[Actuary Vs. Data Analyst]
Actuary and data analyst are similar in many ways, where both use similar skill sets. Do you know what are the differences between them? The following is a brief explanation on the two similar occupations you are likely to do in your future career!
Source:
https://work.chron.com/data-analyst-vs-actuary-16473.html
https://content.mycareersfuture.gov.sg/what-does-a-data-analyst-do-and-the-skills-required/
Educational Posts 2024
[Required Skills for Actuary]
Unlocking the world of numbers and risks! 📊 Navigating complexities with mathematical precision, actuaries blend business insight and tech-savvy, armed with a commitment to continual learning. Here are some essential skills that pave the way for success in the actuarial realm.
Source:
[Actuary's Role in Customer Engagement]
Unlocking the Power of Data: Actuary's Role in Customer Engagement! 🔍Discover how actuaries play a pivotal role in shaping customer engagement strategies. Uncover the data-driven insights that drive business decisions and enhance customer experiences. You may visit the following link to explore more relevant articles:
Source:
https://www.actuartech.com/insights/the-actuarys-role-in-customer-engagement
https://www.actuaries.org.uk/system/files/field/document/C2%20Understanding%20the%20Customer.pdf
[Actuary in Healthcare Industry]
Exploring Actuaries in Healthcare! 🏥 Learn about the important role actuaries play in managing risks and ensuring financial stability in the healthcare industry. 📊 Discover how their analytical skills and expertise help manage risks, improve healthcare quality, and ensure financial sustainability.
Source:
https://assets.kpmg.com/content/dam/kpmg/pdf/2012/11/health-actuarial-insights-sept-2012.pdf https://www.mhaonline.com/blog/day-in-the-life-of-a-healthcare-actuary
[Big Data and AI in Actuarial Industry]
Diving into the future of actuarial science with Big Data and AI! 🌐 Embrace the power of data-driven insights and advanced analytics to revolutionize risk assessment and decision-making. Explore how these transformative technologies are reshaping the actuarial industry.
Source:
[Tips on Balancing Work and Study]
Tips for Actuarial Students 📚💼 Balancing work and study can be challenging, especially in the rigorous field of Actuarial Science. Here are some practical tips to help you navigate this dual role with ease!
Source:
https://www.educations.com/articles-and-advice/5-great-tips-for-how-to-balance-work-and-study-17735
[Programming Languages for Actuaries]
Dive into the World of Actuarial Programming💻💡Mastering languages to equip yourself with the tools for efficient analysis. Elevate your actuarial journey with versatile programming languages tailored for the complexities of the field !
🔗Links:
https://etchedactuarial.com/top-programming-languages-for-actuaries/
Educational Posts 2023
[[Ways to Improve Your LinkedIn Profile]
Building an online presence is key in today’s market. As a job seeker, having an engaging and informative LinkedIn is crucial to standing out to hiring managers. By crafting a LinkedIn profile that showcases your experiences, strengths, and personality you can create a better picture of yourself and the value that you will bring to an organization.
Source:
https://www.topresume.com/career-advice/10-ways-to-create-a-winning-linkedin-profile
[10 Tips to Avoid Calculation Mistakes during Actuarial Examinations]
Actuarial examinations are the stepping stones to a successful career in actuarial science, demanding not only a profound understanding of mathematical and statistical concepts but also impeccable calculation skills. Avoiding calculation mistakes is essential for acing these exams and excelling in your actuarial career. Here are ten strategies to help you minimize calculation errors during actuarial examinations:
Source:
[Effective Communication and Interpersonal Skills for Actuaries]
As a student pursuing a career in actuarial science, you're likely aware of the strong foundation of technical knowledge required in this field. Actuaries are responsible for managing risk and making critical financial decisions, which demands a deep understanding of mathematics, statistics, and financial modeling. However, there's another essential aspect of the actuarial profession that's often overlooked but equally crucial: effective communication and interpersonal skills.
Source:
https://www.actupool.com/en/news/working-life/are-soft-skills-secret-unlocking-success-actuaries
[Tips to Balance Study and Life]
There are three main parts of a student’s life which consumes most of their time; study, work, and personal life. Study and work both can take up an ample amount of time and very less time may remain for personal stuff. This is one of the major issues a student faces. So the question is: How to balance study, work, and personal life?
Source:
https://elearningindustry.com/7-tips-balance-study-work-and-personal-life
[A Day in the Life of a Pension Actuary]
Have you ever wondered what it's truly like to be a Pension Actuary? Join us as we step into the shoes of a real-life Pension Actuary and experience a day in their dynamic and impactful world.
Source:
https://careerservices.upenn.edu/blog/2021/10/14/a-day-in-the-life-consulting-pension-actuary/
[Excel Shortcuts for Actuaries]
Excel is one of the most important tools that any aspiring actuary needs to know. That’s because it gets used on the job almost every single day! Below is a list of the most common Excel formulas that you absolutely MUST know!
