What Do Actuaries Do At Insurance Companies?? Should actuaries work for insurance companies?

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Actuary elle

Күн бұрын

Пікірлер: 75

@Actuaryelle 4 жыл бұрын

Still confused about what actuaries actually do? Check this out: kzfaq.info/get/bejne/mtlxgtWGzL26f5s.html

@avishekbiswas4121 4 жыл бұрын

Congrats! you explained actuarial work in P&C in such a compelling way that no one gave a dislike. There was something about watching your videos that made the decision easy for me to follow the path. I hope to cross paths with you again in the near future where the environment is less stressful. Btw it feels great to take that Monday off when you consistently work overtime after 5

@Actuaryelle 4 жыл бұрын

Thank you 😊

@ezechielamoussou7409 9 күн бұрын

Thank you for this video ! It was so easy to understand. And very informative.

@softballgirl64able 4 жыл бұрын

2 videos in 1 week! Love the way you are using your time during self-isolation/social distancing!! Looking forward to learn more about reserving in the next video!!

@Actuaryelle 4 жыл бұрын

Gotta keep busy with indoor activities 😎 are you finding ways to stay entertained indoors?

@softballgirl64able 4 жыл бұрын

Actuary elle walks around the apartment complex, grad class, work! We are staying plenty busy 😁

@Actuaryelle 4 жыл бұрын

Good good! I've been doing yoga at home to try to counter all the couch time 😂

@licht3457 4 жыл бұрын

So happy that you are uploading again.

@Actuaryelle 4 жыл бұрын

Happy you're watching!

@rishabprakash2541 4 жыл бұрын

Wow! another videos so soon!! Thank you😁😁😁

@Actuaryelle 4 жыл бұрын

Hope you enjoy it 😊

@mahavirgupta1266 4 жыл бұрын

I am also doing an Actuarial science from India. Your video helping me for.. because I don't have an Idea about or it's say that I have not More knowledge about what an actuaries do..or how they work.... Your all video is motivate me to do an Actuarial science....... Thank you so much for giving me excitement for doing an Actuarial science..... Thanks so much mam..🤗🤗🤗

@Actuaryelle 4 жыл бұрын

Good luck 😊

@mahavirgupta1266 4 жыл бұрын

@@Actuaryelle thank you mam🤗🤗

@ArnaudG92 4 жыл бұрын

Thank you so much for sharing this, I am considering pursuing a career in actuarial science and this helps a lot framing the possibilities offered in this field !

@Actuaryelle 4 жыл бұрын

Glad you enjoyed 😊

@hoangyung2456 4 жыл бұрын

Would be nice if you could do a day in a life of an actuary

@Actuaryelle 4 жыл бұрын

Think that'll have to wait until the world goes back to normal

@Eyecandy112486 3 жыл бұрын

These videos are awesome. Thanks for breaking it down for us!

@cryptonomics9925 2 жыл бұрын

Wow. I didnt know someone can make such a niche topic on actuarial science.

@abhaydutt5526 4 жыл бұрын

Heyy huge fann elle you are my role model love you thanks for motivating always💕😍

@Actuaryelle 4 жыл бұрын

Thank you so much for your kind words!

@reformed5786 4 жыл бұрын

Have you ever thought of making a video about whether or not can AI replace actuaries, or how AI and future technologies are going to impact the actuarial career in general?

@Actuaryelle 4 жыл бұрын

I wish I knew the answer to that question

@spencerkessler9785 4 жыл бұрын

In relation to this, do you ever fear being replaced by AI?

@Actuaryelle 4 жыл бұрын

Not in the near future

@wilsonkhong8396 4 жыл бұрын

Love your content. Looking forward to more day as a life of actuary contents :D

@Actuaryelle 4 жыл бұрын

Thank you 😊

@patriciaestherhernandezahj5624 3 жыл бұрын

Thanks for sharing Elle! Very interesting video :)

@Actuaryelle 3 жыл бұрын

Thank you!

@linsqopiring6816 10 ай бұрын

Hi. First video of yours I've seen and I have to say I love your energy and enthusiasm for what you do. Totally not the kind of person I expected from the image people have of those that work in insurance lol. I'm trying to get a handle on what actuaries do and one very basic question that I still don't know after reading a couple articles and watching your video is, who do you deal with as an actuary? You mentioned you determine "who" to charge more and who to charge less but is that down to an individual client or still in the categories? Would someone who is buying insurance talk to an actuary to have their risk level assessed? You see what I mean?

@Actuaryelle 10 ай бұрын

I dont work in a customer facing role. I work on algorithms that would then be used to charge customers for insurance

@linsqopiring6816 10 ай бұрын

@@Actuaryelle Got it. And I take it as far as you know that's the case with actuaries in general. Thanks.

@avishekbiswas4121 4 жыл бұрын

As part of the pricing team, do you ever calculate the elasticity of demand from increasing the price of auto/home insurance at renewals per year? Do you know why certain companies including ours no longer offer 2 year policies and do you support that decision?

@Actuaryelle 4 жыл бұрын

Yes we consider elasticity and quote competitiveness 😊 I don't know why 2 year policies fell out of fashion, but I'm in favor. Makes my calculations simpler 🤷‍♀️

@austindsamuel2723 4 жыл бұрын

I am the first viewer! Hi from India.

@Actuaryelle 4 жыл бұрын

Hello from Canada! Thank you for watching!

