Actuaries' Survival Guide

Navigating the Exams as Applications of Data Science

3rd Edition - February 2, 2024
Authors: Ping Wang, Fred Szabo
Language: English
Paperback ISBN:
9 7 8 - 0 - 4 4 3 - 1 5 4 9 7 - 3
eBook ISBN:
9 7 8 - 0 - 4 4 3 - 1 5 4 9 8 - 0

Actuaries' Survival Guide: Navigating the Exams as Applications of Data Science, Third Edition explains what actuaries are, what they do, and where they do it. The book descri… Read more

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Actuaries' Survival Guide: Navigating the Exams as Applications of Data Science, Third Edition explains what actuaries are, what they do, and where they do it. The book describes exciting combinations of ideas, techniques, and skills involved in their day-to-day work. This edition has been updated to reflect the rise of social networking and the internet, the progress toward a global knowledge-based economy, and the global expansion of the actuarial field that has occurred since the prior edition.

Cover image
Title page
Table of Contents
Copyright
Dedication
Acknowledgments
Introduction
What Is an Actuary?
The Syllabi
The Examinations
Global Employers
Online Resources
Resources in Print
Chapter 1. Actuarial careers
Abstract
1.1 Career Options
1.2 Benefits and Rewards
1.3 Actuary vs Data Scientist
1.4 A Typical Workday
1.5 Typical Projects and Responsibilities
1.6 Mathematical Skills
1.7 Complementary Disciplines
1.8 Actuaries of the Future
1.9 Soa vs Cas
1.10 Accreditations
1.11 Associates and Fellows
1.12 Going for a Master’s Degree
1.13 Career Alternatives
1.14 Actuaries Around the World
Chapter 2. Actuarial education
Abstract
2.1 The International Syllabus
2.2 The European Syllabus
2.3 The North American Syllabus
2.4 The SOA Examinations
2.5 The CAS Examinations
2.6 Theory and Practice
2.7 Difficulty of the Examinations
2.8 Study Material and Resources
2.9 Ways to Pass Examinations
2.10 Study Aids
2.11 Mathematical Foundations of Actuarial Science – Probability and Calculus
2.12 Theory of Interest
2.13 Economics, Finance, and Accounting
2.14 Actuarial Mathematics
2.15 Modern Actuarial Statistics
Chapter 3. Actuarial jobs
Abstract
3.1 Landing Your First Job
3.2 Company Reputation
3.3 Salary and Benefits
3.4 Moving Up the Ladder
3.5 Consulting vs. Insurance
Appendix A. Consulting firms
A.1 Aon plc
A.2 Deloitte
A.3 Ernst &Young Global Limited
A.4 KPMG
A.5 Marsh &McLennan Companies
A.6 Milliman, Inc
A.7 PriceWaterhouseCoopers
A.8 Willis Tower Watson
Appendix B. Insurance companies
B.1 Allianz Group
B.2 Assicurazioni Generali S.p.A
B.3 AXA
B.4 Berkshire Hathaway Inc
B.5 China Life Insurance (Group) Company
B.6 Dai-ichi Life Holdings, Inc
B.7 Life Insurance Corporation of India
B.8 Nippon Life Insurance Company
B.9 Ping An Ins (Group) Company of China Ltd
B.10 Zurich Insurance Group Ltd
Appendix C. Reciprocity agreements
C.1 Mutual Recognition Agreement Example: MRA Between Institute and Faculty of Actuaries and the Institute of Actuaries of Australia
C.2 Organizations That Enter Mutual Recognition Agreements
C.3 MRAs Within the Actuarial Association of Europe
Appendix D. Actuarial websites
D.1 Actuarial Organizations
D.2 Actuarial Publishers and Exam Preparation Services
D.3 Test Centers
Appendix E. Actuarial recruiting agencies
E.1 Prominent Agencies
E.2 Sample Job Postings
Appendix F. SOA education summary
F.1 Associateship Requirements
F.2 Fellowship Requirements
F.3 Chartered Enterprise Risk Analyst (CERA) Requirements
Appendix G. CAS education summary
G.1 Associateship Requirements
G.2 Fellowship Requirements
Appendix H. Actuarial symbols
Appendix I. Bibliography
Index