Interview with Nikita Prabhu - General Insurance Actuary

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Ques 1: Why did you choose Actuarial Science as a career? Ans: I came to know about Actuarial Science when I was in high school from my father who is an insurance agent. He showed me the Ready reckoner for premium rates and told me that ‘actuaries’ were behind the mathematics of it. I researched the profession and found it quite fascinating. I could apply the knowledge gained from the study of mathematics, statistics, economics, and finance to solve a range of real-world problems. It seemed highly rewarding. Ques 2: How is it like to work in both consulting and core Insurance based company environments? Ans: I was fortunate to start my career in consulting with Ernst & Young. Early on in my career, I got exposure to the different fields that actuaries work in, such as life insurance, employee benefits and general insurance. This initial experience aroused my curiosity towards general insurance (GI) and hence I chose to become a GI actuary. In a consulting firm, you get the
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Life Insurance Workshop Structure in detail

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Life Insurance Syllabus updated as of December 2020:


1. Training on Solvency II
  • Presentation based
  • Cover all three pillars
2. Modelling of Life Insurance Reserving exercise
  • Perform Excel based modelling of Life insurance product that provides death, retirement and interval benefits
3. Assessment of Modelling exercise
  • A test will be conducted where the student has to prepare his own tool based on the data that we provide and then results will be checked
4. Investment Analysis of Insurance product
  • Excel based modelling
  • IRR and feasibility of other better investment options will be analysed based on Investment model


5. Life Insurance Handbook will be given for lifetime consists of 11 articles based on:
  • Life Insurance products in detail
  • Complex products not mentioned in CT Series books
  • Profit testing, Profit signature
6. Probability distribution for the following in layman terms:
  • Uniform
  • Bernoulli
  • Binomial
  • Poisson
  • Geometric
  • Negative Binomial
  • Hyper geometric
  • Gamma
  • Exponential
  • Beta
  • T
  • Chi-Square
  • F
  • Weibull
  • Pareto
  • Normal
  • Standard Normal
  • Lognormal
  • Burr
7. HR Tips and Tricks


Have a look at this video (But please note that it can take 5-6 days too)



Follow us on Linkedin: Actuary Sense

Follow us on Instagram: Actuary Sense

Let's have a look at some frequently asked questions after the below image:)




Ques: Is this Workshop online ?

Ans: Yes, it is an online workshop where we will teach you all the topics mentioned above.

Ques: How can I join this workshop ?

Ans: You have to stay updated on our Linkedin or Instagram pages for upcoming batches.

Ques: Will I get the certificate on completion ?

Ans: Yes. But please note that if you are only here for certificate then we are sorry, we will not teach you. Because we believe in infusing the greatest knowledge among actuarial aspirants around the world. Interviewer will not ask you whether you have any certificate or not. He will judge you on the basis of knowledge that you possess.

Ques: How does this workshop works ?

Ans: On our Linkedin or Instagram pages you will find google forms to fill up after that

·         You will receive a call from us for any general query and for the payment

·         You have to install Zoom video calling software on your Laptop

·         We will share our screen and then will teach you everything on an hourly basis

·         Your doubts will be taken during the session

Ques: How many students will be in one batch ?

Ans: We believe in quality over Quantity, therefore we will not fill up one batch more than 15 students and focus on each and every single individual.

Ques: In which language do you teach ?

Ans: English

 Ques: Is this Workshop Paid and how much is the fees ?

Ans: Yes, it’s a paid workshop and fees usually changes as per demand and supply concept but will always stays within reasonable amount. You will be happy to know that from this amount we used to pay fees for the actuarial students who are financially weak, we reimburse their examination and study material fees. 😊

Ques: How it will help me in finding my first Job ?

Ans: Workshop is designed in such a crisp manner that you will be able to understand the whole actuarial concept very easily and session will also be conducted on how to get the job. As on November 2020, we have taught around 420 students, out of which 315 got their actuarial Job

**** If you guys have any other general doubts, make sure to comment below and we will update our FaQs page*****


Comments

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