@KrishnaGupta-gj9yt 2 жыл бұрын

I am interested in actuarial science but you can tell me that this is a tough course or not.Is this is very hard for a average students.

@Ellellevlog 4 жыл бұрын

Why become an actuary when I can be a couch potato? Asking for a friend

@Actuaryelle 4 жыл бұрын

Why not both?

@techblob608 4 жыл бұрын

replying to your own comment is cool

@krystylsummers8749 3 жыл бұрын

I gave a brief record over the phone

@meenakshi6452 2 жыл бұрын

Which company do you work for?

@ishangupta7731 4 жыл бұрын

Can u tell what area in fiance actuary work Love your work Make me keep focusing on this path😉

@ishangupta7731 4 жыл бұрын

Finance*😂

@MegaGenius1999 4 жыл бұрын

Mj the actuary is a fellow in finance actuary. Refer his channel

@huonggianghoang3280 4 жыл бұрын

Huge loveeee ♥️

@Actuaryelle 4 жыл бұрын

❤❤❤

@noobmaster-dm7tu 4 жыл бұрын

could you please share about non insurance jobs for actuaries? finance? something else?

@Actuaryelle 4 жыл бұрын

I dont know much about that, so probably wont be making a video about that soon. Maybe one day!

@4seth 4 жыл бұрын

Do actuaries ever evaluate the technological change in healthcare?

@Actuaryelle 4 жыл бұрын

I havent personally, but I cant speak for all actuaries

@hikmattt 4 жыл бұрын

Hi Michelle, great channel, i find it super informative. I have a general finance background and currently I am a credit risk professional looking to become an Actuary. I have decided to take SOA exams. How fast Do you think can I get a proper job in say a large insurance firm? Is it enough that I pass first 2 exams? (P & FM) or do you need more exams ? Thanks in advance

@Actuaryelle 4 жыл бұрын

That's really going to depend on a lot of things, like where you live. Good luck with your exams 😊

@orozcoanizarederisaac6430 4 жыл бұрын

Hey ! I have a question I would like you to answer? Is it possible to write exam P and exam FM by the SOA, and then write the rest of them by CAS .

@Actuaryelle 4 жыл бұрын

Yes!

@vishalaggarwal7673 4 жыл бұрын

Which university from Canada would you suggest for doing actuarial science for international students ?

@Actuaryelle 4 жыл бұрын

If you google "center of actuarial excellence", I recommend filtering on Canadian universities and picking from that list 😊

@tawnericcunningham7755 4 жыл бұрын

Question. Do you think there's a timeframe to become an actuary? For example, would you say it's too late for a 26 year old to start pursuing this?

@Actuaryelle 4 жыл бұрын

Its definitely not too late, I know people who have started later, but its definitely harder. It's a lot of years of studying for actuarial exams. You have to ask yourself if you want to be 32 and studying for exams. If you have kids, do you want to take time away from being with them to study? I know people with kids who make that sacrifice, but it's a personal decision that should be considered seriously

@tawnericcunningham7755 4 жыл бұрын

@@Actuaryelle Thank you so much for the reply. I have no kids or significant other and have studied before for the P exam but decided it better to finish my B.S degree first. I actually work for an insurance company now but obviously not as an actuary. I always been aspired to be one since graduating college but you know how life can be.....Thank you again!

@kalyandey5195 4 жыл бұрын

Thanks a lot for sharing the valuable knowledge with us. I have few questions, if you can help me to get clarified with that, it will be a really great. 1. I am studying actuary from Institute of Actuary India. But, i am planing to move into Canada in next year. Is the actuary degree (from India) mutually recognized in Canada? Or, do i need to get membership and pass exam from IFOA (Actuary body in UK)? 2. I am currently working as a data scientist in Software company and having 8+ years of experience in programming & data analytics. Is this data science knowledge/skill set helpful to get job in actuary or in professional life of actuary? 3. I am 30 years old and have started studying actuary now. Is it already too late to get started in actuary career? I am really looking forward for a response. Thanks, Kalyan

@Actuaryelle 4 жыл бұрын

Hi! Thanks for reaching out! 1. I'm not an expert on mutual recognition, but my gut tells me that you would need to get IFOA exams, which can then be recognized by the Canadian Institute of Actuaries 2. Data science is incredibly important and a relevant skill for actuaries 3. Never too old Good luck!!

@kalyandey5195 4 жыл бұрын

@@Actuaryelle I have no words to say thanks to you. Really thanks a lot !!! This will give me huge boost in my confidence. Just last question - 1. With 4-5 Actuary papers cleared and having 8 years of programming & data science experience, will be good enough to get an entry level job in Actuary in Canada? 2. Is it a way, if i can move into Investment/Finance domain through actuarial experience?

@Actuaryelle 4 жыл бұрын

@@kalyandey5195 I would think that would make you employable, but we are in a weird world right now, so I dont know what the job market looks like at the moment. Yes you can move into investment as an actuary, or you could just try to get a job in investment directly

@kalyandey5195 4 жыл бұрын

@@Actuaryelle Thanks a lot. Anyway, i am not looking for job right now, neither i am applying PR in Canada right now. I am planning for applying PR in next year, hopefully, by that time situation will be settled down everywhere. Also, due to Covid-issue, i am guessing, Insurance company will do well in long run as many people might move to health/life insurance more (though i am not much aware of insurance industry in Canada now)