Recently a colleague overhead me explaining what I did to a waiter in a restaurant. She told me I should have pointed him to this youtube clip: What is an Actuary? Not sure if I entirely agree that an actuary takes your risk away, but it’s not a bad start.Continue Reading
So far I haven’t managed to kill the entire world population… but I’m getting there. Plague Inc is a strategy game in which you “must bring about the end of human history by evolving a deadly, global Plague whilst adapting against everything humanity can do to defend itself.” It’s aContinue Reading
You may have noticed that the US had an election this week. If you have any interest in statistics, you may also have noticed an election blogger at the NY Times called Nate Silver. The Economist summarises the story: The 2012 presidential election went exactly as predicted by the leading quantitative analysts.Continue Reading
In a previous post, I wondered whether Appointed Actuaries were moving into a compliance role, partly driven by the new ICAAP requirements from APRA for insurance companies. Well I’m not the only one who has been thinking about the role of Appointed Actuaries. We had a session at the ActuariesContinue Reading
The Stronger Super reforms are the biggest change to superannuation in Australia since the introduction of the superannuation guarantee 20 years ago. The changes are aimed at improving the integrity of the superannuation system, and to provide a better deal for super members who do not manage their own funds.Continue Reading
As insurance companies start to implement ICAAP ahead of the 1 January 2013 deadline next year, they are thinking through what best practice looks like; not necessarily to implement it now, but to try to move in the right direction. One aspect of the new standards which is new from a regulatoryContinue Reading
As if life and general insurance capitals changes weren’t enough, PHIAC has released an initial consultation paper on changes to health insurance standards. In this guest post, health actuaries David Torrance and Ben Ooi have more: PHIAC has released a Capital Standards Review Consultation Package with responses due by 1Continue Reading
A roundup of links that I’ve found of interest this week. Some Daniel Kahnemen links: Tim Harford interviews psychologist Daniel Kahneman, who won the Nobel Prize in Economics, and Jonah Lehrer from the New Yorker quotes some of Daniel Kahnemen’s research on Why Smart people are Stupid, and a summaryContinue Reading
Reading Bruce Schneier’s new book Liars and Outliers: Enabling the Trust that Society Needs to Thrive (reviewed here) made me think about the management of a life insurance company using a security lens. And underwriting is the part of a life insurance company’s management that lends itself most to a securityContinue Reading
Here’s a roundup of interesting links I’ve seen this week: The speed of light is too slow! New Scientist article about traders choosing microwaves to transmit trading instructions ahead of fibre optic cable – light is slowed by a significant amount by the cable. Giving people permission to fail –Continue Reading
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