Discover and read the best of Twitter Threads about #actuaries

Most recents (5)

#Actuarial Risk Management of Pension Funds is a highly specialized field.
This work needs both knowledge and understanding of #Actuarial #Mathematical Methods and #Financial Risk Models.
#LDI (Liability driven investing) & CDI(Cashflow Driven Investing) have unique feature risks
Also, #ILS Insurance-Linked Securities and ART Alternative Risk Transfer Products are other asset classes which need a new set of risk management skillsets, which includes both actuarial maths and an enhanced understanding of NAT CAT Events with combined effects.
Actuaries and Risk Managers must master the craft and science of side-pocket investing in the Insurance Securities Market based on Risk Transfer Methods applied.
Read 6 tweets
Interviewed a fully qualified #actuary from the @SOActuaries professional body, who really impressed me!
It goes on to show that not all mathematically inspiring and charismatic blokes are dull at understanding the subtle qualitative aspects of business #risk and transactions.
Actually, I do offer my services as a recruiter aka professional headhunter and knowledge capital developer, in addition to teaching Talent Management at staff colleges across financial institutions
I often get twirled when I have to choose between Financial Engineers & Actuaries
Mostly, for Front Office Risk Management roles, Financial Engineers, Financial Mathematicians, and Quantitative Economics or Finance Risk, etc candidates get preference
For Middle Office and other Risk Sub-Silos Roles, Actuaries compete with other Quants coming from hard sciences
Read 14 tweets
How can I start a career in #risk management in the financial services industry?
@GARP_Risk @PRMIA @RIMSorg @actuarynews @SOActuaries @CQFInstitute @CFAinstitute
I believe they are many degrees that can be a good value for money, provided you know where you would like to work in the long run.
In the developing world markets, employers still don't appreciate highly technical education in risk, actuarial sciences, financial engineering, quantitative economics, machine learning, etc.

For them, an #MBA is a be-all and an end-all troubleshooter.
Read 22 tweets
useful lecture for those who are interested in applying statistical knowledge to problem-solving in risk management, insurance, financial engineering, banking, and actuarial mathematics and modelling.
The biggest problem faced by the statisticians is that they over-rely on the computational characteristics of the Bell-shaped Normal Distribution Model.
Read 4 tweets
We already do. And not just in #health.

Matthew mentions the #QALY ('Quality-Adjusted Life Year') that, via #NICE, is currently valued at between £20-30k - but QALYs are used, and valued differently, across different Gov't Departments too: qna.files.parliament.uk/qna-attachment…
Meanwhile, 'in the private sector', #insurance payouts for #death remain significantly lower than for debilitating #injury, cf. #JudicialCollegeGuidelines: quittance.co.uk/personal-injur… and legislation like the Fatal Accidents Act 1976: legislation.gov.uk/ukpga/1976/30/…

So maybe, rather than...
...haggle, posture and virtue signal over numbers on which no-one will ever agree, but which #actuaries, #algorithm makers and #AI trainers WILL inevitably use, we should focus on far more meaningful debates - like what we want '#SocialCare' to actually mean?
Read 3 tweets

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