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#1




Ph.D in actuarial science/applied math
I am curious about the prospect of those with Ph.d in actuarial science/applied math in insurance industry, especially in Europe and Aisa?
Does the capacity of doing research pay? A motivating example is that when we want to make more realisitc computation of ruin probability, we may want to add something like geometric brownian motion (even levy driven process) for asset process to the initial problem of ruin. Any input is highly appreciated. 
#2




I can't answer your question as stated, as my doctorate is in theoretical mathematics (optimization theory). But I've definitely found my degree to be an advantage in the actuarial field so far.
__________________
The opinions of Doctor No do not necessarily represent the opinions of mathematicians or consulting actuaries. Facts cited by Doctor No are not necessarily facts. Find me on Twitter: @NorrisDoug 
#3




Glad to have your reply, DoctorNo. So it seems some more mathematical skills are always appreciated, right? Does your Ph.D degree also help you with promotion if i may ask?

#4




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Here are some useful threads: http://www.actuarialoutpost.com/actu...0&postcount=37 http://www.actuarialoutpost.com/actu...0&postcount=70 
#5




Wharton has a PhD in Insurance and Risk Management, and some of their faculty have actuarial credentials. I'm sure that the consulting work on the side would play plenty, if you don't mind staying in academia.

#6




Optimization is applied math

#7




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#8




can it help advancement? yes. does it typically matter? not usually. exams and experience in the field. proving new theorems does not typically come up. but the math skills you have can help you think through things that not everyone can. so in that regard (which is likely what dr no meant) it can help.

#9




Ph.D. requires much more work to get for sure! FSA is better to have!

#10




Quote:
Believe it or not, but I know what optimization is. Also believe it or not, but I know what department I received my doctorate in. And considering that my university's programs in theoretical mathematics and applied mathematics were in different colleges and in different buildings, I think I would have noticed walking into the wrong building for seven years. But again, thanks for the tip.
__________________
The opinions of Doctor No do not necessarily represent the opinions of mathematicians or consulting actuaries. Facts cited by Doctor No are not necessarily facts. Find me on Twitter: @NorrisDoug 
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