Actuarial challenges - PowerPoint PPT Presentation


The Evolving Role of AI in Insurance

Delve into the historical roots of actuarial science, the role of data and AI in modern insurance practices, and the impact of emerging technologies on the industry's future. Explore the convergence of artificial intelligence, machine learning, and data science in shaping the landscape of insurance

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Milliman Global Actuarial Initiative (GAIN)

The United Nations Development Programme (UNDP) and Milliman Global Actuarial Initiative (GAIN) are working together to enhance the actuarial profession in developing nations, fostering economic stability, and growth. The initiative aims to promote risk protection mechanisms through insurance contri

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First Year Information Night for Statistics and Actuarial Science (SAS)

Meet your Statistics and Actuarial Science advisors - Emily Kozlowski and Riley Metzger. Learn about the roles of advisors in signing course override forms, plan modification forms, and providing program-related guidance. Find out how to get help from an advisor and explore the field of Statistics.

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Actuarial Best Practices and Challenges in Policy Management

Explore the complexities of testing in-force policies, historical data analysis, projection methodologies, model governance, handling difficult situations, and enhancing actuarial models. Learn techniques to ensure data accuracy, manage policy performance, and address common industry challenges effe

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Capacity Building Webinar on Retirement Benefits: Module 2 - Defined Benefit Pension

Chitra Jayasimha and speakers like Kishore Singh and Jayesh D. Pandit will lead a webinar on Defined Benefit Pension focusing on government sector pensions, actuarial aspects, and calculations. Chitra, with vast experience in actuaries and benefit consulting, brings knowledge from various countries.

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Insights from 35th India Fellowship Webinar on Managing Financial Condition in Pandemic

The 35th India Fellowship Webinar held on July 10, 2021, focused on the impact of COVID-19 on financial conditions in FY 2020-21 and strategies for managing during the pandemic. The session featured Ms. Anuradha Sriram, Chief Actuarial Officer of Aditya Birla Health Insurance Co. Ltd., who shared va

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Unveiling Behavioral Economics for Actuarial Enhancement

Delve into the realm of behavioral economics to refine actuarial skills with insights from examples and thought-provoking scenarios. Explore cognitive biases, the Halo Effect, and probability paradoxes illustrated through engaging images and explanations drawn from Daniel Kahneman's book "Thinking,

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Actuarial Insights into Retirement Benefits Seminar

Delve into the intricacies of retirement benefits and pension plans at the "19th Seminar on Current Issues in Retirement Benefits". Gain valuable insights into traditional and special actuarial projects, funding valuations, accounting considerations, and regulatory compliance. Explore the evolving l

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The Actuarial Association of Europe and Its Risk Management Committee

The Actuarial Association of Europe (AAE) was established in 1978 to represent actuarial associations in Europe and provide independent advice on actuarial issues. AAE's vision is for actuaries throughout Europe to be recognized as leading advisers in financial services, risk management, and social

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Challenges in Actuarial Risk Assessment Precision and Bias

The discussion revolves around the precision and bias found in Actuarial Risk Assessment Instruments (ARAI), highlighting concerns about their effectiveness and ethical implications. Various perspectives are presented, pointing out flaws in the existing data and the wildly imprecise nature of indivi

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Understanding the Actuarial Career and How to Become an Actuary

Actuaries play a crucial role in solving complex financial issues in various sectors such as insurance, banking, and government. This career path requires passing a series of exams focusing on probability, financial mathematics, and risk management. By mastering these concepts, individuals can work

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Overview of Moroccan Association of Actuaries: History, Ecosystem, and Achievements

The Moroccan Association of Actuaries plays a vital role in the actuarial landscape of Morocco, with a rich history dating back to the launch of an actuarial program at INSEA. The association has been instrumental in shaping the insurance and financial sectors in Morocco, including advocating for ba

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Actuarial Pricing of Export Credit Insurance Seminar Overview

This seminar delves into the challenges of pricing export credit insurance, covering topics such as risks covered, product issues, underwriting standards, and pricing approaches. It highlights the importance of actuarial standards in this field and discusses the agenda for addressing future challeng

