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Preparing for actuarial exams can be challenging, but with the right strategies and resources, success is within reach! Dive into our latest revision tips and master complex concepts one step at a time. 💼📈 #TheAcademicJunction #ActuarialScience #ActuaryExams #IAI #RevisionTips #DataAnalytics #RiskManagement #StudySmart #ActuarialJourney #Insurance #FinancialModelling https://lnkd.in/dQdnUXaB

Already explored our Banking & Finance category? 😎 With the rising demand for actuarial experts across the #finance industry, more and more #actuaries face questions regarding #investment and finance. 💰 ➡ Dive into the latest #insights from the Institut des actuaires, Society of Actuaries In Ireland, and the EAA – European Actuarial Academy GmbH and find all your answers here: https://lnkd.in/e48zzk7M

Let’s build the Actuarial profession together.

The Failing Actuary Challenge 😋 I'm a qualified Associate Actuary and failed 20 exams to get here. Rules: Only qualified Actuaries can participate. You only allowed to state the number of failed attempted exams. Lets normalise failure and show support to the student community. It's better to keep failing and qualify than to cheat. Tag your Actuary friends in the comments to challenge them. Actuarial Society of South Africa (ASSA) Institute and Faculty of Actuaries #FailingActuary #SayNoToCheating #FailingTowardsSuccess #KeepItGoing

📍How we use brokerage firms in Actuarial Mathematics ? In actuarial mathematics, brokerage firms are instrumental in managing investments, assessing risk, and ensuring long-term financial security for insurance and pension products. Here's how brokerage firms are utilized in actuarial mathematics: 1️⃣Risk Management and Hedging: #Actuarial_Mathematics: Actuaries use mathematical models to assess and mitigate risks such as longevity risk (the risk that policyholders live longer than expected) or market risk (investment returns being lower than expected). #Brokerage_Firm's Role: Brokerage firms provide derivative products like options and futures contracts, which actuaries use to hedge against potential losses in portfolios. 2️⃣Asset-Liability Management (ALM): #Actuarial_Mathematics: Actuaries focus on ensuring that the assets held by an insurance company or pension fund are sufficient to meet future liabilities. This requires matching the timing and value of cash inflows (from investments) to cash outflows (such as insurance claims or pension payments). #Brokerage_Firm's Role: Brokerage firms help actuaries implement Liability-Driven Investment (LDI) strategies by offering financial products that provide the right mix of cash flow to cover future liabilities. They also provide bonds, stocks, and other financial products that can be aligned with the actuarial projections for liabilities. 3️⃣Mortality and Longevity Products: #Actuarial_Mathematics: Actuaries use life tables, mortality rates, and probabilistic models to price insurance products and pension benefits. These calculations are essential for understanding how long clients are likely to live and, therefore, how long payouts may need to continue. #Brokerage_Firm's_Role: Through brokerage firms, actuaries can access longevity bonds and life settlements. These financial instruments are designed to hedge against the risk of individuals living longer than expected, ensuring that companies remain solvent even when payouts extend beyond their initial projections. 4️⃣ Stochastic Modeling and Scenario Analysis: #Actuarial_Mathematics: Actuaries use stochastic models to simulate various scenarios and calculate the likelihood of different financial outcomes. For example, they might model how different economic conditions affect the ability of a pension fund to meet its obligations. #Brokerage Firm's Role: Brokerage firms offer access to diversified portfolios that allow actuaries to run scenario analyses and simulations using real-world investment options. By analyzing different asset classes available through the brokerage, actuaries can assess how various investment strategies hold up under different economic conditions. In summary, brokerage firms act as essential partners for actuaries by providing the financial products and market access required to implement actuarial strategies effectively. #Actuarial_Mathematics #Brokerage_Firm #financial #actuaries #mortality

Good News for Actuarial sector

CAS vs SOA - which actuarial society should you choose? 🤔 Choosing which society you want to take exams through is based on which actuarial field you want to go into. If you're an actuarial student and are unsure which actuarial path you want to take (life, health, property/casualty, or consulting), you fortunately don’t have to decide until after you pass the P and FM exams 🤓 ❗An important consideration is that the SOA is the only one that offers UEC credit, which allows you to pass exams faster. Learn more here: https://lnkd.in/gdyQciuS --------------------- #actuary #actuarial #actuarialexams #actuaries #cas #soa

For my municipal peeps (and others too), the actuarial language can be daunting despite our best efforts to make it understandable. Stephanie Irvin, MBA on our team has put together a great "Actuary Vocabulary" guide to help you become bilingual in both Actuary & English. So, when you're reviewing that pension or OPEB report and the language seems confusing (hopefully not our report), I encourage you go give this a read. https://lnkd.in/gjkMheBp #actuary #OPEB #Pension #GASB #Municipal #stateandlocal

The Modern Feudalism: Economic Parasitism in Contemporary Society In the modern economic landscape, a disturbing trend of exploitation and systemic extraction of wealth from the productive to the bureaucratic and regulatory sectors is clearly evident. This essay delves into the corrosive roles played by bankers, insurers, accountants, auditors, and lawyers, revealing a modern form of feudalism under the guise of stability and service. Bankers position themselves as custodians of the farmer’s hard-earned money, promising safety and liquidity. However, in reality, this is a facade; the funds are merely numbers that fluctuate on screens, rapidly depleted by fees and high-interest rates under the pretense of risk management. This practice exemplifies the deception at the core of fractional-reserve banking. Insurance agents peddle policies with the promise of risk mitigation, but the contracts are labyrinths of clauses that ultimately benefit the insurer. When disaster strikes, the farmer finds himself entangled in red tape, receiving minimal payouts that hardly cover losses, leaving him even more vulnerable to future adversities. Regulatory consultants have carved out a niche, exploiting the complexity of environmental and fertilizer regulations. They act as modern-day tollkeepers, charging the farmer for passage through the legal hurdles necessary to continue his livelihood. Accountants are enlisted to navigate the farmer through the quicksand of financial regulations, bleeding him dry under the guise of compliance and fiscal prudence, yet adding no real value to his agricultural output. Auditors enter the scene under the banner of fiscal integrity but often serve merely to discover and penalize financial discrepancies. Their activities seem more focused on generating fees through penalties rather than helping the farmer achieve a healthier economic standing. Lawyers thrive in the murky waters of legal language, crafting contracts filled with esoteric clauses designed to trap the farmer in an endless cycle of dependency and litigation, each interaction siphoning off more of his dwindling resources. These professionals often congregate informally, like on golf courses, scheming over new ways to ensure their services remain indispensable. Their discussions, far removed from the dusty reality of the fields, lead to the crafting of ever more byzantine regulations that serve only to justify their parasitic existence. They cloak their economic predation in the complex language of Keynesian economics and other interventionist theories, which argue for heavy regulation and governmental oversight supposedly aimed at economic stability. In truth, these theories merely provide cover for practices that redistribute wealth upwards and erode the economic base of actual producers.

Actuaries are in high demand globally, with employment projected to grow by 18% between 2020 and 2030, much faster than the average for all occupations (U.S. Bureau of Labor Statistics). Did you know that the field of actuarial science has been growing steadily over the years, playing a crucial role in the financial stability of businesses and institutions worldwide? Imagine the complex calculations and data analysis involved in managing risks and uncertainties. But have you ever wondered where actuaries find the latest research and insights to enhance their practices? The Journal of Actuarial Research, hosted by CARI Journals, is here to provide answers to these questions and more. https://lnkd.in/d3_gimtf