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Risky and Happy 2012
From Actuary-Info, 1 month ago, Read 0 times. Similar articles
A happy new year to all Actuary-Info readers!While actuaries and other risk mangers are still trying to cope with 'real' (btw: what's really real') risks, a lot of other people are still worried about the risk of risks:The end of the worldas (assumed) predicted by the Mayans! Maya Calendar ExplainedConsult Cathryn Reese-Taylor (program director, department Archeology University of Calgary) (or read this link) for who's interested in the interesting explanation behind the end of the Maya...
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Early Retirement hits Mortality
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
Do early pensioners live longer'Or, to rephrase this: What's the influence of early retirement on mortality'The answer has been given in a 2005 BMJ paper called: Age at retirement and long term survival of an industrial population: prospective cohort studyIn a long term (1973-2004) cohort research, the mortality of past Shell Oil employees,who retired at ages 55, 60, and 65, have been studied.OutcomeThe main outcome of this study is that subjects who retired early at 55 and who were still alive...
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Free Course Finance of Aging
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
The aging of the population raises numerous economic and financial issues for pension funds, insurance companies and governments.To take wise decisions, expert knowledge in these organizations is crucial. To provide this knowledge a Dutch organization called Netspar initiated courses on an academic level.Netspar is an independent network for research, education and knowledge exchange in the field of pensions, aging and retirement.In 2009 Netspar introduced a new course Master's program...
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Polya: Actuaries Good or Bad
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
As an actuary, were you born 'Good' or 'Bad'? The answer to this question can be given with help of mathematics!Let's start with a simple model. When you, as a prospective actuarial talent, were born, you had only a limited number of experiences. Let's assume you came to earth quite neutral, with one 'Good' (G) and one "Bad" (B) experience.At this point in time, your (still unconscious) attitude and therefore expectation of a 'Good' (B) outcome of your next experience, will be 50%.In line with...
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God must be an Actuary
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
Let's dive back in history and take a look at a unusual 'biblical' article in The Actuary of 1986 (Vol. 20, nr. 6 ; page 8).In a amusing article Mark W. Campbell develops a simple lifespan equation with regard to our 'Greatn Grandfathers'.This is the original (somewhat restyled) article:You Should Live So Long Sir: In the January issue, Murray Projector quotes Genesis 6:3 as follows:?And the Lord said: ?My Spirit shall not abide in man forever, ...
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Swine Flu Counter update Sept 2009
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
Here you'll find the September 2009 update of theGlobal Swine Flu CounterAlthough there is still an increasing risk of underreporting, the counter has been renewed on basis of the latest available global reports as provided by Wikipedia/ECDC.Swine Flu under Control'The September 2009 developments suggest the Swine Flu development is under control, as the reported infections changed from a exponential growth recent months, to more linear growth in August 2009. In September the increase of...
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Why an actuary succeeds!
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
What's that special gift an actuary has, that he always succeeds'Never mind how complex the situation, an actuary always has that one missing magic equation ready to astonish his audience....Some accuse actuaries of always talking their way out of a problem. They stress that actuaries misuse their formulae to force decisions 'their way'.We all know that's not true. Yes, an actuary always survives and actuaries are not biased or irrational.It's the study, our experience and our trained 'gut...
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DCF: Discounted Crash Flow
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
I remember in a 2007 client panel discussion I was chocked to hear that three large company CFOs of name and fame, without blinking an eye, stated that they were running their company on basis of a narrow quarterly time schedule, no longer. Long term investments' Out of the question. Pension obligations' Rather not, please... Project payback periods: 3-6 months, in exceptional cases a maximum of a year.What was happening'How come, CFOs have become that short term focused'AnswersIt's easy to...
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Success
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
We all want to be successful. But what is success'Success could perhaps be defined as achieving the Result you want by using your core Qualities at the right Time given the right Circumstances (place,people,weather, atmosphere).In formula: R = Q x T x CAnother way of looking at success has been defined by Hevizi: It's not WHAT you know. It is not WHO you know. It is not HOW you deliver. It is ALL of it.In the new world of tough competition for positions, careers and recognition it...
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Actuarial Fallacies
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
Just some light stuff, to chew the cud during holidays...A good friend tells you that a certain 'John Nevermet' is an introverted professional and is either an actuary or a salesman.Which one do you think John most probably is'If your first thought was: an actuary, congratulations(!), you just got caught in what is called a classicalThinking TrapMost people - not actuaries of course ;-) - are tempted to think John is almost certainly an actuary.On the other hand, they think of a salesman as...
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Hypegiaphobia
From Actuary-Info, 2 year ago, Read 0 times. Similar articles
What's that spell' Hypegiaphobia'Yes, Hypegiaphobia is the unpronounceable 'short' for:A fear of responsibilityIn a 2008 white paper, called Hypegiaphobia, KPMG stresses the importance that organizations want to be and must be 'in control' of a multitude of risks and therefore make enormous sacrifices to achieve this goal.CEO, management and employees have to comply to so many simultaneous goals, and the consequences of not being compliant on a single issue are that high, that people fear to...
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