's a cool name for individuals who crunch the numbers and data to determine how likely someone is to pass away.

Using the calculations, actuaries determine how much cost will be involved in paying claims as well as how much money the insurance company should collect in order to make sure that they make enough money to pay potential claims and also make money.

Brown has spent his entire professional career as an actuary with Allianz Life, starting with the company as an intern in 2003.

This is to make sure you always receive the correct premium as published by the insurance companies actuaries.

As such, these companies employ many actuaries and other types of analysts to determine what factors can help accurately project client risk.

It is said by the regulator that the actuary's under - reserving has emerged in the deficit in the IBNR, i.e. Incurred But Not Reported Claims Reserve, of Rs. 4,263 crores, that was given away in the fiscal statements of insurance company as on March 31, 2016.

As this is pure life insurance the premiums costs are simply determined by calculations made by the actuaries taking into consideration many variables including past and anticipated company profits and expenses.

Prior to joining AEGON Religare Life Insurance, Mr. Gopalakrishnan worked with Bharti AXA Life Insurance Company, initially as Appointed Actuary and later became the CFO of the cCompany, initially as Appointed Actuary and later became the CFO of the companycompany.

Besides being mostly employed by insurance companies, many industry insiders believe that actuaries will make way into the medical industry in the future as well.

Organize and coordinate events such as mock interviews and shadowing actuaries at companies including CNA and Allstate.