| Edition |
2nd ed. |
| Description |
1 online resource |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
| Summary |
What would you like to do with your life? What career would allow you to fulfill your dreams of success? If you like mathematics-and the prospect of a highly mobile, international profession-consider becoming an actuary. Szabo's Actuaries' Survival Guide, Second Edition explains what actuaries are, what they do, and where they do it. It describes exciting combinations of ideas, techniques, and skills involved in the day-to-day work of actuaries. This second 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 first edition. Includes details on the new structures of the Society of Actuaries' (SOA) and Casualty Actuarial Society (CAS) examinations, as well as sample questions and answersPresents an overview of career options, includes profiles of companies & agencies that employ actuaries. Provides a link between theory and practice and helps readers understand the blend of qualitative and quantitative skills and knowledge required to succeed in actuarial examsIncludes insights provided by over 50 actuaries and actuarial students about the actuarial professionAuthor Fred Szabo has directed the Actuarial Co-op Program at Concordia for over fifteen years. |
| Bibliography |
Includes bibliographical references and index. |
| Note |
Online resource; title from publisher's Web site (ScienceDirect, viewed on June 1, 2012). |
| Contents |
Front Cover -- Actuaries' Survival Guide: How to Succeed in One of the Most Desirable Professions -- Copyright -- Dedication -- Table of Contents -- Acknowledgments -- Introduction -- What Is an Actuary? -- The Syllabus -- Q & A -- The Examinations -- Global Employers -- Online Resources -- Resources in Print -- 1 Actuarial Careers -- 1.1 Career Options -- Actuarial Terms, Acronyms, and Definitions -- Valuation Actuaries -- Pricing Actuaries -- Consulting Actuaries -- Pension Actuaries -- Financial Actuaries -- Risk Managers -- What Does It Take to Become an Actuary? -- 1.2 Benefits and Rewards -- 1.3 A Typical Day -- 1.4 Typical Projects -- Entry-Level Jobs -- Intermediate-Level Jobs -- Progression of Responsibilities -- Reality Check -- 1.5 Mathematical Skills -- 1.6 Complementary Disciplines -- Software Skills -- Programming Skills -- Business Skills -- Communication Skills -- 1.7 Actuaries of the Future -- 1.8 SOA versus CAS -- 1.9 Actuarial Accreditation -- 1.10 Associates and Fellows -- 1.11 Going for a Master's -- 1.12 Career Alternatives -- 1.13 Actuaries around the World -- Argentina -- Australia -- Austria -- Belgium -- Brazil -- Denmark -- Finland -- France -- Germany -- Hong Kong -- India -- Ireland -- Israel -- Italy -- Japan -- Malaysia -- Mexico -- Netherlands -- Norway -- Portugal -- Singapore -- South Africa -- Spain -- Sweden -- Switzerland -- United Kingdom -- Other Countries -- 2 Actuarial Education -- 2.1 The International Syllabus -- Financial Mathematics -- Probability and Mathematical Statistics -- Economics -- Accounting -- Modeling -- Statistical Methods -- Actuarial Mathematics -- Investment and Asset Management -- Principles of Actuarial Management -- Professionalism -- 2.2 The European Syllabus -- 2.3 The North American Syllabus -- 2.4 The SOA Examinations -- Associateship Examinations -- Fellowship SOA Examinations. |
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Finance/ERM Track -- Individual Life and Annuities Track -- Group and Health Track -- Investment Track -- Retirement Benefits Track -- Chartered Enterprise Risk Analyst Examinations -- Continuing Professional Development -- 2.5 The CAS Examinations -- Associateship Examinations -- Exam 1-Probability -- Exam 2-Financial Mathematics -- Exam 3F-Models for Financial Economics -- Exam 3L-Models for Life Contingencies and Statistics -- Exam 4-Construction and Evaluation of Actuarial Models -- Exam 5-Basic Techniques for Ratemaking and Estimating Claim Liabilities -- Exam 6-Regulation and Financial Reporting (Nation-Specific) -- VEE Requirement -- Professionalism Course -- Fellowship Examinations -- Exam 7-Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management -- Exam 8-Advanced Ratemaking -- Exam 9-Financial Risk and Rate of Return -- 2.6 Printed Study Material -- SOA Examinations -- FSA Modules -- CAS Examinations -- SOFE Exams -- EA Exams -- VEE Exams -- Seminars and