As reported in the Insurance Journal, a panel of actuaries gathering at the Casualty Actuarial Society’s Spring Meeting urged actuaries to lend their expertise as insurance companies try to understand what their social media data means. The article goes on to examine how the nature of the insurance business has made it difficult for insurance … Continue reading Actuaries and Social Media
What if we applied actuarial techniques to guess what will happen in the series between the Atlanta Hawks and the Chicago Bulls? As of 5/11, there are three possibilities: Chicago wins Game 6 in Atlanta Atlanta wins Game 6 in Atlanta; Chicago wins Game 7 in Chicago Atlanta wins Game 6 in Atlanta; Atlanta wins … Continue reading The NBA playoffs and What Actuaries Do
What would happen if an actuary evaluated the 2011 NFL Draft? In particular, the Atlanta Falcons big move, where they traded five picks to move from #27 overall to #6 overall. Is trading up at the cost of multiple picks, in general, advisable? As part of my wider reading around the issues of risk-management, I … Continue reading The NFL Draft – An Actuary’s Take
The Actuarial Board for Counseling and Discipline (ABCD) was established by the U.S. actuarial organizations to strengthen members’ adherence to the recognized standards of ethical and professional conduct. The ABCD’s history of public discipline indicates nine expulsions, three suspensions, and nine public reprimands since 1985. Three of the nine public reprimands occurred in 2010. The … Continue reading Actuarial Board for Counseling and Discipline activities for 2010