Source:
https://examanalysis.s3.amazonaws.com/Excel%20Functions%20to%20Know%202.pdf
https://files.instapdf.in/wp-content/uploads/pdf-thumbnails/2020/08/excel-shortcut-list-pdf-180.webp
[Will AI Take Over Actuarial Work?]
As the world becomes increasingly dependent on digital technologies, concerns about automation and AI replacing humans in various professions have gained traction. One such profession that has been in the spotlight is actuarial science, with many wondering if AI will ultimately replace the job of an actuary.
Source:
[What is Life Insurance?]
Actuaries are crucial in the life insurance industry because they evaluate risks that would aid the insurance provider in determining the premium for their policies. The following is a brief introduction to life insurance.
Source:
https://www.iciciprulife.com/insurance-library/insurance-basics/what-is-life-insurance.html
[The Data Analysis Process]
In today's data-driven world, the ability to extract valuable insights from vast amounts of information is a critical skill for actuarial science students. Data analysis empowers students to unravel patterns, make informed decisions, and drive meaningful outcomes. In this post, we will delve into the intricacies of the data analysis process, providing actuarial science students with a comprehensive understanding of each phase.
Source:
https://www.linkedin.com/pulse/six-steps-data-analysis-process-lawrence-t-maguranye/
[Introduction to SQL]
The most successful marketers are data-driven, and one of the most important parts of being data-driven is collecting data from databases quickly. SQL is the most popular tool out there for doing just that. The following is a brief introduction to SQL
Source:
https://www.w3schools.com/sql/sql_intro.asp
https://blog.hubspot.com/marketing/sql-tutorial-introduction
[DATA AND GUT INSTINCT]
In the world of data analysis, the interplay between data-driven decision-making and gut instinct is a fascinating subject. As actuarial science students, understanding the balance between relying on facts and trusting our intuition is crucial. In this post, we explore the importance of data-driven approaches, the risks of solely relying on gut instinct, and the power of blending data, business knowledge, and intuition to make informed choices.
Source:
https://www.cio.com/article/193978/data-and-the-human-data-driven-vs-gut-instinct.html
https://www.linkedin.com/pulse/data-driven-vs-gut-instincts-rohit-talwar/
[7 Mistakes That Will Ruin Actuarial Resume]
The resume acts as a bridge between you and the prospective recruiter. Therefore, it is important for you to avoid the mistakes that will destroy your resume and stand out from the crowd. The following are the 7 mistakes that you need to avoid while preparing your resume.
Source:
[WHAT IS DIGITAL INSURANCE?]
Constrained by regulations and legacy systems, insurance carriers have historically been slow to adopt the latest technologies to drive product innovation– until now. In just the last few years, it has become evident that the transition to a digital insurance model is underway.
But why? Sure, there is a seemingly endless upside to optimizing internal processes, and implementing solutions that make day-to-day tasks easier. The motivation goes deeper than that and is ultimately targeted at creating the optimum customer experience — a personalized customer experience. With digital insurance solutions, insurers can meet and exceed the expectations of their customers at every touchpoint, from the initial policy shopping process through underwriting and in claims.
Sources:
https://www.tibco.com/reference-center/what-is-digital-insurance
[Top 5 Programming Languages for Actuaries]
Nowadays, many actuarial employers would actually prefer to hire someone with programming knowledge. Therefore, programming skills are very important for every actuary when finding a job. The following are the top 5 programming languages for actuaries.
Sources:
https://www.theactuaryindia.org/article/python-for-actuaries
https://blog.casact.org/2013/10/02/using-r-for-actuarial-work/
[Understanding Actuarial Consultants]
When you hear the word “actuary” or “actuarial consultant”, what do you have in mind? Many
people might not understand this occupation. What do they do? Actuaries are problem
solvers and strategic thinkers who help predict the probability and risk of the future. If one
wants to work as an actuarial consultant, what should they learn, what skill sets should they
have?
Source:
[FAQ During Interviews for Actuarial Internships]
Internships are an opportunity to network with great people and sharpen skills before entering the workforce. Here are some Actuarial interview questions and answers for students to get their internships.
Sources:
https://bit.ly/3JkYzIm
https://career.guru99.com/top-15-actuary-interview-questions/
[Actuaries and Climate Change]
Evidence from climate science shows that the climate is warming. The actuarial profession
will be impacted by these events in ways that vary by practice. Many leading actuarial
organisations, including the Institute and Faculty of Actuaries (IFoA) has brought climate
change to the forefront, having developed educational materials and thought leadership
papers on sustainability. The following is a brief introduction to actuarial work on climate
change.
Sources:
https://bit.ly/3KLQlLt
https://bit.ly/3KELH1J
https://bit.ly/3KHGRRm
[Getting Started with VBA]
VBA (Visual Basic for Applications) is the programming language of Excel and other Office
programs. The following is a brief introduction to VBA.
