One of the major applications of statistics is to estimate the unknown population parameter. For example what is Estimation, a poll may seek to estimate the portion of adult residents of a city who are unemployed. The process of providing…
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The new curriculum of actuarial science is in-force and we are all buckled up. But still, a few actuarial aspirants are confused about how to take exemption from IFoA. There should be no room for worries as the institute has decided to…
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As an employee of the firm, one is always fascinated by the various employee benefits that the firm provides. These benefits lure the employees to work dedicatedly for the organization. Actuarial techniques in pensions and employee…
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Everybody has the above question in mind, in one or the other way, after knowing about Actuarial Science. But, you will truly never know if Actuarial Science is really your thing until you try it. Despite saying this, let’s consider some…
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A portfolio is the collection of investments. Ideally these investments are chosen in such a way to help the investors achieve their financial goals. An investor parks his hard earned money in different financial instruments with an…
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“The radical insight of Behavioural Finance is that people are human” - Werner De Bondt, October 1999 In this article, we will explore the field of Behavioural Finance, which is a small topic in CM2 but resides deep in us. The CM2…
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As rightly said by Leo Buscaglia, ”Change is the end result of all true learning.” Actuarial Science Curriculum 2019 is all set to go. The IFoA is all set to bring a paradigm shift in its educational programme to make the student's…
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There is an island of opportunity in the middle of difficulty. In this article, we will see how the difficulty level of Actuarial exams has changed under the 2019 Curriculum and the opportunity that lies in it for us. For starters, the…
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Profit testing is a technique of assessment of the probability of an insurance contract before it is sold. Paying mortality claims, expenses etc. out of premium every year and the last amount left at the end of the year; its evaluation is…
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No crime is so great as daring to excel. – Winston Churchill Microsoft Excel plays a key role in many sectors among the computer programs which exist. It is the most extensively used spreadsheet program in several business activities,…
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