ACTUARIAL SCIENCE

FREQUENTLY ASKED QUESTIONS IN ACTUARIAL JOB INTERVIEWS

Some of the frequently asked questions in Actuarial Interviews –

• Why do you want to be an actuary? How did you hear about actuarial science?
• What are your future plans/goals?
• Where do you see yourself 5/10/15 years from now?
• Why do you want to work in this company?
• Why are you applying for thi

IMPORTANT INFORMATION FOR ACTUARIAL SCIENCE STUDENTS

Institute of Actuaries of India

Last Date for May 2010 Membership – 2nd January 2010

Last Registration Date for May 2010 Exams – Registration closes 12 weeks before be

THE BEST AND WORST JOBS OF 2009

At least twice a month throughout the recession, headhunters have dangled job opportunities in front of Ryan McAllister, an actuary for Fireman’s Fund Insurance Co. in Novato, Calif. “If I were ever unhappy with my employer, I could pick up the phone and find something else very quickly,” says the 28-year-old Mr. McAllister. He joined the high-net-worth property and

RMS FORECASTS INCREASED GROWTH FOR INSURANCE LINKED SECURITIES IN 2010

A bulletin from Risk Management Solutions notes that the fourth quarter of 2009 was the “most active… ever for catastrophe bond issuance, reaching almost $1.1 billion in total volume, eclipsing the previous best fourth quarter by over 75 percent.” RMS also said it had “conducted the expert risk analysis for as much as 70 percent of these bonds.”

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CELEBRATE AND MAKE SAFE YOUR LIFE WITH INSURANCE IN INDIA

Insurance policies are a huge sector in India that is growing rapidly at a speedy rate of 15-20%. The insurance sector is just about 450 billion yet 80 percent of the population in India is not assured. This gives you a glance into the vast growth chances that exists for this segment. The insurance industry in India mainly consists of two main kinds, the

THE RISE AND FALL OF INSURANCE IN INDIA (ACTUARIAL SCIENCE)

Many in India consider the insurance sector as the secured one but the recent downfall in the premium income of private and public life insurance and general insurance companies clears this myth. The figures came out in the light, regarding the premium income of insurance industry clearly shows that Insurance India is not recession proof.

Downfall started from t

HEALTH INSURANCE AWARENESS IN INDIA IS VERY LOW (ACTUARIAL SCIENCE)

Howard Bolnick, who taught insurance at the Kellogg School of Management for 13 years, was in India for a five – day executive development programme on healthcare financing and health insurance, organised by the Insurance Foundation of India (IFI). Bolnick, a past president of the US Society of Actuaries, took time to talk to Sarabjeet K Sen on how he viewed the In

ACTUARIAL FUTURE IN PENSIONS

This is a practice area that was thought to be in decline 10 years ago but which still attracts newly qualified actuaries. Indeed, the increasing globalisation of the profession has made it easier for pensions actuaries to explore new markets.

Pension saving is a newly emerging industry in Asia, where the custom for generations was

TAKE ‘CALCULATED’ RISKS, BEYOND FUNDAMENTALS

Fundamental analysis for stock picking is passe, quantitative investment strategy based on mathematical calculations is the in thing, say Prashant Mahesh & Nikhil Walavalkar.

Investors are familiar with stock selection strategies based on fundamentals. Most mutual funds and

FUTURE OF ACTUARIES IN INVESTMENT

The behaviour of, and trends in, lobal investment markets will affect actuaries working in all areas, as well as those who specialise in investment. It is anticipated, therefore, that the breakout sessions will dealing in investment will be well subscribed. In fact, investment instruments are becoming more accessible to the population as a whole. Take derivatives, f