Sources:
https://www.tutorialspoint.com/vba/vba_macro_comments.html
[Basics of R Programming]
R is a statistical programming language. Being functional and statistical makes it well suited
for actuarial work as most of the actuarial contracts can be very easily expressed in R. The
following is a brief introduction to R Programming shortcuts.
Source:
https://www.analyticsvidhya.com/blog/2021/10/master-the-basics-of-r-programming/
[One of the elements of a responsible financial plan is covering yourself with insurance. Therefore, one dilemma many Malaysians might face is Takaful vs conventional insurance. At first glance, they may look similar, as they both share the objective of protection against financial loss. However, some closer inspection will reveal some clear differences. The following is an introduction to the similarities and differences between Takaful and conventional insurance.
Sources:
https://www.takaful-malaysia.com.my/sme/faq.pdf
https://takafulemarat.com/your-guide-takaful-versus-conventional-insurance/
[Introduction to Actuarial Reserves]
The importance of accurate reserving in an insurance company cannot be underestimated. The following is a brief introduction to actuarial reserving!
Sources:
https://bit.ly/3vvV0bJ
https://youtu.be/wyYp2R1toW8
https://www.actuaries.org.uk/system/files/documents/pdf/crm1-2.pdf
Do you know the differences between IFOA and SOA? Which exams are harder? The following is a brief explanation on the exams you are going to take in order to become a certified actuary!
Sources:
https://bit.ly/3Gd4pcW
https://www.ranveerkaur.com/blog/qualifying-as-an-actuary-in-the-uk
https://www.soa.org/education/exam-req/default/
https://sites.cns.utexas.edu/actuarial-science/asafsa-certification
Educational Posts 2022
Have you ever thought that the COVID-19 pandemic could be very detrimental to insurance companies? While it does possess drawbacks, it also has positive impacts! Here are some explanations.
Sources:
https://tinyurl.com/2p99xunf
https://tinyurl.com/3cc35xmk
https://tinyurl.com/5z4hhrm6
https://tinyurl.com/mr3hpbch
https://tinyurl.com/yc7utxye
https://tinyurl.com/ywe4bjpw
https://tinyurl.com/tv5ttphc
Have you ever thought about why insurance companies can pay such a large claim considering the small premium price? How can they survive with the many claims that occur? The following is a brief explanation of reinsurance!
Links:
https://youtu.be/a3gkPCbK0v4
https://youtu.be/21S9Vj1HSic
https://www.investopedia.com/terms/r/reinsurance.asp#:~:text=Reinsurance%20is%20the%20practice%20whereby,resulting%20from%20an%20insurance%20claim.
https://www.abbeyautoline.co.uk/knowledge-hub/living/what-are-the-most-expensive-insurance-claims-ever-made/
https://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp
https://www.theedgemarkets.com/article/how-aia%E2%80%99s-ipo-came-about
https://economictimes.indiatimes.com/definition/reinsurance
https://www.munichre.com/ca-non-life/en/solutions/why-reinsurance.html#:~:text=Reinsurance%20protects%20the%20cedent%20against,be%20involved%20in%20one%20occurrence.
https://www.insurancebusinessmag.com/us/news/breaking-news/these-are-the-top-10-reinsurance-companies-in-the-world-189205.aspx
https://www.insurancebusinessmag.com/us/news/breaking-news/revealed--the-worlds-50-largest-reinsurance-companies-418331.aspx
https://www.finweb.com/insurance/7-types-of-reinsurance.html
https://www.lnginsurance.com/blog/types-of-reinsurance/
Insurance is very important to protect and anticipate events that require us to spend a lot of money. Have you been protected? The following are some examples of types of insurance that are often purchased and used.
Links:
https://www.investopedia.com/financial-edge/0212/4-types-of-insurance-everyone-needs.aspx
https://www.forbes.com/advisor/insurance/types-of-insurance-policies/
https://saylordotorg.github.io/text_law-for-entrepreneurs/s22-01-definitions-and-types-of-insur.html
https://blog.fatberry.com/general-insurance/types-of-insurance/
https://www.investopedia.com/terms/l/lifeinsurance.asp
https://www.allianz.com.my/personal/home-motor-and-travel/home/houseowner-and-householder-insurance.html
https://www.zurich.com.my/en/insurance-products/protection/for-my-property/fire-insurance#:~:text=The%20fire%20insurance%20policy%20covers,during%20the%20period%20of%20insurance.
https://www.guardianlife.com/disability-insurance/need
Have you ever imagined that what you do every day has a positive effect on you? Try reading this summary from us!
https://www.theactuary.com/features/2015/03/2015/02/26/power-focus
https://www.entrepreneur.com/business-news/the-5-habits-that-can-change-your-life/394355
https://forge.medium.com/10-life-changing-habits-you-can-form-within-66-days-cde61237577
https://www.livingwellspendingless.com/10-good-habits-will-change-life/
https://www.entrepreneur.com/growing-a-business/25-best-habits-to-have-in-life/299317
https://www.swiftfit.net/blog/daily-habits-to-improve-your-life
https://medium.com/mind-cafe/7-daily-habits-to-improve-your-life-starting-today-32c88e22d457
https://goodmenproject.com/featured-content/the-one-habit-that-changed-my-life/
https://medium.com/personal-growth/one-habit-that-changed-my-life-63b4074eea28
http://pacificwestmotionpictures.com/2016/04/28/advantage-documentary-films/
https://www.globalcitizen.org/en/content/7-benefits-of-learning-another-language/
The actuarial field continues to have great and meritorious people from time to time, here are some of them!