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Insights on Professionalism, COVID-19, and Actuarial Decisions

Explore key topics discussed in the CAS Spring 2021 meeting, including the impact of COVID-19 on insurance operations, antitrust regulations, legal disclosures, and recent changes in actuarial principles. Discover insights on pandemic-related disruptions, regulatory impacts, and challenges faced by

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Exploring the Path to Becoming an Actuary

Dive into the world of actuarial science, understanding the role of actuaries in analyzing and managing risk. Learn about the structure of actuarial departments, areas of practice, and the classes you should take to pursue this career. Explore the responsibilities and expertise required in fields su

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Actuarial Science Major Information Session at SMU

The Actuarial Science Major Information Session at SMU is an opportunity for students interested in mathematics and careers in actuary, finance, insurance, and risk management. The program offers two tracks - Actuarial Analyst (AA) and Risk Analyst (RA) - structured after the education framework of

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Actuarial Internship Exploration Tips & Strategies

Explore valuable tips for securing an actuarial internship, including researching the profession, passing key exams, excelling at Kansas State, finding hiring companies, preparing application materials, interviewing effectively, negotiating offers, and succeeding as an intern.

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Actuarial Society of the Philippines Overview

The Actuarial Society of the Philippines (ASP) was established in 1961 and has grown to become the only national association of actuaries in the Philippines. ASP members work in various sectors such as life insurance, health care, and social security. The society plays a crucial role in educating ac

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Professionalism and Ethics in Actuarial Practice

Explore the significance of professionalism and ethics in the actuarial profession, discussing the expectations and conflicts faced by professionals, the importance of adhering to standards, and the nuances of different types of statements made in the field. The content emphasizes the responsibiliti

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Policyholder IRR Publication: A Case Study in Actuarial Innovation

As a young actuary proposing the publication of policyholder IRR in benefit illustrations, challenges arise from marketing and committee concerns. The idea aims to enhance transparency, empower policyholders, but faces resistance due to sales difficulties and setting precedents. Strategic decisions

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Career Insights in Actuarial Mathematics

A comprehensive overview of pursuing a career in actuarial mathematics, covering educational pathways at Vanier College and Concordia University, job responsibilities, required skills, work conditions, and key characteristics of the profession. Actuaries utilize math and statistics to analyze risks,

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Applying Actuarial Thinking to Public Sector Politics by Phil Doggart

Explore the insights shared by Philip Doggart in "Applying Actuarial Thinking to Public Sector Politics," focusing on the campaign, election process, door-to-door interactions, election strategies, results analysis, and aftermath of the General Election 2016.

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Current Issues in Employee Benefit Plan Audits: A Comprehensive Overview

Dive into the latest trends and challenges in defined benefit audits, as discussed by industry experts. Explore actuarial considerations, auditor responsibilities, plan designs, and more crucial aspects in this informative webinar session.

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Actuarial Science Club First Meeting Overview

Actuarial Science Club's first meeting covered introductions of club officers, discussions on actuarial science topics, upcoming events, exam information, and the benefits of pursuing a career in actuarial science. The meeting also highlighted social events, volunteer opportunities, and the mentor p

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British Coal Staff Superannuation Scheme Annual General Meeting Overview

The annual general meeting of the British Coal Staff Superannuation Scheme held in Edinburgh covered important updates on funding, investment, key statistics, and the 2021 actuarial valuation results. Discussions included the Scheme's primary funding aim, increased market volatility, and the challen

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GASB 68 Reporting and Actuarial Valuation Comparison

GASB 68 reporting as compared to the 2015 actuarial valuation focused on the implementation of GASB 68 for financial statements, including the reporting of entities like the Bay County Employee Retirement System and Bay-Arenac Behavioral Health. The process involved providing information on pension-

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NYSTRS Financial Performance Overview 1998-2017

NYSTRS experienced significant growth over a twenty-year period, with employer contributions totaling $21.1 billion, member contributions at $3.0 billion, benefit payments and expenses reaching $94.2 billion, and investment income amounting to $120.4 billion. The breakdown of income sources reveals