Online Courses -- CERA Designation -- General Comments -- 2.7 Theory and Practice -- 2.8 Difficulty of the Examinations -- 2.9 Ways to Pass Examinations -- 2.10 Study Aids -- 2.11 Mathematical Foundations of Actuarial Science -- Ideas and Techniques -- Examination Topics -- Examination Questions and Answers -- 2.12 Microeconomics, Macroeconomics, Finance, and Theory of Interest -- Microeconomics -- Macroeconomics -- Theory of Interest -- Example Functions and Probabilities -- Examination Topics -- Examination Questions and Answers -- 2.13 Use of Actuarial Models -- Examination Topics -- Examination Questions and Answers -- 2.14 The CAS Version of the Actuarial Model Course -- Survival and Contingent Payment Models -- Frequency and Severity Models -- Compound Distribution Models -- Stochastic Process Models -- Ruin Models -- Simulation of Models. |
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2.15 Building Actuarial Models -- Ideas and Techniques -- Examination Topics -- Examination Questions and Answers -- 2.16 Advanced SOA Examination Topics -- SOA Associateship Course 5 [2002]-Application of Basic Actuarial Principles -- SOA Fellowship Course 6 [2002]-Finance and Investment -- SOA Fellowship Course 7 [2002]-Applied Modeling -- SOA Fellowship Course 8 [2002]-Advanced Specialized Actuarial Practice -- 2.17 CAS Courses Referenced in the Survey -- CAS Associateship Course 5 [2003]-Introduction to Property and Casualty Insurance and Ratemaking -- CAS Fellowship Course 6 [2003]-Reserving, Insurance Accounting Principles, and Reinsurance -- CAS Fellowship Course 7 [2003]-Annual Statement, Taxation and Regulation (Nation-Specific) -- CAS Fellowship Course 8 [2003]-Investments and Financial Analysis -- CAS Fellowship Course 9 [2003]-Advanced Ratemaking, Rate of Return, and Individual Risk Rating Plans -- 2.18 Professional Development Course -- 3 Actuarial Jobs -- 3.1 Landing Your First Job -- 3.2 Moving Up the Ladder -- 3.3 Salaries and Benefits -- 3.4 Company Reputation -- 3.5 Consulting versus Insurance -- Appendix A: Consulting Firms -- A.1 Aon Hewitt Corporation -- Careers -- Locations -- A.2 BNY MELLON -- Careers -- Locations -- A.3 Buck Consultants -- Careers -- Locations -- A.4 Deloitte -- Careers -- Locations -- A.5 Dion Durrell -- Careers -- Locations -- A.6 Ernst & Young -- Careers -- Locations -- A.7 Hay Group -- Careers -- Locations -- A.8 KMPG -- Careers -- Locations -- A.9 Mercer -- Careers -- Locations -- A.10 Normandin Beaudry -- Careers -- Location -- A.11 PricewaterhouseCoopers -- Careers -- Locations -- A.12 Towers Watson -- Careers -- Locations -- A.13 Other Firms -- Appendix B: Insurance Companies -- B.1 AEGON -- B.2 AIG -- B.3 Allianz -- B.4 Aviva -- B.5 AXA -- B.6 Desjardins -- B.7 Generali -- B.8 Great-West. |
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B.9 Manulife -- B.10 MetLife -- B.11 Munich Re -- B.12 Prudential -- B.13 RSA Insurance Group -- B.14 Sun Life Financial -- B.15 Swiss Re -- B.16 The Hartford -- Appendix C: Reciprocity Agreements -- C.1 United Kingdom and Australia -- C.2 United Kingdom and Canada -- C.3 United Kingdom and the United States -- C.4 United Kingdom and Japan -- C.5 United Kingdom and the European Union -- C.6 Within the European Union -- Appendix D: Actuarial Websites -- D.1 North American Sites -- D.2 International Sites -- Appendix E: Recruiting Agencies -- E.1 Prominent Agencies -- E.2 Sample Job Postings -- Valuation Actuary -- Pricing Actuary -- Consulting Actuary -- Pension Actuary -- Financial Actuary -- 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. |
| Subject |
Actuaries -- Vocational guidance.
|
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Actuaires -- Orientation professionnelle.
|
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BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
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Actuaries -- Vocational guidance
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| Other Form: |
Paperback 9780123869432 |
| ISBN |
9780123869432 (electronic bk.) |
|
0123869439 (electronic bk.) |
|
0123869897 |
|
9780123869890 |
| Standard No. |
AU@ 000049617876 |
|
CHBIS 009942989 |
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CHNEW 001010551 |
|
CHVBK 303548045 |
|
DEBBG BV042310459 |
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DEBSZ 405342381 |
|
NZ1 15192379 |
|