Sources:
http://travellingactuary.com/famous-actuaries/
https://futuretrack.org/most-famous-actuaries-in-the-world/
https://www.quora.com/Who-are-the-most-famous-actuaries
https://www.actuaries.org.uk/news-and-insights/news/five-times-actuaries-have-been-portrayed-movies
https://www.actuaries.digital/2019/03/05/five-pioneering-women-in-the-actuarial-profession/
https://newsday.co.tt/2018/11/15/caribbean-actuary-receives-international-award/
https://www.searchlight.vc/searchlight/features/2018/11/23/prominent-caribbean-actuary-receives-international-award/
https://www.soa.org/globalassets/assets/library/newsletters/the-actuary/1980/june/act-1980-vol14-iss06-lucy.pdf
https://theactuarymagazine.org/who-knew/
https://www.insurancehalloffame.org/professor-g-s-diwan-simple
https://www.insurancehalloffame.org/james-c-h-anderson-simple
https://en.wikipedia.org/wiki/Bill_James
https://de.wikipedia.org/wiki/August_Zillmer
https://www.theactuary.com/archive/old-articles/part-1/2012/09/21/calculating-women
We learn many things in actuarial studies whose knowledge we can apply to several other jobs like these things!
Sources:
https://eduadvisor.my/articles/jobs-you-can-do-with-an-actuarial-science-degree/
https://apps.illinoisworknet.com/cis/clusters/OccupationDetails/100003?parentId=110600§ion=similar§ionTitle=Similar%20Jobs
https://www.indeed.com/career-advice/finding-a-job/actuary-similar-professions
https://www.degreequery.com/what-kind-of-job-can-you-get-with-a-degree-in-actuarial-science/
https://www.greatbusinessschools.org/degrees/actuarial-science-degrees/
https://www.soa.org/future-actuaries/career-paths/
https://www.stoodnt.com/blog/careers-in-actuarial-science-introduction-education-top-universities-jobs/
https://online.maryville.edu/blog/actuary-vs-financial-analyst/#:~:text=Actuary%20Overview,possible%20outcomes%20in%20a%20company.
https://www.bls.gov/ooh/business-and-financial/market-research-analysts.htm#:~:text=Market%20research%20analysts%20gather%20and,them%2C%20and%20at%20what%20price.
https://www.thebalancecareers.com/market-research-analyst-job-description-salary-and-skills-2061804
https://corporatefinanceinstitute.com/resources/careers/jobs/credit-analyst-job-description/
https://www2.deloitte.com/br/en/pages/audit/solutions/auditoria-atuarial.html
https://www.grsconsulting.com/wp-content/uploads/2020/10/GRS-Perspectives-Actuarial-Audits-FINAL.pdf
https://www.quora.com/How-do-I-to-choose-career-mathematician-or-actuary
https://www.degreequery.com/what-is-the-benefit-of-a-mathematics-degree-vs-an-actuarial-science-degree/
https://www.yourfreecareertest.com/mathematician/
https://www.niu.edu/clas/statistics-actuarial/why/index.shtml
https://www.careerexplorer.com/careers/questions/68/what-is-the-difference-between-an-actuary-and-a-statistician/
Have you ever procrastinated? Do you have problems with time management? You can try some of these methods to solve these problems!
Sources:
https://clockify.me/time-management-techniques
https://www.usa.edu/blog/time-management-techniques/
https://www.timecamp.com/blog/2021/12/15-effective-proven-time-management-techniques/
https://www.themuse.com/advice/take-it-from-someone-who-hates-productivity-hacksthe-pomodoro-technique-actually-works#:~:text=The%20Pomodoro%20Technique%20is%20a,are%20referred%20to%20as%20pomodoros.
https://kristofberg.medium.com/how-to-manage-your-time-with-kanban-ab2b1e3cf872#:~:text=Kanban%20is%20a%20simple%20board,project%20management%20tool%20by%20companies.
https://asana.com/resources/parkinsons-law
https://www.agilify.co.uk/parkinsons-law-good-or-bad/
https://www.tempo.io/blog/eat-the-frog-0
https://www.lifehack.org/articles/featured/how-to-use-parkinsons-law-to-your-advantage.html
https://trippbraden.com/2020/06/23/make-meetings-more-productive-today/
https://www.mindtools.com/pages/article/newHTE_91.htm#:~:text=The%20urgent%20are%20not%20important,effective%20as%20well%20as%20efficient.
