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Showing results 1 to 25 of 43
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Search: Posts Made By: v10
Forum: Finance - Investments 05-30-2018, 10:08 AM
Replies: 36
Views: 11,449
Posted By v10
Thanks Campbell! This is all very interesting and...

Thanks Campbell! This is all very interesting and helpful for understanding the issue. And as a NJ resident and taxpayer, pretty concerning.
Forum: Finance - Investments 05-29-2018, 03:06 PM
Replies: 36
Views: 11,449
Posted By v10
I don't work in pensions, or politics (which may...

I don't work in pensions, or politics (which may be the real area of expertise for this question).

But what do people see as the (i) ideal outcome and (ii) the most likely outcome?

Will the...
Forum: Careers - Employment 02-28-2018, 02:02 PM
Replies: 45
Views: 3,288
Posted By v10
Not quite. Historically advertisers would pay a...

Not quite. Historically advertisers would pay a premium to put their ads in a high-volume location. In these days marketers have gotten smarter. Instead they try and target their ads to only those...
Forum: Careers - Employment 02-28-2018, 09:20 AM
Replies: 45
Views: 3,288
Posted By v10
My guess is FB collects ~100% of their revenue...

My guess is FB collects ~100% of their revenue through advertisements and Google collects 98%+. All the other cool stuff Google does is subsidized by their core business (selling ads on the...
Forum: Careers - Employment 02-27-2018, 05:49 PM
Replies: 45
Views: 3,288
Posted By v10
I'm actually surprised people on this forum...

I'm actually surprised people on this forum aren't more "for" insurance. I am not saying I went into the profession to the make the world a better place (saw the salary surveys), but I do think the...
Forum: Careers - Employment 12-28-2017, 04:53 PM
Replies: 10
Views: 911
Posted By v10
I agree 100% with this. That combination could be...

I agree 100% with this. That combination could be very helpful for someone in senior management dealing with company-wide strategy, run off business, reinsurance purchases, acquisitions/sales, etc.
Forum: Property - Casualty / General Insurance 12-26-2017, 11:07 AM
Replies: 3
Views: 653
Posted By v10
Maybe ISO has something on this in their...

Maybe ISO has something on this in their territory filings? But I suspect contiguous territories are used to satisfy regulators and predictive accuracy isn't much of a consideration.
Forum: Property - Casualty / General Insurance 12-14-2017, 11:12 AM
Replies: 4
Views: 829
Posted By v10
Metromile is pretty close to a legit pay-per-mile...

Metromile is pretty close to a legit pay-per-mile program. There is a relatively small fixed premium and the rest is exactly proportional to the miles driven. I assume they have to have a rate...
Forum: General Actuarial 10-10-2017, 01:35 PM
Replies: 36
Views: 14,858
Posted By v10
Interesting that two Nobel award winning...

Interesting that two Nobel award winning economists (Thaler and Friedman) had considered becoming actuaries. Or at least their parents considered in Thaler's case.
Forum: Software & Technology 09-29-2017, 01:07 PM
Replies: 1
Views: 612
Posted By v10
This is a different 'CAS', but it could be...

This is a different 'CAS', but it could be helpful. Its the companion package to the book 'Computational Actuarial Science' and has many datasets that would be very helpful for practice modeling...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 07-25-2017, 12:21 PM
Replies: 2,109
Views: 203,739
Posted By v10
Regarding question 25.b.: I am not convinced that...

Regarding question 25.b.: I am not convinced that a capital infusion would increase overall demand of insurance. I could see a policyholder preferring a better capitalized insurer relative to other...
Forum: Property - Casualty / General Insurance 07-19-2017, 04:55 PM
Replies: 19
Views: 4,648
Posted By v10
Thanks for pointing this out AMedActuary!

Thanks for pointing this out AMedActuary!
Forum: Property - Casualty / General Insurance 07-18-2017, 12:05 PM
Replies: 19
Views: 4,648
Posted By v10
In R: the bayesglm() function in the arm package...

