Search found 14 matches

by arpit
31 Aug 2018, 17:32
Forum: Actuarial Discussions
Topic: Deferring PPD requirements IFOA
Replies: 0
Views: 346

Deferring PPD requirements IFOA

If you are a student member and currently not doing any job, then you can defer your PPD requirements. Just mail - Quality@actuaries.org.uk A sample mail :- Subject - Deferring PPD requirements Respected Sir/Ma'am I am ______, ARN - ________. I am a student member of IFOA and studying full time unde...
by arpit
27 Aug 2018, 19:11
Forum: Actuarial Discussions
Topic: Calculations of new insurance products?
Replies: 0
Views: 192

Calculations of new insurance products?

How does an insurance company or actuary calculate risk of different emerging products such as Drone insurance

Since data is very less or negligent, so how does the premiums got calculated?
by arpit
25 Aug 2018, 20:35
Forum: Actuaries & Data Science
Topic: Actuarial & Data Science.
Replies: 3
Views: 493

Re: Actuarial & Data Science.

Data is everywhere ..Every company ,industry, profession stores tons of data like if we talk about small sectors , even a shopkeeper keeps records of data and can use analytics to predict which product could fulfill customers satisfaction which helps him to increase revenue and decrease costs. A li...
by arpit
23 Aug 2018, 19:22
Forum: Interviews and facts
Topic: Interview Preparation
Replies: 12
Views: 2059

Re: Interview Preparation

Highest to Lowest; Endowment-whole-pure-term Sent from my SM-G611F using Actuarial Info mobile app True, I would like to add on the reason behind this, the reason is Present Value In Endowment, the payment is sure and made within n or at n years making it highest Pv. In whole, the payment is also s...
by arpit
04 Aug 2018, 18:42
Forum: Actuarial Discussions
Topic: Are there any sub departments in an Actuarial department
Replies: 0
Views: 244

Are there any sub departments in an Actuarial department

Like in a general insurance company, there can be many Actuarial sub departments like motor, health, fire, etc. So what are the other sub departments in actuarial department of a company.
by arpit
03 Aug 2018, 21:04
Forum: Daily Dose
Topic: What are Add-ons in motor insurance?
Replies: 1
Views: 318

Re: What are Add-ons in motor insurance?

Zero Depreciation Offers full claim without any depreciation on the value of parts replaced with an admissible claim under the Motor Comprehensive Package Policy. Theft or Loss of Keys We reimburse you the cost to replace your Car keys and locks or locksmith charges,in case your car keys are lost or...
by arpit
31 Jul 2018, 18:34
Forum: Actuarial Tables
Topic: Notations used in Actuarial Tables
Replies: 0
Views: 166

Notations used in Actuarial Tables

There are basically 4 notations - lx: It is the number of surviving lives alive at exact age š‘„. š‘‘š‘„: It is the number of deaths over the year of age š‘„. qx: Probability of dying in year x px: Probability of surviving year x Now there are 4 relations that helps in understanding the tables- 1. lš‘„+1=š‘™š‘„āˆ’...
by arpit
31 Jul 2018, 18:27
Forum: Actuarial Tables
Topic: Graduation of Rates in Actuarial tables
Replies: 0
Views: 160

Graduation of Rates in Actuarial tables

Graduation is a mathematical process that inputs an array of rates requiring smoothing and outputs an equal-sized array of smoothed rates. Methods of graduation include graphically fitting a curve to input rates or solving for the parameters of a parametric formula. There are two common situations ...
by arpit
28 Jul 2018, 12:22
Forum: Actuarial Discussions
Topic: What's the difference between SOA and CAS
Replies: 1
Views: 231

What's the difference between SOA and CAS

Both are American society of Actuaries, but what's the difference between the two?
by arpit
24 Jul 2018, 16:44
Forum: CT5
Topic: CT5 Theory Notes
Replies: 0
Views: 491

CT5 Theory Notes

CT5 Theory Notes by Bharti Singhal
CT5 Theory Notes.pdf

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