/r/actuary

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Subreddit for actuarial professionals, students and interested (innocent) bystanders. Note that this subreddit is primarily US/CAN focused, however all countries are free to participate.

Articles and links of interest to those in the actuarial profession.

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Professional Bodies

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Institute and Faculty of Actuaries (UK Profession)

Canadian Institute of Actuaries

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/r/ActuaryUK

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/r/actuary

49,378 Subscribers

0

Actex for Exam PA

Hi all, I’m prepping for exam PA in October using the actex manual. I’m just curious since their isn’t going to be any R coding on the exam how important is it that i read through the “Crash Course in R” section in the manual.

2 Comments
2024/06/30
02:55 UTC

3

Career Changer Resume Critique

Hello all!

I'm a career changer that would be very grateful for any feedback on my resume.

If it came across your desk for an entry level analyst role, would you schedule an interview?

Thank you all for your help!

2 Comments
2024/06/30
02:17 UTC

27

Model overfitting example from 1984

From a presidential election analysis conducted by a government employee, presented in a social setting

1 Comment
2024/06/29
18:39 UTC

0

Exams / Newbie / Common Questions Thread for two weeks

Are you completely new to the actuarial world? No idea why everyone keeps talking about studying? Wondering why multiple-choice questions are so hard? Ask here. There are no stupid questions in this thread! Note that you may be able to get an answer quickly through the wiki: https://www.reddit.com/r/actuary/wiki/index This is an automatic post. It will stay up for two weeks until the next one is posted. Please check back here frequently, and consider sorting by "new"!

9 Comments
2024/06/29
12:00 UTC

2

After FSA

What credential or programs do you guys intend to study after attaining the Fsa? Cfa, frm, or others?

27 Comments
2024/06/29
08:57 UTC

2

Predictive analytics course

Anyone taken the predictive analytic course from soa? Is it hard? How did you find it? Useful?

1 Comment
2024/06/29
08:56 UTC

9

Topic to talk about with your co-worker and/or boss

Since I like to watch movies/series, I tried to talk about it but sometimes, the genre doesn't match and I am almost always clueless other topic to follow up. Any ideas what would be a topic to talk in work environment ?

11 Comments
2024/06/29
05:39 UTC

20

ATPA - April 2024

Place to discuss results for ATPA April 2024 session.

I’m happy to have passed!

I thought this test was considerably more difficult than the Final Assessment.

How did everyone else do?

16 Comments
2024/06/28
23:24 UTC

0

PAF Final Assessment Response length

Hi all,

I just have a quick question about the PAF final assessment. On average, how long were your responses to each question? I want to provide a thorough answer that covers all the bases, but I feel like a lot these questions don’t require that much space to answer thoroughly, and I don’t want to just add fluff to make my responses longer.

1 Comment
2024/06/28
19:52 UTC

2

MATE for GHDP in 2024?

From other posts and comments I’ve seen, MATE seems to be the best for the health FSA exams. TIA and others look pretty positive too, but MATE appears to be the gold standard. Is this still the case in 2024? The material being all printed worries me, considering how much of the exam requires excel. Just looking at the last released GHDP exam, how would a printed manual even go through a full length exam like that?

4 Comments
2024/06/28
17:28 UTC

2

Which position or domain to work internationally?

Hi everyone, I am actually working as an L&H Risk and Reinsurance Manager in France. Do you know company or job which would permit me to travel sometimes, for business or for professional meeting ? I guess I should try to enter in companies like Scor but does this type of job still exist ? Thanks !

5 Comments
2024/06/28
10:57 UTC

7

P&C - Fitting severity curves from ILFs

Hi, I'm trying to get an idea of a rough severity curve implied from an ILF. I know we can look at the relationship of the derivative of the ILF to give us an idea of the severity distribution, but I also thought as the ILF is the LEV(X) divided by LEV(base) then I can calculate this LEV function for a bunch of different severity curves easily enough, then fit this LEV function to my ILFs, and use the chosen curve as an indication of the severity curve.

I couldn't find any literature on this approach, and I've tried it and it seems to work OK, just wondering how people usually approach it.

5 Comments
2024/06/28
09:21 UTC

1

GHVR TIA Video and Outline

I just started to study for GHVR. I found that some contents in the TIA videos are not in the detailed outline, and some contents in detailed outline are not in the videos. I am wondering if anyone knows which one is more completed?

2 Comments
2024/06/28
06:44 UTC

0

TIA Formula Sheet

I plan on making the switch to TIA for exam 5 from CA but am disappointed they don’t have a formula sheet like CA. For people who have used TIA in the past, have you made your own formula sheet or maybe used CA’s? Any strategies to know which ones to write down? I am not a big note taker and did not write any formulas down for previous exams to look over but just used material and the formula sheet to do run throughs.

