Welcome to the home page of Certificate in Actuarial Software Techniques (CAST). Please find below some useful links related to CAST. For any queries, please contact cast@actuarylife.com. Thanks!
23 Dec 2020

How to create an insurance premium pricing model using Linear Regression, Python and Jupyter

by | posted in: Certificate in Actuarial Software Techniques, Level 1 | 0

Introduction Hello readers! This article is about computation of cattle insurance premium for financial losses of farmers due to Tiger attacks in the Corbett Reserve National Park. These types of calculations are basic for an insurance company to price the … Read More

Markov Chain Model using R
22 Dec 2020

How to generate a model to compute the transition probabilities using Markov Chain

by | posted in: Certificate in Actuarial Software Techniques, Level 1 | 0

This article is about estimating the empirical one step and multi-step transition probabilities using Markov Chain and to build a rewards program for a large airline based on the travel miles. This article will give you an insight on the applications of Markov chain and how it is used in the real life to solve the real business problems using R.

Excel add-in for actuarial functions
26 Nov 2020

How to create an Excel Add-In to build Actuarial Functions

by | posted in: Certificate in Actuarial Software Techniques, Level 1 | 0

This article is about creating the excel add-in to build various actuarial functions like calculating the expected present value of benefit payable under Assurance and Annuity contracts. These are the very basic calculations that every insurance company do to calculate the expected claim amount that need to be paid to the policyholders.

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