In R: the bayesglm() function in the arm package is awesome and much quicker than using STAN/JAGS for a simple bayesian GLM.

https://cran.r-project.org/web/packages/arm/arm.pdf
Forum: Careers - Employment 07-06-2017, 03:14 PM
Replies: 34
Views: 5,000
Posted By v10
I cant believe the SOA actually put that up. ...

I cant believe the SOA actually put that up. More succintly (and honestly), they could've said

1. Insurance Pricing
2. Insurance Reserving
Forum: Careers - Employment 02-22-2017, 11:45 AM
Replies: 15
Views: 1,489
Posted By v10
Don't most hiring companies compensate you for...

Don't most hiring companies compensate you for your expected bonus at your prior employer? That was the case for my only actuarial-actuarial move and it took away any incentive for me to stay at the...
Forum: Careers - Employment 07-29-2016, 03:58 PM
Replies: 98
Views: 8,821
Posted By v10
I agree, but I think there are more reasons than...

I agree, but I think there are more reasons than just regulatory scrutiny to explain actuary's preference for transparent models.

The generally small lift in predictive accuracy provided by "black...
Forum: Careers - Employment 06-10-2016, 11:51 AM
Replies: 159
Views: 17,362
Posted By v10
I think I'd count myself in category 2...

I think I'd count myself in category 2 (admittedly, maybe I deserve to be in category 1, depending on who you talk to). Here's some things I like about SAS and specifically SAS in EGP:

1. I like...
Forum: Careers - Employment 11-23-2015, 02:00 PM
Replies: 70
Views: 5,148
Posted By v10
I've heard of several actuaries transitioning...

I've heard of several actuaries transitioning over to Credit Risk Modeling. It seems to be the one area in (non-insurance) finance that hiring managers accept actuarial skills as being transferable....
Forum: Careers - Employment 11-06-2015, 05:05 PM
Replies: 82
Views: 5,228
Posted By v10
I've worked at two large P&C employers and at...

I've worked at two large P&C employers and at both places everyone, besides the most senior people, has had to be at least proficient in SAS/SQL. Then if your doing modeling work you'll use R as well...
Forum: Careers - Employment 10-09-2015, 04:24 PM
Replies: 44
Views: 3,054
Posted By v10
Seriously inspiring. Thanks BassFreq!

Seriously inspiring. Thanks BassFreq!
Forum: Property - Casualty / General Insurance 09-09-2015, 04:23 PM
Replies: 5
Views: 813
Posted By v10
"Robust regression" methods use different penalty...

"Robust regression" methods use different penalty functions in an effort to minimize the impact of outliers.
Forum: Property - Casualty / General Insurance 08-11-2015, 04:06 PM
Replies: 5
Views: 997
Posted By v10
P.S. Does anyone use ARIMA for loss trend? It...

P.S. Does anyone use ARIMA for loss trend? It seems that exactly address the type of data we have with trend (seasonality, cycles, overral TREND).
Forum: Property - Casualty / General Insurance 08-11-2015, 03:57 PM
Replies: 5
Views: 997
Posted By v10
Yea, the coefficient is still unbiased (aka the...

Yea, the coefficient is still unbiased (aka the trend you get is still correct). However, the errors are now correlated.

This paper addresses this:...
Forum: Property - Casualty / General Insurance 04-29-2015, 12:12 PM
Replies: 8
Views: 1,157
Posted By v10
Thanks for the suggestions and clarifying points!

Thanks for the suggestions and clarifying points!
Forum: Property - Casualty / General Insurance 04-22-2015, 06:51 PM
Replies: 8
Views: 1,157
Posted By v10
Ultimately the 'trend' will be applied to...

Ultimately the 'trend' will be applied to accident year losses.

However, I am aggregating loss for the trend analysis by report year for the reasons mentioned above.
Showing results 1 to 25 of 43

 

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