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Forum: Exam 7 (new) - Estimation of Policy Liability & ERM Yesterday, 10:21 AM
Replies: 1,978
Views: 77,412
Posted By CuriousGeorge
Yes. There was a past exam that to calculate the...

Yes. There was a past exam that to calculate the BF reserve as the credibility weighted average of CL and a priori. They docked people who did the qxU shortcut because they didn't use the process...
Forum: Non-Actuarial Topics 04-12-2018, 04:39 PM
Replies: 272
Views: 9,951
Posted By CuriousGeorge
I could see it going down either way. "How...

I could see it going down either way.

"How did the police find me? I changed my name!"
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 04-12-2018, 03:55 PM
Replies: 11
Views: 305
Posted By CuriousGeorge
I don't think that "combination" means to use...

I don't think that "combination" means to use both at the same time, just that one of the two methods will cover all the problem spots.
Forum: Non-Actuarial Topics 04-12-2018, 02:19 PM
Replies: 272
Views: 9,951
Posted By CuriousGeorge
I can't help but wonder if kingofants is planning...

I can't help but wonder if kingofants is planning to quit his job and go on the lam to avoid the wrath of the Cook County Courts. Keep an eye out for posts on how hard it is to legally change your...
Forum: Exam 5 (new) - Ratemaking/Reserving 04-12-2018, 10:32 AM
Replies: 596
Views: 53,372
Posted By CuriousGeorge
I had assumed the "no background noise" rule was...

I had assumed the "no background noise" rule was more in the line of music or television playing in the background, or your mother-in-law having a loud conversation with your half-deaf uncle. It's...
Forum: Exam 5 (new) - Ratemaking/Reserving 04-11-2018, 12:18 PM
Replies: 596
Views: 53,372
Posted By CuriousGeorge
Is there something unique to Toronto that creates...

Is there something unique to Toronto that creates noise everywhere? At home, my bedroom and office are quiet. At work, our conference and impromptu rooms are quiet. At Holiday Inn, the hotel room...
Forum: General Actuarial 04-10-2018, 11:00 AM
Replies: 14
Views: 896
Posted By CuriousGeorge
Actuaries have a big impact on quarterly...

Actuaries have a big impact on quarterly financials due to the magnitude of reserves. So there can be disagreements on where to book them between management and actuaries, which can border on...
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 04-04-2018, 04:13 PM
Replies: 1,978
Views: 77,412
Posted By CuriousGeorge
Scaled and standardized are both just different...

Scaled and standardized are both just different adjustments for degrees of freedom?
Forum: Careers - Employment 04-04-2018, 02:10 PM
Replies: 57
Views: 3,443
Posted By CuriousGeorge
No, the men that work there are just rotating...

No, the men that work there are just rotating through a 5 year stint in Bermuda before returning to the US (or wherever). So if you are a Bermudan woman not looking to move to another country, these...
Forum: General Actuarial 04-03-2018, 04:10 PM
Replies: 1,117
Views: 154,935
Posted By CuriousGeorge
I don't think they have many similarities at all.

I don't think they have many similarities at all.
Forum: General Actuarial 03-22-2018, 09:27 PM
Replies: 72
Views: 3,534
Posted By CuriousGeorge
How hard did you work to get your MAAA? Mine was...

How hard did you work to get your MAAA? Mine was only about 20 minutes of work.
Forum: Property - Casualty / General Insurance 03-21-2018, 11:47 AM
Replies: 14
Views: 832
Posted By CuriousGeorge
Depends on what you did in the frequency part.

Depends on what you did in the frequency part.
Forum: General Actuarial 03-21-2018, 11:45 AM
Replies: 72
Views: 3,534
Posted By CuriousGeorge
PLENTY of actuaries don't get their MAAA, or wait...

PLENTY of actuaries don't get their MAAA, or wait until they may need it at some point in the future.