4 Comments
2024/06/28
03:24 UTC

0

FAM vs FAM-L and FAM-S

Do people recommend taking FAM altogether or split it up into the 2 shorter exams? And if taking FAM, what is a recommended amount of study time for it?

2 Comments
2024/06/27
22:00 UTC

12

What’s going on at Milliman’s P&C practice?

Recently, I’ve seen at least 3-4 people that I knew of from past interviews leave Milliman (from Principals to Associate Actuaries) go to other consulting firms. They were all P&C actuaries. Did something happen there recently?

2 Comments
2024/06/27
20:50 UTC

3

APC Question

For an in-person APC, is there anything else that we have to do besides attend the event? Like is there a paper we need to complete afterwards or anything like that? My job will give me study/exam time for the event/activity but I'm not sure if it is just the day or more to it.

Thanks!

8 Comments
2024/06/27
20:40 UTC

27

Who is comfortable staying in your role for the rest of your career and what role is that and why?

I've been thinking about my career as I'm just about to get started and right now I think the best life would be to get fully qualified, then not worry more about extra exams or climbing the corporate ladder. I've heard that some actuaries find this job suitable for it because it's very stable. What are your opinions on this?

16 Comments
2024/06/27
19:54 UTC

138

When you hear "Oh, so you're like an accountant?" for the 20th time and you've lost your patience.

12 Comments
2024/06/27
17:59 UTC

3

What is the best bang-for-your-buck actuarial position?

In your opinion, which general actuarial role/position provides the best bang-for-your-buck? Meaning, it offers the best tradeoff of salary, perks, satisfaction, etc to stress, discomfort, etc.

View Poll

7 Comments
2024/06/27
17:34 UTC

1

Multiview / BAII Plus: Summation button?

Is there a hidden summation function in any of these 2 calculators? I feel fucked when I try to calculate the mathematical expressions in Exam FM (like \sum_{k=1}^n kv^{k+1}) without WolframAlpha. If not, is there any easy way to calculate these expressions?

3 Comments
2024/06/27
16:32 UTC

22

Feb-Apr ATPA Results Waiting Room

Edit: got the email around 7:20pm EST! I passed, thank god!!

Results are coming out "late June" which I'm hoping means tomorrow. This is the first assessment I've taken that I'm actually nervous for the results. I can't stop refreshing Grade Release hoping they'll accidentally post it early lol.

Plus it doesn't help that the SOA can't figure out how to time things so if I failed I can't retake until October. Even though there's a June-Aug sitting. Sigh.

37 Comments
2024/06/27
15:48 UTC

5

June ASA List

Does anyone know when to expect the June ASA list to come out? I was thinking next Monday (7/1) or possibly Friday (7/5)?

3 Comments
2024/06/27
14:29 UTC

5

FAM-S or FAM-L content first?

My FAM manual is split in two - FAM-S/FAM-L. Is there a recommended one to do first, should I go back and forth, or does it not really matter?

7 Comments
2024/06/27
14:24 UTC

1

EXAM SRM

Has Anyone used TIA for Exam SRM, Need Reviews.

4 Comments
2024/06/27
04:17 UTC

0

Pre Actuarial foundations modules

Has anyone completed the module this year? I’ve been told that the assessment is not timed anymore and that it just needs to be submitted within the year of it being purchased, can someone confirm that this is true?

5 Comments
2024/06/27
02:28 UTC

41

Help Review "Spongebob's" Entry-Level Resume

SpongeBob is having a difficult time finding a job. He understands that it is not currently "hiring season," but the lack of responses is starting to worry him. Does he have it in him to be an actuary? Is he just cooked? He has been applying to entry-level, assistant, and intern positions in actuarial, underwriting, and analyst roles. Please help SpongeBob out!

He was also wondering if it is better to list Excel or Microsoft Office as a skill. Let him know if the technical experience portion is too confusing!

Thanks for any advice!

https://preview.redd.it/41ypjrvcr09d1.png?width=1700&format=png&auto=webp&s=aeba3e93736bfa533bce8906d25c3c532a9162da

9 Comments
2024/06/27
01:43 UTC

1

Fail ACIA Module 1 Quiz

I am wondering if anyone know the contact if I failed the quiz. I initially thought I had only taken the quiz twice, but I have recently realized that I have exhausted all three attempts. Thank you for the help!

2 Comments
2024/06/26
21:44 UTC

1

Any thoughts on WTW UK P&C

Just got an offer from WTW UK, in their P&C department to join as a Graduate Actuarial Analyst. Was wondering how do people find it? How is the work life balance? Do you feel satisfied to make the switch? How likely are you to work after 5pm?

To take this, ill have to leave my current job, which is mostly remote, the team is great too, its just that WTW would pay a lot more.

Would appreciate some honest opinion on this. Thanks.

0 Comments
2024/06/26
19:39 UTC

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