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Search: Posts Made By: koudai8
Forum: Life Pricing Exam 10-31-2019, 03:01 PM
Replies: 86
Views: 13,306
Posted By koudai8
assumption is not necessarily wrong and if it...

assumption is not necessarily wrong and if it makes you feel any better, i said stop loss on that question but screwed up many other questions where i knew the answer somewhere deep down but couldn't...
Forum: Careers - Employment 08-15-2019, 03:14 PM
Replies: 105
Views: 12,850
Posted By koudai8
:iatp: Wouldn't say it's glorified

:iatp:

Wouldn't say it's glorified
Forum: Careers - Employment 08-15-2019, 03:11 PM
Replies: 105
Views: 12,850
Posted By koudai8
I think I was simply thinking, that we manage the...

I think I was simply thinking, that we manage the most complex products, and have to deal with multi-dimensional two-tailed risks. The two-sided nature of the risks will hinder the insurance...
Forum: Careers - Employment 08-15-2019, 03:04 PM
Replies: 105
Views: 12,850
Posted By koudai8
Sorry about that. Should've be more clear. ...

Sorry about that. Should've be more clear.

She did actuarial for grad, but landed as a quant.

I feel there's not much of a distinction between undergrad and grad in terms of actuaries.
...
Forum: Careers - Employment 08-15-2019, 12:32 PM
Replies: 105
Views: 12,850
Posted By koudai8
For a fresh grad, I think it's quite a lot.

For a fresh grad, I think it's quite a lot.
Forum: Careers - Employment 08-15-2019, 12:22 PM
Replies: 105
Views: 12,850
Posted By koudai8
I still have quant friends making a lot of money...

I still have quant friends making a lot of money (130k in 2017, greater NY area).

(I think a distinction need to be made on what's "hot". Is it measured by numbers, or by compensation. )


...
Forum: Careers - Employment 08-14-2019, 09:07 PM
Replies: 105
Views: 12,850
Posted By koudai8
There is a difference between "I want to make...

There is a difference between "I want to make money" and asking "why do actuaries make so little compare to other 'top jobs'" in tech, since actuaries used to be one of those before the financial...
Forum: Careers - Employment 08-14-2019, 03:46 PM
Replies: 105
Views: 12,850
Posted By koudai8
But I think it's pretty clear that an average...

But I think it's pretty clear that an average entry-level actuaries will not catch up with an average software engineers for quite a few years, if ever. Considering the same compounding from raises...
Forum: Careers - Employment 08-14-2019, 03:30 PM
Replies: 105
Views: 12,850
Posted By koudai8
Why would anyone become a life actuary if they can simply become a programmer

I am an ASA in the development program of a life insurance company with roughly two years of experience making 91k.

I have a few data points collected personally.

A Senior Director from my...
Forum: Long-Term Actuarial Math 12-06-2018, 05:32 PM
Replies: 2
Views: 992
Posted By koudai8
Lee-Carter Model

The phrase "stochastic model" brings to mind models whose output are random. For example, the Cox-Ingersoll-Ross interest rate model, where outputs depend on a random error term.

For Lee-Carter...
Forum: ERM Exam 09-09-2018, 12:37 PM
Replies: 0
Views: 480
Posted By koudai8
Forum: Modules 1-5 08-12-2017, 09:01 PM
Replies: 0
Views: 2,224
Posted By koudai8
EOM 3 Task 5

The instruction is very unclear on this one.

Are we supposed to come up with one formula that satisfies both:

1. The minimum contribution rate of the group is at least 75% of the maximum...
Forum: Life 07-29-2017, 11:11 AM
Replies: 0
Views: 746
Posted By koudai8
Question A few questions regarding GAAP vs IFRS

I am doing a research project on GAAP vs IFRS for Variable Annuities, and the following questions came about.

1. When future cash flow is insufficient, we must write down the deferred acquisition...
Forum: Life 07-15-2017, 05:08 PM
Replies: 5
Views: 2,146
Posted By koudai8
Thank you for the resource; it was very helpful. ...

Thank you for the resource; it was very helpful.

I have found quite a bit material on GAAP, but less for IFRS. I was wondering if there are good resources on IFRS. I will continue to search (with...
Forum: Life 07-13-2017, 12:18 AM
Replies: 5
Views: 2,146
Posted By koudai8
Thank you for pointing me to the incredibly...

Thank you for pointing me to the incredibly informative newsletters.

What I meant to ask is your opinion of variable annuities; I have a rough idea of how it works, but I am not very familiar nor...
Forum: Life 07-12-2017, 06:47 PM
Replies: 5
Views: 2,146
Posted By koudai8
Question GAAP vs IFRS for Variable Annuities

I am doing a research project on the similarities and differences on GAAP vs IFRS for Variable Annuities.

I have done some research that can be summed up with "GAAP is more stringent and case...
Forum: Life 07-12-2017, 11:58 AM
Replies: 13
Views: 2,361
Posted By koudai8
Thank you much for replying. TBH Im an intern (my...

Thank you much for replying. TBH Im an intern (my first internship) and my manager just asked me to do research and see if I've seen this formula used, but not using i or d. So just seeing it...
Forum: Life 07-11-2017, 05:57 PM
Replies: 13
Views: 2,361
Posted By koudai8
(1+q)^(1/12) -1 vs. 1-(1-q)^(1/12)

Hello! I've been looking around and seem to not be able to find an answer. Can anyone tell me if they have ever seen [(1+q)^(1/12)]-1 used in place of 1-[(1-q)^(1/12)]? The q can be death, exiting a...
Forum: Software & Technology 02-07-2017, 11:04 AM
Replies: 4
Views: 1,822
Posted By koudai8
Question Doing a Project on Data Science

Hello AO, I am enrolled in a course called "Applied Data Science" from the Statistics department, and it involves data science based projects with R and Shiny. One of the group project (of 4-5...
Forum: Modules 1-5 09-15-2016, 12:34 AM
Replies: 2
Views: 2,767
Posted By koudai8
Thank you so much!

Thank you so much!
Forum: Modules 1-5 09-14-2016, 11:00 AM
Replies: 2
Views: 2,767
Posted By koudai8
EOM 3 Task 5 (Excel help)

Task 5 asks us to assess whether 12/17 contribution plan is appropriate, and if not, provide our own estimate.

I have a couple of questions:

1. the 12/17 refers to the 12% "up to covered...
Forum: Modules 1-5 08-16-2016, 11:39 PM
Replies: 2
Views: 2,923
Posted By koudai8
Thank you so much. I should read the instructions...

Thank you so much. I should read the instructions more carefully.
Forum: Modules 1-5 08-15-2016, 11:58 PM
Replies: 2
Views: 2,923
Posted By koudai8
EOM 1 - Contingencies

Hi,

My question is regarding the Excel spreadsheet.

I do not understand where the numbers in the "Contingencies" categories in the "Present Value of Add'l Costs" sheet are from.

Furthermore,...
Showing results 1 to 23 of 23

 

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