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Search: Posts Made By: jerrytuttle
Forum: General Actuarial Today, 03:35 PM
Replies: 63
Views: 2,929
Posted By jerrytuttle
Does someone have a suggestion of a link to an...

Does someone have a suggestion of a link to an example of a data scientist's report on insurance, of someone who is not an actuary? I don't have a good sense of what kind of insurance work that...
Forum: General Actuarial 09-20-2018, 07:51 PM
Replies: 15
Views: 1,595
Posted By jerrytuttle
Liability insurance

I would think buying general liability and professional liability insurance should be on the list. If you have employees, check your state law about workers compensation insurance too.
Forum: Property - Casualty / General Insurance 09-18-2018, 03:19 PM
Replies: 4
Views: 585
Posted By jerrytuttle
ISO ILF Curves

I suggest you read the actuarial circular on the ILF curve once so you understand how ISO constructs its curves. Possibly there are components of the calculation where you feel industry data should...
Forum: Property - Casualty / General Insurance 08-29-2018, 10:45 AM
Replies: 7
Views: 707
Posted By jerrytuttle
Independent actuary

You could ask the independent actuary to provide a peer review of your analysis, so the independent actuary could provide an opinion of your competence in actuarial work.
Forum: Careers - Employment 08-15-2018, 06:52 PM
Replies: 48
Views: 3,214
Posted By jerrytuttle
My top three

Here are the three questions I am trying to figure out about interviewees:

1. Do I think you will be reasonably successful in passing exams?
2. Do I think you will get along with the other...
Forum: Property - Casualty / General Insurance 08-10-2018, 11:16 AM
Replies: 4
Views: 699
Posted By jerrytuttle
ISO subscribers can go online and see when last...

ISO subscribers can go online and see when last year's, say Products increased limits actuarial study was released, and so you can approximate when the next circular is due.

But ISO work is...
Forum: Property - Casualty / General Insurance 08-10-2018, 11:12 AM
Replies: 25
Views: 1,367
Posted By jerrytuttle
1. CAS and SOA study material. 2. Cat perils

1. By the way, the questions about homeowners coverage and the perils of wind and flood: are these questions covered nowadays in both the CAS and SOA study material on property insurance coverages?...
Forum: Property - Casualty / General Insurance 07-23-2018, 02:53 PM
Replies: 4
Views: 622
Posted By jerrytuttle
As an interviewer I would be happy if a beginning...

As an interviewer I would be happy if a beginning candidate could give me one sentence why he or she prefers my portion of the insurance industry (property and casualty) versus another portion (life,...
Forum: Property - Casualty / General Insurance 07-19-2018, 12:35 PM
Replies: 21
Views: 1,600
Posted By jerrytuttle
What statistics have changed: total premium,...

What statistics have changed: total premium, total paid loss, total case loss reserve, total claim count, IBNR; average premium per policy, average paid loss, average case reserve, average...
Forum: General Actuarial 07-18-2018, 02:54 PM
Replies: 7
Views: 993
Posted By jerrytuttle
Most state rating statutes say that rates must...

Most state rating statutes say that rates must not be unfairly discriminatory. The statute may or may not further define unfair discrimination, but one definition is that a rate is unfairly...
Forum: Risk Management 07-16-2018, 04:01 PM
Replies: 6
Views: 1,772
Posted By jerrytuttle
Had to look it up. BATNA = best alternative to a...

Had to look it up. BATNA = best alternative to a negotiated agreement
Forum: Careers - Employment 07-12-2018, 11:20 AM
Replies: 44
Views: 3,155
Posted By jerrytuttle
I would guess this data includes the many...

I would guess this data includes the many non-credentialed people doing actuarial work, excludes bonuses, and excludes credentialed actuaries who don't identify their position as actuary (because...
Forum: Careers - Employment 06-24-2018, 07:42 PM
Replies: 46
Views: 4,504
Posted By jerrytuttle
An employer where your direct supervisor will...

An employer where your direct supervisor will teach you a lot and give you an appropriate amount of responsibility.
Forum: Careers - Employment 06-24-2018, 07:39 PM
Replies: 30
Views: 2,751
Posted By jerrytuttle
My personal philosophy

My personal philosophy is to pass the exams as quickly as you can, when you have the fewest personal responsibilities and the fewest employment responsibilities.

In my case I think it was easier...
Forum: General Actuarial 05-21-2018, 01:41 PM
Replies: 16
Views: 1,286
Posted By jerrytuttle
The original post included, "will they ask me for...

The original post included, "will they ask me for certain formulas such as, 'how do you find x using y function?' "

I'm not sure what this question asks. Is it, "given a function y=f(x), how do...
Forum: Property - Casualty / General Insurance 05-12-2018, 04:49 PM
Replies: 9
Views: 968
Posted By jerrytuttle
Average default reserve

This makes the most sense when the mean and standard deviation of the claim amounts are relatively small, such as in auto physical damage. It makes the least sense when the mean and standard...
Forum: General Actuarial 04-27-2018, 08:41 AM
Replies: 12
Views: 2,291
Posted By jerrytuttle
Is a warranty the same as insurance?

In NY, if the company has a relationship to the product that affects the risk of loss, then the contract is a warranty, but otherwise the contract is insurance and will be regulated as insurance.
...
Forum: General Actuarial 04-12-2018, 10:39 AM
Replies: 6
Views: 665
Posted By jerrytuttle
Sumulation

My guess is that you will see greater volatility at the tail as you refine your analysis and drill down.
Forum: General Actuarial 04-10-2018, 06:03 PM
Replies: 14
Views: 1,607
Posted By jerrytuttle
Insurance department ethics

The insurance department actuary requires you to reduce the amount of the requested rate change because he feels this helps consumers, even though this now violates the rating law that says, " rates...
Forum: Property - Casualty / General Insurance 04-03-2018, 07:30 PM
Replies: 6
Views: 940
Posted By jerrytuttle
Multi-policy experience

Vorian said,

"Actuarial: Is a discount supported by data? Is there actually better experience (during the term of the policy, not necessarily over the total tenure of the policyholder with the...
Forum: Property - Casualty / General Insurance 03-17-2018, 05:40 PM
Replies: 12
Views: 1,742
Posted By jerrytuttle
NCCI Calls

I haven't done these in decades, so I certainly could be out of date. But if they are anything like the olden days, my recollection is that I was asked to estimate various data into categories that...
Forum: General Actuarial 03-05-2018, 04:56 PM
Replies: 17
Views: 2,657
Posted By jerrytuttle
What I learned

Sometimes there are reasons not to believe the data or the model, and to make a judgmental decision.

Sometimes underwriters understand more than we give them credit for.
Forum: Property - Casualty / General Insurance 02-05-2018, 02:14 PM
Replies: 4
Views: 670
Posted By jerrytuttle
Premium discounts

Hi,

Although premium discount in WC may have more than one meaning, I think of it as a discount to larger premium sizes whose expense to premium ratios are lower than the expense ratio in the...
Forum: General Actuarial 12-19-2017, 09:30 AM
Replies: 65
Views: 6,243
Posted By jerrytuttle
A few more thoughts on runoff

I agree on the importance of Maphisto's question: Why is this business available for acquisition? To which I will add: Why doesn't the original company want to keep it? What do they know that you...
Forum: Pension - Social Security 11-27-2017, 09:25 AM
Replies: 0
Views: 609
Posted By jerrytuttle
Standard deviations by age from SSA mortality tables

Hi,

Is there a source underlying the SSA mortality tables that would provide standard deviations of the expected values by age?

Thank you.
Showing results 1 to 25 of 261

 

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