https://todoist.com/productivity-methods/eisenhower-matrix#how-to-implement-the-eisenhower-matrix-in-todoist
https://www.mindtools.com/pages/article/newTED_01.htm
https://www.investopedia.com/terms/p/pareto-analysis.asp#toc-what-is-pareto-analysis-used-for
https://productiveclub.com/pomodoro-technique/
https://vivaldi.com/blog/pomodoro-timer-in-browser/
https://www.integrify.com/blog/posts/kanban-project-management/
https://asana.com/resources/parkinsons-law
https://hourstack.com/blog/21-techniques-to-kill-procrastination-and-eat-that-frog
https://hive.com/blog/eisenhower-matrix/
https://adabgmwwup.cloudimg.io/v7/_queerty-prodweb_/2022/06/eisenhower-e1655100553884-670x428.jpg?&auto=format&auto=compress&w=1246
https://qi.elft.nhs.uk/resource/pareto-charts/
Do you know about the history of actuarial science? What about people's views of the future? Hope this post helps!
Sources:
https://futuretrack.org/beginning-and-history-of-actuarial-science/
https://www.replacedbyrobot.info/69657/actuaries
https://www.soa.org/news-and-publications/newsletters/innovators-and-entrepreneurs/2017/november/ei-2017-iss-61/actuarial-profession-in-the-age-of-artificial-intelligence-and-process-automation/
https://willrobotstakemyjob.com/actuaries
Facing the actuarial exam is not easy. Various preparations and efforts need to be given to face all of this. Here are some tips!
Sources:
http://www.rethinkstudying.com/actuarial-exam-guide/
https://www.actuaries.org.uk/news-and-insights/news/effective-studying-habits-ace-actuarial-exams
http://www.rethinkstudying.com/overlooked-study-skill/
https://www.casact.org/newsletter/article/study-tips-and-tricks
Actuary is a fairly broad occupation, and there are several types within it. Here are some examples!
Source:
https://etchedactuarial.com/5-main-types-of-actuaries-plus-entry-level-salary/
https://www.quora.com/What-are-the-different-types-of-actuaries
https://theactuarialclub.com/2017/06/27/8-types-of-actuaries/
https://financeplusinsurance.com/types-actuaries-role-description/
https://www.actuaries.org.uk/practice-areas/general-insurance/about-general-insurance
https://www.annuity.org/retirement/actuary/
https://actuaries.asn.au/microsites/actuaries-managing-risk/education-and-resources/education
https://www.zippia.com/pricing-actuary-jobs/what-does-a-pricing-actuary-do/
Have you practiced before undergoing an interview? Here is a definition and some of its benefits!
Sources:
https://www.indeed.com/career-advice/interviewing/prepare-for-a-mock-interview
https://www.thebalancecareers.com/how-to-use-mock-interviews-to-practice-interviewing-2061626
https://corporatefinanceinstitute.com/resources/careers/interviews/mock-interview-guide/
https://www.monster.com/career-advice/article/practice-makes-perfect
https://www.challengeconsulting.com.au/announcements/4-benefits-of-mock-interviews/
https://clarusway.com/benefits-of-mock-interview-and-how-to-prepare/
https://www.peoplehum.com/glossary/mock-interview
https://www.coloradomesa.edu/career/employment-readiness/interviewing.html
https://an.edu/blog/4-reasons-why-you-need-to-do-a-mock-interview/
https://content.wisestep.com/mock-interview-advantages-benefits/
https://www.sciencedirect.com/science/article/abs/pii/S002210311300036X
There are several reasons why actuaries are happy, here are some of them!
Sources:
https://www.actuarialcareers.co.uk/profession-overview/why-are-actuaries-happy/#:~:text=The%20decisions%20an%20actuary%20makes,and%20is%20important%20in%20society.
https://www.careerexplorer.com/careers/actuary/satisfaction/
https://www.reddit.com/r/actuary/comments/5zlhf6/are_you_happy_as_an_actuary/
https://www.octalcomics.com/are-actuaries-happy/
https://www.quora.com/Do-you-regret-being-an-actuary/answer/Megha-Garg-10
Here are some tips to start your career as an actuary!
Sources:
https://theactuarymagazine.org/growing-network-knowledge-base/
https://www.reddit.com/r/actuary/comments/s2nb97/do_you_think_networking_is_important_as_an_actuary/
https://oxfordsummercourses.com/articles/8-benefits-of-networking-for-students/#:~:text=Every%20time%20you%20step%20out,succeed%20in%20making%20lasting%20connections.
https://www.asquarepartners.com/how-to-stand-out-as-an-actuary-3-in-demand-skills/
https://home.kpmg/xx/en/home/insights/2018/12/actuaries-of-the-future-fs.html
https://www.michaelpage.com.au/advice/career-advice/career-progression/benefits-networking
Have you ever imagined what you do every day as an actuary? Here are some examples from the actuaries themselves!
