Canadian Fellow of the Casualty Actuarial Society sharing her experience on passing SOA/CAS Actuarial Exams. Answering the unknowable question: What is an actuary? Sharing real life stories about my experience.
What do you think is the best way to learn and practice SAS? (other than working for an insurance company and writing sas code for GWP projection or something - like me :-) )
Just passed my second exam earlier today, and your channel is the reason why i decided to take a leap and start working on the actuarial path. I was never the most consistent viewer, but thank you for all your videos! Finding your channel gave me the motivation to get started when I was hesitating.
I Michelle! As a healthcare student who is considering a career in actuary, I heard so many healthcare professionals such as physicians and dentists complain that insurance is "evil." Can you please explain this myth in your next video if you have a chance? I truly appreciate it! Thank you!
Hi Michelle, thanks for your videos. Is machine learning / AI used in reserving nowadays? Could this (partially) replace/enhance traditional reserving methods? Do you see other fields in actuarial work where machine learning / AI plays an important role (in the future)?
Oh my! an aspiring Actuary here, so excited I have found your channel!. What determines the ultimate value? is it when the claims are closed?. Is it possible to use insurance data e.g from Kaggle (which close to the real life projects) to show the Actuarial techniques?, It would be immensely helpful to those joining the profession.
Oh my! an aspiring Actuary here, so excited I have found your channel!. What determines the ultimate value? is it when the claims are closed?. Is it possible to use insurance data e.g from Kaggle (which is close to the real life projects) to show the Actuarial techniques?, It would be immensely helpful to those joining the profession.
I have a question! I think I heard you say in a different video that you believe insurance is fundamentally good (correct me if I'm wrong), but I would love to know why! People typically have a negative connotation of insurance, so I would appreciate your perspective!
Heyyyy, future actuary here (hopefully) , Comment section, do you have any advice on goe to write a personal statement for actuarial science or mathematics or books that i should read to put on my personal statement.
I have never related SOOOO much with a video 😭😭😭❤️❤️ Speaking as a qualified actuary living and working in the UK i am also struggling with a lack of passion and purpose. I don’t hate actuarial but sometimes I wish i hadn’t qualified soo early because i now feel lost and like I’m in a second quarter life crisis. But I know it will be ok, We will find ourselves again 🧡
hi Michelle, just wanted to comment that these types of videos are super interesting and your explanations are clear and engaging. As an aspiring actuary, I find them valuable since they give me a lot of context :) And Congratulations on the engagement!!!
Short question. You said as a reserving actuary you are not impacting the profit of the company. If I understand the alm of an insurance company correctly, the investments in earning assets depend on the amount of reserves. So in that way, the profits are impacted. But I am not in insurance industry (yet), would be nice if you explain the link between reserves and investments. Thank you
You are correct. When I was referring to profit, I mostly meant underwriting profit. The reserve levels impact the amount of capital that we are required to hold. It also impacts how much we pay for reinsurance etc. There are definitely impacts from the conservatism (or under-estimating) in reserves. Good point
@@Actuaryelle Interesting. So it is different from banking. The amount of capital a bank is required to hold depends on the asset classes, i.e. the risk associated with the type of an asset.
Last year I ended up watching your channel last minute to prep for my 'Insurance' exam, but I actually keep enjoying your content. Keep it up, Elle! Wish you all the best from Belgium
How do you think reserving and pricing techniques can be migrated to other forms of business e.g a restaurant or a trailor making business? Essentially how can Actuaries sell themselves apart from relying regulatory requirements to enforce our existence?
