Introduction Actuarial science is a field of study that combines mathematics, statistics, economics, and finance to assess and manage risk in various domains. Actuaries, professionals trained in this discipline, play a crucial role in evaluating and predicting future events, such … Read More
Here’s a list of 30 technical questions and answers that could be asked in an entry-level actuarial job interview. These questions are technical in nature and provide a technical view of the actuarial profession. For a list of general questions, … Read More
Here’s a list of 30 general questions and answers that could be asked in an entry-level actuarial job interview. These questions are general in nature and provide an overall view of the actuarial profession. For a list of more technical … Read More
ActuaryLife has conducted a training program for the students of Amity School of Insurance, Banking, and Actuarial Science. The online training program was conducted by H Vikram Arora, CEO, ActuaryLife on 27th July 2021. The training program was focused on … Read More
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
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.
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.
ActuaryLife offers a new webinar to learn to build an Annuity Calculator using R programming language. The main objectives of this webinar are: To understand user defined functions To perform basic arithmetic calculations to solve a business problem To learn … Read More