Sources:
https://www.reddit.com/r/actuary/comments/gytz5v/comment_below_what_a_day_in_your_life_looks_like/
https://www.reddit.com/r/actuary/comments/jq98xp/day_in_the_life_of_an_actuary_nonconsulting/
https://inspiringactuaries.com/day-in-the-life/
https://www.princetonreview.com/careers/3/actuary
https://www.soa.org/future-actuaries/day-in-the-life/
Here are some points that are the reasons why people choose to become an actuary, both
from general opinion and based on direct experience from the actuaries.
Link to the video :
https://www.youtube.com/watch?v=iExrrjS8AXE
Sources:
https://www.reddit.com/r/actuary/comments/8f404i/do_you_enjoy_being_an_actuary/
https://www.actuaries.org.uk/news-and-insights/news/how-secure-actuarial-internship
https://www.actuaries.asn.au/becoming-an-actuary/career-information
https://inspiringactuaries.com/why-i-love-being-an-actuary/#:~:text=Actuaries%20participate
%20in%20high%2Dlevel,your%20solution%20impacts%20real%20lives.
https://etchedactuarial.com/should-i-be-an-actuary/
https://www.actuarialcareers.co.uk/profession-overview/reasons-to-become-an-actuary/
Microsoft Excel is a multifunctional application, which greatly facilitates us in calculating and processing data. Some of these formulas are basic formulas that can be useful for actuaries.
https://excelwithbusiness.com/blogs/news/15-excel-data-analysis-functions-need
https://etchedactuarial.com/actuaries-excel/
https://www.kelasexcel.id/2019/07/rumus-datedif-excel.html
https://exceljet.net/index-and-match
https://exceljet.net/excel-functions/excel-offset-function
https://www.ablebits.com/office-addins-blog/2015/08/06/excel-round-functions/#CEILING-function
https://exceljet.net/excel-functions/excel-minifs-function#:~:text=latest%20project%20dates-,The%20MINIFS%20function%20returns%20the%20smallest%20numeric%20value%20that%20meets,value%20that%20meets%20supplied%20criteria.
https://www.learnexcelnow.com/excel-left-and-right-functions/#:~:text=These%20are%20text%20functions.,starting%20at%20the%20rightmost%20point.
https://www.ablebits.com/office-addins-blog/2015/10/07/excel-find-search-functions/
A balance between academic skills and non-academic skills is needed by every actuary in the workplace. Here are some examples!
https://www.indeed.com/career-advice/career-development/time-management-skills
https://www.investopedia.com/articles/investing/052015/top-5-skills-every-actuary-needs.asp
https://hewittstone.com/the-top-5-soft-skills-you-need-to-succeed-as-an-actuary-in-general-insurance/
https://theactuarymagazine.org/upskill-those-soft-skills/
https://www.collegevaluesonline.com/lists/skills-necessary-to-be-an-actuary/
https://www.quora.com/What-coding-languages-should-I-learn-if-I-want-to-become-an-actuary
https://www.actuaries.org.uk/news-and-insights/news/5-key-skills-graduating-actuaries
Becoming an actuary is not only limited to university education. There are still a lot of steps ahead and here are some tips for young actuaries!
Sources:
https://tansueechieh.com/61-tips-for-young-actuaries/
https://www.indeed.com/career-advice/career-development/determination
https://actuarialzone.org/career-tips/tips-for-a-successful-career/
https://www.linkedin.com/pulse/5-tips-starting-your-actuarial-career-adam-noreen
https://www.collegeconsensus.com/careers/actuary-guide/
https://inspiringactuaries.com/crunch-time-study-tips/
https://www.actuaries.digital/2015/07/14/6-exam-tips-to-ace-actuarial-studies/
https://www.actuaries.digital/2021/09/16/helpful-tips-for-being-a-healthier-actuary/
https://weekplan.net/online-course-time-management/how-to-spend-more-time-quadrant-2/
https://www.soa.org/sections/health/health-newsletter/2020/december/hw-2020-12-hammer/
Maybe some of us are still confused about careers as actuaries. Here are some frequently asked questions, hope it helps!
Sources:
https://www.proschoolonline.com/blog/what-is-actuaries-about
https://etchedactuarial.com/actuarial-career-path/
https://www.geteducated.com/career-center/detail/actuary/
https://www.quora.com/How-long-did-it-take-you-to-become-a-certified-actuary-and-where-are-you-now
An internship is needed to increase knowledge and work experience directly. However, have you started preparing for this? Check out the following post.
Sources:
https://www.forbes.com/sites/ashleystahl/2020/01/29/how-to-use-linkedin-to-your-advantage-tips-to-build-career-success/?sh=3bf3aa614035
QR Code link:
https://www.themuse.com/advice/internship-interview-questions-answers
Educational Posts
We tend to see a lot of news articles and posts talking about the economy but do we exactly understand the terms that are used in them. Or do we understand what impact those economic indicators have on us? Therefore, this post will help you strengthen your basic understanding of economic terms.
