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Search: Posts Made By: yerromnitsuj
Forum: Careers - Employment Yesterday, 01:34 PM
Replies: 27
Views: 949
Posted By yerromnitsuj
"Problem" was probably the wrong word. I think...

"Problem" was probably the wrong word. I think we agree. Although, a disparity CAN imply discrimination. I would say it doesn't necessarily MEAN discrimination is happening.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM Yesterday, 12:15 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Good point.

Good point.
Forum: Careers - Employment Yesterday, 11:54 AM
Replies: 27
Views: 949
Posted By yerromnitsuj
My anecdotal experience: I only work with...

My anecdotal experience:

I only work with non-Caucasian actuaries in my present job and half are female. At my last job the company itself was 2/3 female and over half of the actuaries were...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-13-2019, 08:00 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Better sleep on that one two or three times.

Better sleep on that one two or three times.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-13-2019, 04:01 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
I'm not worried about that. I'm fully confident...

I'm not worried about that. I'm fully confident they have so many ideas for this exam that I couldn't possibly comprehend at this point, or on exam day.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-13-2019, 03:47 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Did anyone else read Taylor and think, "This...

Did anyone else read Taylor and think, "This paper is full of redundancies with other papers already on the exam, except they're just explained in a notationally and conceptually complex way"? Also,...
Forum: Careers - Employment 02-12-2019, 05:36 PM
Replies: 70
Views: 2,016
Posted By yerromnitsuj
Pro tip: have standard coding where each named...

Pro tip: have standard coding where each named range starts with the a code for the sheet name. Then you can have a bunch of named ranges on each sheet and it's super easy to keep track of what each...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-12-2019, 12:38 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
To confirm, in Verrall estimation variance =...

To confirm, in Verrall estimation variance = parameter variance, right?
Forum: Careers - Employment 02-11-2019, 11:58 AM
Replies: 38
Views: 1,621
Posted By yerromnitsuj
People here are saying no, you're not too old,...

People here are saying no, you're not too old, and they're right. You can definitely get a job and pass exams in your thirties.

But when it comes down to it only you can make the determination if...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-10-2019, 08:59 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Meyers - anyone think it's important to spend...

Meyers - anyone think it's important to spend much time memorizing the forms of the models presented as well as which models violate the requirement for uniformity and how?

Seems most past...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-09-2019, 07:07 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Teng & Perkins TIA Question 1: It says taxes...

Teng & Perkins TIA Question 1:

It says taxes are 4%. It applies a TM of 1.04 (1 + .04). In exam 8 the TM would be 1/(1-.04) = 1.0417. Who's right?
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-04-2019, 12:00 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
For anyone who hasn't gone through the...

For anyone who hasn't gone through the Brehm-related material, it will take you longer than you expect.

It's supposed to take ~20% of the exam, but to me it feels like 40% of my study time.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 02-04-2019, 11:57 AM
Replies: 3,094
Views: 238,661
Posted By yerromnitsuj
Not disputing you necessarily - just trying to...

Not disputing you necessarily - just trying to understand - how is this not just on an anecdotal basis?
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 02-03-2019, 05:52 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
You're gonna love Brehm.

You're gonna love Brehm.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 01-31-2019, 08:00 PM
Replies: 3,094
Views: 238,661
Posted By yerromnitsuj
Definitely haven't seen this. And data...

Definitely haven't seen this. And data scientists suck at insurance without the help of an actuary in my experience.

But yeah, we probably don't need as many new actuaries as we have coming in. I...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-30-2019, 11:46 AM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Wow, that's super confusing. I'm surprised no...

Wow, that's super confusing. I'm surprised no one in the study guides makes the distinction (at least that I noticed). Maybe they don't really understand it either.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-29-2019, 09:13 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Marshall states: "Premium liability CoVs...

Marshall states:

"Premium liability CoVs for long-tail portfolios would normally be higher than outstanding claim liability CoVs for the same portfolios. This is due more to the law of large...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-25-2019, 07:32 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
You're awesome. You know all the things I don't...

You're awesome. You know all the things I don't know. Thanks.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-25-2019, 07:04 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Another question on Shapland. It explains that a...

Another question on Shapland. It explains that a disadvantage of using a CY parameter is that the system of equations underlying the GLM no longer has a unique solution and that if we start with an...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-25-2019, 10:30 AM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
This makes sense, thank you.

This makes sense, thank you.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-24-2019, 09:27 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Shapland in CF, MP #3 We're given a CY...

Shapland in CF, MP #3

We're given a CY parameter. And are asked to find the fitted incremental value m(2,3). The solution says that cell is in calendar year 4. That doesn't make sense to me. ...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-23-2019, 11:28 AM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Yep, I figured it out. Pretty simple answer. I...

Yep, I figured it out. Pretty simple answer. I need to remember we are calculating incremental values, not cumulative values, so we need every value so we can sum them up to get the cumulative...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-23-2019, 11:25 AM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Another thing that has always confused me. From...

Another thing that has always confused me. From Shapland when it is talking about using an N-year weighted average:

"For the ODP bootstrap model, we can calculate L-year average factors instead...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-22-2019, 07:38 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
Oh, Okay. That makes sense. I had a bunch of...

Oh, Okay. That makes sense. I had a bunch of independent concepts floating around in my brain and you connected so much in your couple of posts. Thank you.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 01-22-2019, 04:24 PM
Replies: 847
Views: 52,888
Posted By yerromnitsuj
How is the paramaterization done? Is it done for...

How is the paramaterization done? Is it done for each individual incremental value using all of the simulated results?
Showing results 1 to 25 of 300

 

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