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Forum: Exam 9 - Financial Risk & Rate of Return Yesterday, 04:52 PM
Replies: 8
Views: 3,991
Posted By CuriousGeorge
New money yield is the yield you are going to get...

New money yield is the yield you are going to get on the assets that are just coming in the door and are getting invested at that time.

When you are talking about life annuities (which I know we...
Forum: Exam 9 - Financial Risk & Rate of Return 01-19-2020, 03:56 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
Good to hear.

Good to hear.
Forum: Exam 9 - Financial Risk & Rate of Return 01-19-2020, 03:55 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
BKM is a book that you buy.

BKM is a book that you buy.
Forum: Exam 9 - Financial Risk & Rate of Return 01-18-2020, 05:07 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
Just finished reading the last paper. Those rate...

Just finished reading the last paper. Those rate of return papers are brutal. Not sure I got much out of them.
Forum: Non-Actuarial Topics 01-15-2020, 12:51 PM
Replies: 29
Views: 560
Posted By CuriousGeorge
I had one in Mesa Verde and the toppings were so...

I had one in Mesa Verde and the toppings were so liquid, it pretty much ruined it. My aunt was a nurse on one of the Navajo reservations, so I got exposed to them as a kid when we visited and I love...
Forum: Non-Actuarial Topics 01-14-2020, 05:43 PM
Replies: 156
Views: 2,633
Posted By CuriousGeorge
The criminal [person who acts against a law]...

The criminal [person who acts against a law] can't have done anything other than commit the crime, but the law-abiding person will adjust their behavior based on the existence of the law.

When you...
Forum: General Actuarial 01-14-2020, 11:12 AM
Replies: 8
Views: 442
Posted By CuriousGeorge
Lapsing CPD if you are not in an actuarial role...

Lapsing CPD if you are not in an actuarial role is pretty common, IME.
Forum: Exam 9 - Financial Risk & Rate of Return 01-13-2020, 12:16 PM
Replies: 17
Views: 3,682
Posted By CuriousGeorge
I never make it through more than one pass. So...

I never make it through more than one pass. So for each reading:

1. Read the text if I am not too far behind schedule. In practical terms, this means read the first 1/3 of the readings.
2. Go...
Forum: General 01-12-2020, 05:50 PM
Replies: 4
Views: 347
Posted By CuriousGeorge
They could, but they don't. So you work with how...

They could, but they don't. So you work with how your program is set up. They expect you to put in sufficient of your own time to be prepared, in return for the time they are giving you. If you...
Forum: Careers - Employment 01-12-2020, 03:09 PM
Replies: 9
Views: 643
Posted By CuriousGeorge
If you don't even get your associateship, you are...

If you don't even get your associateship, you are limiting yourself to positions where you don't have to make statements of actuarial opinion. It also limits your job prospects for changing...
Forum: Pension - Social Security 01-10-2020, 04:34 PM
Replies: 665
Views: 247,406
Posted By CuriousGeorge
All it takes is one radical medical breakthrough...

All it takes is one radical medical breakthrough in the next 100 years, I guess.
Forum: Exam 8 - Advanced Ratemaking 01-10-2020, 04:32 PM
Replies: 1,957
Views: 217,737
Posted By CuriousGeorge
Of course, nobody is infallible, but it's hard to...

Of course, nobody is infallible, but it's hard to argue that the author of the paper isn't the definitive source on what they meant when they wrote X.
Forum: Exam 8 - Advanced Ratemaking 01-10-2020, 02:28 PM
Replies: 1,957
Views: 217,737
Posted By CuriousGeorge
But when Einstein writes a book about physics,...

But when Einstein writes a book about physics, and you are tested on your mastery of the material in Einstein's book, and Einstein says the test question was flawed....
Forum: Exam 8 - Advanced Ratemaking 01-09-2020, 01:41 PM
Replies: 1,957
Views: 217,737
Posted By CuriousGeorge
That was what came to my mind. I think he said...

That was what came to my mind. I think he said the question completely misinterpreted the text it was based on (which he wrote).
Forum: Careers - Employment 01-09-2020, 01:03 PM
Replies: 107
Views: 4,968
Posted By CuriousGeorge
Well, old actuaries do tend to be experienced. ...

Well, old actuaries do tend to be experienced.

Which is why you don't have the experienced actuaries doing entry-level work. Experienced actuaries are a deep, deep well. I've known experienced...
Forum: Exam 7 - Estimation of Policy Liability & ERM 01-08-2020, 04:19 PM
Replies: 361
Views: 34,349
Posted By CuriousGeorge
Pretty sure pure IBNR is also in claims...

Pretty sure pure IBNR is also in claims liabilities.
Forum: Exam 9 - Financial Risk & Rate of Return 01-08-2020, 03:34 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
Every point on the CAL is a linear combination of...

Every point on the CAL is a linear combination of X% risky and (1-X)% risk-free. X can increase indefinitely, as Abomb points out. If you use a negative X%, you are short-selling the risky...
Forum: Exam 9 - Financial Risk & Rate of Return 01-08-2020, 12:30 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
First is correct, CC's summary is just...

First is correct, CC's summary is just over-simplifying. It's the risk-free rate [that you would need in order to be agnostic about which to invest in].

CAL is the graph of returns and volatility...
Forum: Exam 7 - Estimation of Policy Liability & ERM 01-08-2020, 10:39 AM
Replies: 361
Views: 34,349
Posted By CuriousGeorge
I think it's literally in the first paragraph of...

I think it's literally in the first paragraph of the reading.
Forum: Exam 7 - Estimation of Policy Liability & ERM 01-07-2020, 02:13 PM
Replies: 361
Views: 34,349
Posted By CuriousGeorge
It's the collective loss ratio reserve. I...

It's the collective loss ratio reserve. I "think" the burning cost part refers to the fact that it is based on an a priori estimate, which is "burned off" over time, with only an unpaid portion...
Forum: Careers - Employment 01-07-2020, 12:37 PM
Replies: 75
Views: 4,002
Posted By CuriousGeorge
I don't expect to retire before 65. I save, but...

I don't expect to retire before 65. I save, but I'm not super aggressive, and I have plenty of expenses with the kids. And being an actuary isn't a bad job if you're going to work.
Forum: Exam 9 - Financial Risk & Rate of Return 01-02-2020, 02:58 PM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
I'm not good with options, but maybe this quote...

I'm not good with options, but maybe this quote from Goldfarb helps?

This method [Meyers-Read] is designed to allocate a set amount of capital and so it does not necessarily specify what
that...
Forum: Resume & Cover Letter Advice Forum 01-02-2020, 02:53 PM
Replies: 11
Views: 517
Posted By CuriousGeorge
I would lean toward this, if it is at all...

I would lean toward this, if it is at all comparable to the 3.7.
Forum: Exam 9 - Financial Risk & Rate of Return 01-02-2020, 10:43 AM
Replies: 341
Views: 39,566
Posted By CuriousGeorge
Well, my goal with the early start was to get...

Well, my goal with the early start was to get through all the readings by the new year. I'm through about 2/3 of it, so not great, but definitely a jump on things.
Forum: General Actuarial 01-02-2020, 10:40 AM
Replies: 64
Views: 5,112
Posted By CuriousGeorge
Also, if you think about underwriters and...

Also, if you think about underwriters and pharmtechs, these are basically customer-facing service positions. So as you write more business or open new pharmacies, you basically have to scale up...
Showing results 1 to 25 of 300

 

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