Actuaries' Survival Guide

by Szabo

• ISBN13: 9780123869432
• ISBN10: 0123869439
• Edition: 2nd
• Format: Paperback
• Copyright: 2012-05-21
• Publisher: Elsevier Science

Summary

This is a hands-on introductory professional reference book for actuaries and those who aspire to be actuaries. The book includes industry information and techniques from over 150 experts within the actuary profession. This is a skill based book based on industry experience providing industry insight that no other book on the market offers. Several sources of information are included from societies such as the Society of Actuaries, the Casualty Actuarial Society, the Faculty of Actuaries, and the Institute of Actuaries. This reference combines available relevant information from various sources and presents that information in a concise and accessible way. The new edition includes many new updates including new exam requirements and industry changes. New industry focus Up-to-date exam information and materials Actuarial modeling Communication skill building Career advancement opportunities

Author Biography

Szabo's Actuaries' Survival Guide, Second Edition explains what actuaries are, what they do, and where they do it. It describes exciting combinations of the 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.

Table of Contents

Contents	p. vii
Acknowledgments	p. xi
Introduction	p. xv
What Is an Actuary?	p. xvii
The Syllabus	p. xvii
Q&A	p. xviii
The Examinations	p. xxi
Global Employers	p. xxii
Online Resources	p. xxii
Resources in Print	p. xxiii
Actuarial Careers	p. 1
Career Options	p. 1
Benefits and Rewards	p. 6
A Typical Day	p. 8
Typical Projects	p. 13
Mathematical Skills	p. 30
Complementary Disciplines	p. 44
Actuaries of the Future	p. 59
SOA versus CAS	p. 61
Actuarial Accreditation	p. 63
Associates and Fellows	p. 67
Going for a Master's	p. 68
Career Alternatives	p. 70
Actuaries around the World	p. 72
Actuarial Education	p. 91
The International Syllabus	p. 91
The European Syllabus	p. 93
The North American Syllabus	p. 94
The SOA Examinations	p. 96
The CAS Examinations	p. 105
Printed Study Material	p. 109
Theory and Practice	p. 111
Difficulty of me Examinations	p. 113
Ways to Pass Examinations	p. 116
Study Aids	p. 122
Mathematical Foundations of Actuarial Science	p. 126
Microeconomics, Macroeconomics, Finance, and Theory of Interest	p. 141
Use of Actuarial Models	p. 158
The CAS Version of the Actuarial Model Course	p. 176
Building Actuarial Models	p. 177
Advanced SOA Examination Topics	p. 192
CAS Courses Referenced in the Survey	p. 194
Professional Development Course	p. 198
Actuarial Jobs	p. 199
Landing Your First Job	p. 200
Moving Up the Ladder	p. 202
Salaries and Benefits	p. 203
Company Reputation	p. 208
Consulting versus Insurance	p. 210
Consulting Firms	p. 213
Insurance Companies	p. 231
Reciprocity Agreements	p. 239
Actuarial Websites	p. 245
Recruiting Agencies	p. 247
SOA Education Summary	p. 253
CAS Education Summary	p. 257
Actuarial Symbols	p. 259
Bibliography	p. 261
Index	p. 263
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