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Overview of IAA Health Section AGM and Colloquium in Hong Kong

The IAA Health Section AGM highlighted the growth in membership and successful webcast programs. The chairman's report emphasized key topics covered in the webcasts, such as microinsurance, risk adjustment, gender equalization, and health insurers' challenges. Additionally, the section participated

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Actuarial Perspective on Value Added Benefits in Indian Health Insurance

Explore the viability and customer benefits of value added benefits in health insurance from an actuarial perspective at the 28th India Fellowship Seminar. The Indian healthcare industry's growth prospects, policy support, and the role of health insurance are discussed, highlighting the opportunitie

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Indian Actuarial Seminar on Product Line Profitability and Risk Management

Explore the discussions at the 26th Indian Fellowship Seminar focusing on product line profitability, claims volatility, peak risks, sustainable product mix, and risk management in the field of actuarial science. Learn about the importance of product line profitability, how it is quantitatively and

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Handling Conflict of Interest in Actuarial Consultancy: A Case Study

Investment consultant, a qualified actuary, faces potential conflict of interest in advising two clients involved in a management buyout. Issues arise with the Sale Purchase Agreement's ambiguity and his involvement in the buyout process. The consultant must navigate these challenges to uphold profe

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Challenges in Pricing Cyber Risk and Terrorism Risk: Impact on Solvency and Reserving Methods

The seminar discusses the challenges in pricing cyber risk and terrorism risk, with a focus on changes in reserving methods as per IRDAI ALSM 2016 and their impact on solvency and reserving. Key areas of consideration under ALSM 2016, valuation of assets, estimation of liabilities, and more are cove

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Enhancing Statistics and Actuarial Science Education with Computer Packages

Explore the use of various computer packages for teaching statistics and actuarial science, potential benefits of utilizing proper statistical tools, incorporating data science content for professional exams, and the importance of data science in the curriculum to enhance students' skills in real-wo

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Evolution of Actuarial Science and Emerging Trends

The history of actuarial science dates back to ancient civilizations, with modern developments originating in London's insurance market. Actuarial techniques have progressed from mortality tables to contemporary risk diversification. Throughout the centuries, advancements in statistical modeling and

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Enhancing Teaching Assessment for Actuarial Education

Exploring the transition of assessment practices from online to in-person settings, this presentation by Diana Skrzydlo at the Actuarial Teachers and Researchers Conference delves into the purpose of assessment, key principles, and activities for effective evaluation. Discover insights on diagnostic

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Building up the Actuarial Profession in Bangladesh: Challenges and Opportunities

The Actuarial Society of Bangladesh is working towards developing the actuarial profession in the country. They focus on traditional areas like insurance and pensions, as well as non-traditional areas including risk management and wealth planning. Despite facing challenges such as regulations and a

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Highlights from California Actuarial Advisory Panel's Joint Committee Hearing on January 10, 2018

The joint committee hearing on January 10, 2018, discussed the role and accomplishments of the California Actuarial Advisory Panel (CAAP) in providing impartial information on pensions and postemployment benefits to public agencies. The CAAP's work includes historical models, funding policies, and r

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Professional Standards in Actuarial Reserving: A Case Study Analysis

A case study presentation on actuarial reserving, focusing on maintaining professional standards, addressing factors influencing reserves, regulations, and conflict of interest. The Finance Director's suggestion to lower reserves for better company profits is examined, along with implications on com

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Actuarial Board for Counseling and Discipline (ABCD)

The Actuarial Board for Counseling and Discipline (ABCD) is a pivotal entity formed by U.S.-based actuarial organizations to uphold ethical and professional standards within the actuarial profession. ABCD provides guidance, investigations, counseling, and mediation services to ensure members adhere

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Understanding Price Optimization in Auto Insurance Markets

This presentation delves into the concept of price optimization in the auto insurance industry, covering actuarial, economic, and regulatory aspects. It addresses the controversy surrounding price optimization, various state definitions, concerns, and the use of sophisticated tools to quantify busin

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