Sources:
https://www.visionofearth.org/news/economics-key-terms-and-definitions/ https://www.investopedia.com/terms/i/inflation.asp https://www.investopedia.com/terms/e/economicgrowth.asp
Do and Don’t in Job Interview Performing well in an interview can increase the chance of receiving a job offer. Knowing what to do and what not to do can be the reason of receiving a job offer or losing an opportunity. A job interview is not a test of your knowledge, but your ability to use it at the right time. Think of your job interview as a battle in which your work experience is your strategy, skills are your ammunition, nervousness is your enemy and confidence is your ally. Good Luck and All the Best. 😎😎
😎
Sources: https://www.livecareer.com/resources/interviews/prep/interviewing-dos-donts https://www.learnhowtobecome.org/career-resource-center/interview-dos-and-donts/
In this digital era, machine learning is vital because it can assist in deciphering the structure of data and fitting that data into models that people can comprehend and use.
As a result, peoples will not need to construct the model themselves, freeing up their time to accomplish other things. ⚙️ In this post, you will learn about the fundamentals of machine learning as well as how actuaries use it in their work. 💡
To know more about machine learning and the relationship between actuaries and machine learning, feel free to visit the sources below. 😉
Sources: -https://searchenterpriseai.techtarget.com/definition/machine-learning-ML -https://boksburgadvertiser.co.za/403172/how-is-machine-learning-changing-the-world-of-actuaries/ .
Apart from spending time in lectures, library, canteen etc, there is one more thing which can help you in this life-changing
experience in your university, being a part of a club or committee.
Serving on a committee board can provide professional growth opportunities and strengthen your personal brand during
university. This is the place which can impact or even influence your career plan, and student experience in a hugely
positive manner.
To read more about the reasons why you should join a club or committees, feel free to visit to:
https://insideiim.com/5-reasons-why-you-should-join-a-club-or-a-committee-at-your-b-school
Actuaries use a range of expertise in mathematical, statistical, and financial areas to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk.
The actuarial world can be deemed to be a complex one. That's why several books are written by great authors to gain better undestanding of these concepts.
Hence, here are the 5 best books for aspiring actuaries!
Source:https://www.wallstreetmojo.com/top-best-actuaries-books/
Our favorite hobbies are what keep us busy and happy at the same; but did you know the important role that it plays in our day to day life.
Moreover, if you're struggling to find a hobby that would benefit your health significantly or if you're struggling to even find a hobby for yourself then this post will prove to be beneficial to you.
Sources:
https://online.kettering.edu/news/2019/04/15/why-hobbies-are-important
https://www.uaex.edu/life-skills-wellness/extension-homemakers/Hobbies_LessonGuide.pdf
The Popular Programming Languages in Actuarial Field😎😎😎
Learning to code is about so much more than memorizing syntax rules and vocabulary. It’s about exploring, discovering, seeing the bigger picture…
Actuaries use a series of commands to tell the computer to implement a specific task. They use programming to automate recurring tasks that would otherwise need to be done manually. The tool is important for actuaries, in order to increase work efficiency and decrease their workload.
“Computer programming is quickly becoming an essential career skill. Learning to code is a fantastic opportunity equalizer — if you’re good at it, it can help you achieve your dreams.” —Cory Booker, U.S. Senator, New Jersey
Source: https://online.maryville.edu/blog/popular-programming-languages/
Meet difficulties when studying actuarial science❓
Need some interesting educational videos to increase your knowledge❓
Khan Academy and others are here for you‼️
Swipe to know more YouTube learning channels and share them with your friends 👥!
"Learn continually - there's always 'one more thing' to learn!" -Steve Jobs-
Source: https://www.uopeople.edu/blog/best-educational-youtube-channels-for-college-students/
Undeniably, the lump sum of money will always have an irresistible charm to fraudsters in the financial sector regardless of how strict the rules and regulations are. They are willing to play dirty to grab millions and even billions of dollars.
Hence, the terrible consequences that brought their entire organisations down and impacted millions of people are the result due to their overwhelming greed. In this post, you have a chance to see the real example of economic scandals happened in the past. 📖
Therefore, let us learn from the lessons and always remind ourselves to avoid making same mistakes.😉
If you want to learn more about great scandals of all time, please visit https://www.worldfinance.com/markets/top-5-biggest-financial-scandals-of-all-time
University is often the first time for many to live independently and get to explore new experience. While it's an exciting journey ahead, it can also be hard, anxious and scary for some to stand on their own feet. However, your first university life is an one and only special experience as everything new to you. So, don't waste your time to step back and overthinking, otherwise you'll spend more time regretting it at a later time. Instead, let's step out of our comfort zone and make it a unique and memorable one, let's make the most out of our university life!!
Hope you're making the most out your university life despite the pandemic situation. 😉
Insurtech is revolutionizing the way the traditional insurance industry operates. 👩💻
Today, insurtech has impacted nearly every segment of the insurance business, sparking the development of simpler products and consumer-friendly services.