While some of the things that the AAA do are valuable to the actuarial profession, the benefit...
Forum: Non-Actuarial Personal Finance/Investing 03-19-2018, 01:40 PM
Replies: 25
Views: 1,813
Posted By CuriousGeorge
If the friction is low, you can validate a...

If the friction is low, you can validate a greater number of transactions in the same time, so the reward per validation doesn't need to be as high. I think.

And if it is low enough, you could...
Forum: General Actuarial 03-19-2018, 12:21 PM
Replies: 1,117
Views: 154,935
Posted By CuriousGeorge
When discussing the SOA, whether the staff knows...

When discussing the SOA, whether the staff knows the difference between compose and comprise is probably the least of our worries.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 03-18-2018, 09:04 PM
Replies: 1,978
Views: 77,412
Posted By CuriousGeorge
Isn't the runoff triangle the expected future...

Isn't the runoff triangle the expected future losses, i.e. what you are trying to estimate with the reserves, or the unpopulated cells in a block of AYs?
Forum: Property - Casualty / General Insurance 03-16-2018, 05:10 PM
Replies: 2,011
Views: 228,116
Posted By CuriousGeorge
Probably not, but a Tesla on autopilot flat out...

Probably not, but a Tesla on autopilot flat out ran into a parked fire truck, and I don't think suing Tesla was ever even discussed.
Forum: General Actuarial 03-16-2018, 05:05 PM
Replies: 22
Views: 1,785
Posted By CuriousGeorge
I've had to do that before. 5 year P&L, plus...

I've had to do that before. 5 year P&L, plus balance sheet. So I was forced to project UPR balances, case reserves, and IBNR. :exams:
Forum: Property - Casualty / General Insurance 03-16-2018, 11:37 AM
Replies: 2,011
Views: 228,116
Posted By CuriousGeorge
Sure you can. It's a crime not to disengage...

Sure you can. It's a crime not to disengage autopilot and prevent your car from doing something dangerous or illegal. Even if I have adaptive cruise control on my car, it's still my responsibility...
Forum: Property - Casualty / General Insurance 03-16-2018, 11:12 AM
Replies: 2,011
Views: 228,116
Posted By CuriousGeorge
The same party that is responsible if a...

The same party that is responsible if a self-driving car runs someone over.

Either the driver is responsible for the safe and legal operation of the vehicle, or they aren't. You can't have it...
Forum: General Actuarial 03-11-2018, 10:14 PM
Replies: 22
Views: 1,785
Posted By CuriousGeorge
Long Term Care and Disability Income.

Long Term Care and Disability Income.
Forum: Exam 7 (new) - Estimation of Policy Liability & ERM 03-09-2018, 09:43 AM
Replies: 1,978
Views: 77,412
Posted By CuriousGeorge
Siewert question: 2011 #6 (Apparently it was...

Siewert question: 2011 #6 (Apparently it was unsolvable as written, and TIA changed the 1.25 LDF to 1.4 to make it possible).

The question asks for the IBNR for losses above the deductible.

1....
Forum: Careers - Employment 03-08-2018, 02:02 PM
Replies: 109
Views: 7,686
Posted By CuriousGeorge
They are saving over $40K a year. $36K in 401(k)...

They are saving over $40K a year. $36K in 401(k) accounts, and then they still have a $7K surplus after their expenses. Doesn't seem like a bad plan to me.
Forum: General Actuarial 03-08-2018, 09:44 AM
Replies: 22
Views: 2,151
Posted By CuriousGeorge
When the marginal benefit doesn't exceed the...

When the marginal benefit doesn't exceed the cost. If you plan to spend the next 30 years as an actuary, then stopping at ASA puts a real kink in your likely career path. Dealing with exams for...
Forum: Non-Actuarial Topics 03-07-2018, 10:40 AM
Replies: 71
Views: 2,604
Posted By CuriousGeorge
Yeah, that's weird, but good luck!

Yeah, that's weird, but good luck!
Showing results 1 to 25 of 300

 

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