One of the lessons I learned early
on as an actuary...
Not exact matches
His background
as a life
actuary has given David a different perspective
on investing.
The retirement system's
actuary recommended a change based
on a recommendation from Buck Consultants, LLC,
as part of an independent actuarial review which is performed every five years.
Most busy
actuaries would have dismissed this
as a passing fancy, but Buff had some experience with the writing life; his wife, Sheila, is a medical writer who has collaborated
on or ghost - written several best - selling books, including 2003's Atkins for Life.
On to tonight's first topic: my view on derivatives differs from that of other commentators because I am an actuary (as well as an economist and financial analyst
On to tonight's first topic: my view
on derivatives differs from that of other commentators because I am an actuary (as well as an economist and financial analyst
on derivatives differs from that of other commentators because I am an
actuary (
as well
as an economist and financial analyst).
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.
Index investing,
on the other hand, is about
as stimulating
as a four - hour lecture by an
actuary who mumbles.
From my prior experience
as an
actuary, and the time that I spent
on the asset - liability com...
On one block of business that was clearly unprofitable,
as actuaries, we thought the dividend scale should be reduced to zero.
From my prior experience
as an
actuary, and the time that I spent
on the asset - liability committee of a small bank, I know that the banking industry is far behind the life insurance industry
on risk control.
Alas, my training
as an
actuary should have told me to avoid companies dependent
on market confidence to maintain financing.
I had heard about the failure, and so I searched for more data
on it, and I saw Cramer's article, only one hour old, so I sent him an e-mail
as «your friendly neighborhood investment
actuary.»
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,
as an
actuary, I had more asset knowledge than most, but seeing the variation made me say to myself that if
actuaries are risk managers in life insurers, the syllabus for teaching
actuaries is wrong, because it focuses
on liabilities, not assets.
I wrote
as a submission to a Society of
Actuaries request for essays
on the topic of Post Retirement Needs And Risk Committee Managing Retirement In Light Of Diverse Risks.
I am an
actuary as well
as a value investor, and have been a buy - side analyst in a hedge fund where I focused
on the insurance industry.
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.
Ohio, for example, closed its prepaid plan to new investments at the end of 2003 because
actuaries anticipated potential shortfalls
as investment returns slipped and tuition at public universities soared after the state lifted a lid
on fees.
The folly of this exercise is a mirror image of our industry's reliance
on the splendid 1982 — 2000 experience to shape our return expectations,
as far too many investors,
actuaries, consultants and accountants actually did in 2000.
This is the most comprehensive list of best
Actuary blogs
on the internet and I'm honoured to have you
as part of this!
As a casualty
actuary, I dislike estimating a trend based
on filling in missing temperatures to get an average.
-- The Secretary of the Treasury shall transfer from time to time to the Trust Fund, from amounts in the general fund of the Treasury that are not otherwise appropriated, such sums
as the Chief
Actuary of the Centers for Medicare & Medicaid Services calculates
as necessary (and so certifies to such Secretary) for any fiscal year,
on account of changes in benefit costs and changes in tax revenue attributable to the provisions of the American Clean Energy and Security Act of 2009 and the amendments made thereby, in order to place the Trust Fund in the same position at the end of such fiscal year
as the position in which it would have been if such changes had not occurred.».
He took a double first in mathematics from Oxford University and qualified
as an
actuary before embarking
on a successful career in the City.
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.
Industry experts such
as the American Society of
Actuaries point out that depending
on the level of coverages being compared, a Whole Life monthly premium could actually run
as much
as five to ten times more than the same amount of Term Life Insurance coverage.
Further the prem amount by LIC (
as well other cos) must have been based
on some calculations (
actuaries) and if it is so, there should not be much difference in their premium rates.
Minimum variable premium for Metlife Superannuation is Depends
on an independent
actuary's certificate
as per
AS15 (Revised) and minimum variable premium for HDFC Life CSC Suraksha is not available.
Variable maximum premium for plan 1: Depends
on an independent
actuary's certificate
as per
AS15 (Revised).
Minimum variable premium for Future Generali Group Loan Suraksha is not available and minimum variable premium for Metlife Superannuation is Depends
on an independent
actuary's certificate
as per
AS15 (Revised).
Minimum variable premium for Mera Term Plan is Not Mentioned and minimum variable premium for Metlife Superannuation is Depends
on an independent
actuary's certificate
as per
AS15 (Revised).
Minimum variable premium for Metlife Superannuation is Depends
on an independent
actuary's certificate
as per
AS15 (Revised) and minimum variable premium for Metlife Complete Care Plus is not available.
Minimum variable premium for Metlife Superannuation is Depends
on an independent
actuary's certificate
as per
AS15 (Revised) and minimum variable premium for Metlife Group Term Life Plus is not available.
This kind of
actuary - machine combo will generate prices and products superior to those either one could muster independently, empowering insurers to retain old books of business
as they evolve and capitalize
on new books
as they emerge.
You must know that your hiring manager is more interested in your education, degree & training
as a trained
Actuary - and hence you must place your academic qualifications before the professional experience
on the resume.
Achieving Your Pinnacle: A Career Guide for
Actuaries — Tips and insights
on beginning a career
as an
actuary, building essential skills, and developing a specialization.
In this live webinar recording, Stephen Goss, Chief
Actuary of the Social Security Administration and Stephanie Kelton, Chief Economist of the Senate Budget Committee, discuss social security, an aging population, and housing demand —
as well
as answering questions
on social security funds and the state of social security.