Actuarial Society of Malaysia’s Post

There are many components of the Coaching Actuaries platform which make it excellent for actuarial exam preparation, but my favourite must be the Earned Level system. As part of the Adapt package's practice exams, your Earned Level is a measure of your proficiency with respect to the exam material. It determines the difficulty of the questions you are presented on practice exams, and the results of your practice exams will modify your Earned Level accordingly. It's hard to describe why this system is so effective in detail without knowing what's going on under the hood. What I can attest to is that your Earned Level tunes the difficulty curve of your practice exams to perfection. It ensures that at any given moment, the questions you face are challenging enough to learn from without being insurmountable. In this sense, the Earned Level system maximizes your rate of meaningful progression, and optimizes the path to exam readiness.

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

"The Code allows us to uphold the reputation of the actuarial profession, permitting our profession to continue to be self-regulated." Need a refresher on the Code of Professional Conduct? Check out my article in the latest issue of the Casualty Actuarial Society #ActuarialReview! In this part one (of two), I outline the history of the Code and describe the first six precepts, including examples of potential violations. Feel free to reach out with any actuarial professionalism questions you have! #actuary #professionalism

Good luck to all Actuarial candidates!  You've worked so hard to get to this point, so trust in your preparation and believe in yourself. Stay calm, stay focused, and remember—this is just one step in your journey. You've totally got this! We know exam day can feel a little overwhelming, but with the right mindset and preparation, you'll be just fine. To help you feel more confident, here are 7 simple tips to keep in mind for exam day:

With two weeks before registration and entries close, Shubhi Bhargava explains more about the Actuarial Innovation Challenge 2024 and why such competitions can benefit future actuarial careers

🤔Why is actuarial science one of the least known yet most impactful professions? 1. Niche and Specialized: Focused on risk management and finance, it’s a field few encounter directly. 2. Low Media Visibility: Unlike doctors or lawyers, actuaries rarely feature in mainstream media. 3. Confusion with Other Fields: Many mistake actuarial work for accounting or finance, missing its unique role. 4. Small Community: A limited number of actuaries means less public exposure. 5. Challenging Path: The rigorous exam process keeps the profession exclusive. 6. Behind-the-Scenes Role: Actuaries work in corporate settings, often out of the public eye. It’s time we spotlight this profession that quietly ensures financial stability across industries!

As an actuary, you seldom have the information required to solve a problem with certainty. Nonetheless, you need to present your best solution. The ability to make decisions based on incomplete information is one of the most important skills an actuary can possess. Depending on your mindset, developing this skill can be intimidating. Much of our academic training leads us to believe that problems have “right” or “wrong” solutions. But this distinction is not so clear in practice. Consider loss reserving as an example. While there are an unlimited number of “wrong” ways to estimate loss reserves, there is no single “right” approach. Making decisions based on incomplete information can be a messy process. In this way, it mirrors life: you have to do the best with what you’ve got. Nonetheless, there are ways to optimize this process. Here two tips to help become comfortable making decisions under uncertain conditions: #1 Sensitivity test assumptions. Suppose you estimate loss reserves at $10 million. What are the assumptions underlying your estimate? How would your estimate change if your assumptions changed by X%? Routinely sensitivity testing assumptions will give you a sense for how much sway they have. Once you have identified the most influential assumptions, refine your focus accordingly. #2 Look at the implications inherent in selected estimates. Once you select an actuarial estimate, you can calculate the assumptions implicit in your selection. For example, what is the implied reported loss development pattern underlying your estimate of IBNR? How does this compare to historical development patterns? By reverse-engineering your own estimates, you can gain a comfort level by comparing the implicit assumptions to comparable benchmarks. What techniques do you use to get comfortable with estimates based on incomplete information?

I’m happy to share that I have successfully passed my final actuarial exam, that being the N311.03 (Model Documentation Analysis and Reporting) exam! I am so excited as to what the future holds as I continue on my actuarial journey! #AcademicallyQualfied #RoadToFASSA

“Embracing continuous learning and staying abreast of industry trends are key to maintaining our edge in actuarial consulting. Let’s start our week with a commitment to excellence and growth! #MondayMotivation #ActuarialExcellence #LifelongLearning”

🤔 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