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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Run-off Triangles (also known as Delay Triangle) is a technique used to calculate the reserve in both Property & Casualty and Health Insurance. Different methods that we use to calculate reserves are Basic Chain Ladder Method.…
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Actuarial Science or Chartered Accountancy – which is a better career option? Can we do CA with actuarial science?  Are CA and Actuarial Science a good combination? These are some of the common confusions and dilemmas that pop up in the…
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The ulterior motive of CS2 under the new Actuarial Science curriculum is to give an improved emphasis on the understanding of statistical concepts and its practical implications to our actuarial problems over CT-4 and CT-6 of the old…
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In order to keep ourselves going, we need to adapt to the change with time. The new actuarial curriculum is on its way. Students pursuing actuarial science from IAI are still confused and unaware on how and when one will get an exemption…
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When you buy an insurance policy, you pay the premiums and everything seems so simple. But do you know what the background story behind the product is? How the amount of premium is calculated and how insurance companies survive? Here in…
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In this article, we will compare modules of Actuarial Science CT1 & CT5 vs CM1. The aim of CM1 is to develop an understanding of the mathematical techniques and applying them to various scenarios. CT1 + CT5 = CM1A + CM1B CM1 has taken…
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