Famous Actuaries
Actuaries who are known for their analytical abilities are specialist in Insurance and Pensions. Now they are sought after in areas of risk management ,...
ACTUARIAL
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Divorce or Alimony Insurance in India
Egypt may become the first country to make Divorce or Alimony insurance mandatory. Developed countries including US and UK already offer such products. The increasing...
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Warren Buffett and Milton Friedman
Warren Buffet Here’s an excerpt from The snowball:Warren buffett and the Business of life Chapter 15: Strike One, page 137. While a student at Columbia...
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An Indian Summer for Actuaries
Source-The Actuary By-Jagbir Sodhi ‘Incredible India’ is the strapline of the Indian Ministry of Tourism, used to promote the country to the world. India indeed...
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Documentaries and Movies
Black-Scholes Formula The history behind perhaps the greatest formula ever crated in finance: the Black-Scholes-Merton options pricing model. Two of its creators were awarded the...
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Actuarial Science
An actuary is a combination of business executive, mathematician, financier, sociologist, and investment manager. Actuaries are problem solvers who use actuarial science to define, analyze,...
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US insurtech-Key players in 2019
US insurtech transaction volume has grown high in 2019. Some interesting startups recently in this space. 1)BrokerBuddha-helps commercial insurance brokers grow sales by simplifying the...
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Global Actuarial Supply -Fellows and Associates
The following table shows the count of fellows and associates of some of the major members of the International Actuarial Association.
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Personal Cyber Risks Insurance-India
In this increasingly connected digital world, cyber risks have grown exponentially. Based on the 2017 Nortan Cyber Security Insights Report 143 million customers in US...
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Fictional Actuarial Story
“Again? Howie, no, really, I don’t think that’s right.” “Of course it is, Miranda. It was a unanimous decision.” “Howie, it’s been me for four...
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Fracking
Fracking or hydraulic fracturing is a technique for oil and gas extraction. The technique has become popular recently after scientists discovered new ways of extraction...
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Compulsory Third Party (CTP) insurance in Australia
Compulsory Third Party (CTP) insurance Compulsory Third Party (CTP) insurance is a mandatory component of vehicle registration across all Australian states and territories. However, the exact...
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Ebola- Insurance perspective
Ebola has gone global. On August 8 , WHO declared an international public health emergency formalising the severity of the outbreak. The crisis in Africa...
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Travel Insurance
Travel insurance in Australia is designed to protect travellers from financial losses and unexpected events that can occur before or during a trip, both domestically...
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General Insurance Industry Snapshot of Australia
Australia’s General Insurance Industry Snapshot Policies and Claims: The industry manages 86 million general insurance policies , including 18.2 million motor-related policies and 12.4 million...
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Workers’ Compensation (and Employer’s Liability) in Australia
Workers’ Compensation (and Employer’s Liability) by State/Territory Here’s a breakdown of the workers’ compensation schemes and average premium rates (as percentages of total wages) for...
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Fire and ISR policy in Australia
Fire and ISR In Australia, when discussing “Fire and ISR” insurance, you’re generally referring to two key types of business property coverage: Standard Fire &...
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Property and Casualty (GI) Written Premium by Country
General Insurance Premium by Country1. USA Premium: The P&C insurance sector reported $918.6 billion USD in net premiums written in 2024. The top 5 insurers...
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Actuarial assumptions for CTP
Actuarial assumptions for an Australian Compulsory Third Party (CTP) insurer are the key financial and demographic factors that actuaries use to estimate future claims costs....
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Actuarial assumptions for WC
Workers compensation Actuarial assumptions for insurers in Australia are a complex and critical part of their business. Unlike other forms of insurance, the premiums are...
