Anmol Khurana’s Post

🤔 WHAT DOES AN ACTUARIAL ANALYST DO? 🤔 WHAT IS ACTUARIAL SCIENCE? 🤔 HOW DO ACTUARIAL ANALYSTS HELP PROFESSIONAL SERVICES FIRMS MAKE RISK-RELATED DECISIONS? Jan DeClue did a great job answering those questions and offering ways Lewis & Ellis - Actuaries and Consultants can help leverage actuarial analysis for risk-related decision making. Read her article at the link the comment section. #lewisandellis #actuary #actuarialscience #actuarial

What does an actuarial analyst do? Jan DeClue explains how actuarial analysts specialize in helping professional services firms improve their risk-related decision-making capabilities through the discipline of actuarial science. At Lewis & Ellis - Actuaries and Consultants expert actuarial analysis is just an email or a phone call away. https://lnkd.in/g9HsVYtt #lewisandellis #actuary #actuarialanalyst

What Does an Actuarial Analyst Do? Actuarial analysts use mathematics, statistics and financial theory to help professional services firms analyze data, calculate probability and make predictions. At Lewis & Ellis, our qualified and experienced actuaries provide outstanding support across many industries. Jan DeClue informs us of how to leverage actuarial analysis for risk related decision making here: https://lnkd.in/gyukb2Fu #lewisellis #actuary #actuarialprofession #actuarialanalysis

If you have been waiting anxiously since the May/June issue of the Casualty Actuarial Society #ActuarialReview to read more about the Code of Professional Conduct, the wait is over! In Part I, I covered some of the history of the Code as well as the first 6 Precepts. Part II covers Precepts 7-14 and provides clarification on the candidate code of ethics. #professionalism #actuary

The bulk of the ABCD’s work does not involve complaints or cases that result in disciplinary recommendations; more commonly, they involve inquiries from actuaries seeking counseling services. The ABCD refers to these counseling services as “Requests for Guidance.” Be sure to read Kenneth Hsu's and my article in the latest Actuarial Review to learn more. https://lnkd.in/e_-ajE_P

*Benefits of actuarial science in insurance* 1:Fair and Accurate Pricing 2:Product Development 3:Financial Solvency 4:Risk Management Overall, actuarial science plays a vital role in ensuring the stability and fairness of the insurance industry. By applying mathematics, statistics, and financial modeling, actuaries help create a system where both policyholders and insurers are protected.

Actuarial science is a discipline that applies mathematical and statistical methods to assess risk in various industries, predominantly insurance and finance. Actuaries utilize complex models to analyze data, predict future events, and determine the financial impact of uncertain outcomes. Their expertise is crucial for setting insurance premiums, designing pension plans, and managing investment portfolios. Actuarial science requires a strong foundation in mathematics, statistics, economics, and finance, as well as excellent analytical and problem-solving skills. Actuaries play a vital role in helping businesses and individuals make informed decisions to mitigate risk and secure financial stability.

If you too want to know you must read… “What do you do?” “I am studying Actuarial Science.” “What is that?” This is where it starts to get complicated for all Actuarial Aspirants. The difficulty in explaining and being understood. There are only a few who would know about this noble profession, and even less who understand it. To solve this problem, I have come up with a few basic definitions that would help people have an idea and understand Actuary and Actuarial Science. Who is an actuary? An actuary is a professional who uses mathematical and statistical techniques to assess various financial risks. He evaluates the likelihood of future events, designs policies and helps to manage and mitigate risks effectively. Actuaries are problem solvers and strategic thinkers. What is Actuarial Science? Actuarial science is a discipline that applies mathematical and statistical methods to assess financial risks in various industries. It helps to analyse future uncertain events. Actuaries, who specialize in actuarial science, are professionals trained to analyze and manage risks. Though, these definitions resemble my understanding of the profession, but I still feel that they are very narrow. I believe that the scope of Actuarial Science is wider than can be covered in a few sentences. Therefore, anybody who would like to add anything more to the above please do it. I believe that everyone has their own specific understanding of something and therefore opinions and suggestions are welcome.   #actuary #risk #actuarialscience

My latest article "The History of Actuarial Science" was just published by the Actuary Magazine from the Society of Actuaries (SOA). This was a topic that I was always interested to read about for a long time, and ended up doing tons of research. From the article: "When I began researching the history of actuarial science, I anticipated reading about a couple centuries of actuarial history. However, I soon realized that the concepts underlying the actuarial profession go back not just centuries, but thousands of years. I was not expecting the origins of risk management and probability theory to involve a French gambler, a London coffeehouse, a famous astronomer or ancient Roman courts. But that is what I found, and much more." I hope you enjoy reading it as much I as I loved researching and writing this piece! Special thanks to Todd Rector and the team - always a pleasure to work with you. Read the full article here: https://lnkd.in/g4VUVqBz #actuarialscience #actuary #history #insurance #finance

Do you REALLY know what actuarial work looks like day-to-day? It's one thing to love math and problem-solving, but what will it be like when you're at your first actuarial job, facing real-world challenges? Is actuarial work something you'd really enjoy? Here's your chance to find out! In this week's video, follow along with me as I complete an Excel activity that mimics real actuarial work! If you enjoyed this video, why not stick around? Hit the subscribe button and bell icon for even more advice on becoming an actuary. If you want to learn more about what TYPE of actuary you want to be, then watch this video next! The 6 Types of Actuaries (Salaries Too): https://lnkd.in/gXzaSm8z