Hence, the impacts of insurtech on future actuaries can be immense!🎇
Here is how insurtech is transforming the insurance industry:
Read full article: https://www.meetbreeze.com/blog/what-is-insurtech/
Don’t let the pressure of the exam period affect your performance. 😱 There are lots of ways to relieve study stress and help you to organize your study timetable.
As a student, making a study timetable is an effective time management strategy which will allow you to be efficient and succeed in university. WHAT is a Study Timetable, and WHY does it matter?
By following the tips, you will have the tools to make the perfect study timetable. ✅
Source from: https://urbanest.com.au/how-to-make-the-perfect-study-timetable/
We all spend a major part of our day using our phones and laptops scrolling through social media and that is how you found this post too :D
However, overuse and addiction to tech devices and social media is an increasing problem around the world which leads to mental health issues. Research suggests that limiting your social media use to approximately 30 minutes per day can significantly improve well-being, decreasing symptoms of loneliness and depression. So if you feel that your usage is much higher than this and needs to be reduced then digital detox is the way to go and you have stopped by at the right post!
Sources:
https://www.verywellmind.com/why-and-how-to-do-a-digital-detox-4771321#:~:text=%E2%80%9CDetoxing%E2%80%9D%20from%20digital%20devices%20is,that%20stems%20from%20constant%20connectivity.
https://www.newportacademy.com/resources/restoring-families/digital-detox/
Actuaries Work in Teams
Actuaries use historical statistics including death, injury, disease, disability, and retirement rates to create probability tables that predict risk and liability for potential pension payments. 💵
Actuaries don't work alone; they're usually part of a team that includes managers and experts from other fields such as accounting, underwriting, economics, and statistics. 👨🏼💻👩🏻💻👨🏻💻👩🏽💻
They analyse the risk of investing in a business using documents presented by accountants such as income statements. Financial analysts help consumers to make decisions based on knowledge presented by actuaries. Statisticians assist them with processing vast amounts of data and developing risk assessment programmes.
Sources:
-https://etchedactuarial.com/actuary-vs-accountant/#:~:text=Actuaries%20and%20accountants%20can%20work,an%20insurance%20company%27s%20policy%20liabilities.
-https://www.investopedia.com/articles/professionals/092115/career-advice-financial-analyst-vsactuary.asp
-https://online.maryville.edu/blog/actuary-vs-data-scientist/
It is very common for us to use English in our every day life, especially when we are travelling to other countries or doing businesses and networking with people from around the world 🌏
But do you know what languages are most spoken after English❓
If you ever wanted to learn a new language, here are the top five most spoken languages with some interesting facts for you❗
Sources:
- https://blog.lingoda.com/en/most-spoken-languages-in-the-world-in-2020/
- https://gurmentor.com/what-is-the-most-spoken-language-in-the-world/
"Are these what you are looking forward to?
✅Brighter future 🏅
✅More working opportunities 👨💻
✅More knowledgeable 🧠
✅More successful in actuarial industry 💪
🍁Check out this post to know what characteristics you need in order to achieve these goals and be a competent actuary🏆
Sources: -https://www.beanactuary.org/how-do-i-get-started/is-this-the-career-for-you/ -https://www.actuaries.org.uk/news-and-insights/news/5-key-skills-graduating-actuaries"
Still not sure whether being an actuary is your cup of tea?
Hope the list of Pros and Cons helps to give you an idea.
The actuary profession is no doubt a challenging career path.
At the same time, it is also a rewarding one after all the conquer.
Risk is Opportunity, everyday's an adventure when you're an actuary.
“The actuary who is only an actuary is not an actuary.” - Frank Mitchell Redington , Former President of IFoA
Sources:
- https://careers.alot.com/career-paths/the-pros-and-cons-of-being-an-actuary--14006
- https://www.youtube.com/watch?v=lWGHXUIY0xA
It's been almost one year since we dealt with regular online classes, how do you usually avoid burnout during online studies?
Above are some tips for you! Taking breaks, keeping journal as well as taking care of our mental health are equally important!
More information and examples from: https://www.studlife.com/forum/2020/09/24/staff-editorial-how-to-not-burn-out-in-online-classes/
We all chose to dive in the Actuarial World for different reasons💫
But we often hear claims such as "Actuaries have to do the same repetitive work from 9 to 5 for the rest of their life", "Actuaries have to work alone without much communication from the rest of the staffs" etc
To what extent is that true?🤔
Sources from : https://www.smithhanley.com/2017/03/06/why-being-an-actuary-is-so-exciting
Choose a job you love and you will never have to work a day in your life” – Confucius😎
A lot of people might have the same question in their minds, “Does actuarial work only involve sitting in front of the laptops and computers?”🧐.
It is, BUT it is only A PART of it. So what are the working conditions should we expect as an aspiring actuary?👆👆