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Old 10-02-2018, 09:32 AM
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JohnLocke JohnLocke is offline
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Originally Posted by Liar View Post
Last year, I believe there were 11 or 12. The year before that 13. It's been dropping every year.

The SOA and CAS are in a pickle here. It's obvious they're threatened by the rise of data science and the $2/day data analysts in lower wage countries.
Exams SRM and PA are responses to data scientists, but would 2 exams really make someone as capable as someone with a PhD in statistics?

Even the time series sections on LTAM are an attempt by the SOA to make the content on the exams more applicable to the real world, but the material is too basic.

It's not looking to good for the SOA. I can see many insurance company execs salivating at the thought of replacing actuaries with minimum wage data analysts and data scientists.
If I hire a bunch of data scientists, I can move the expense ratio for the actuarial department from .02% to 0.017%

* salivates *
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