Derivatives: Forwards vs Futures

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  Before understanding what is derivative, let’s learn what is underlying asset. Underlying asset: Underlying asset can be real asset such as commodities, gold etc or financial assets such as index, interest rates etc. Derivatives: ·         These are financial instruments who value depend upon or is derived from some underlying asset. ·         A derivative does not have its own physical existence, it emerges out of contract between the buyer and seller of derivative instrument. ·         Its value depends upon the value of underlying asset. Hence returns from derivative instruments are linked to returns from underlying assets. ·         The most common underlying assets are stocks, bonds, commodities, market indices and currencies. ·         Derivatives are mainly used to control risks. They can be used to reduce risks (a process known as hedging) or to increase risks in order to enhance returns (speculation)   Classification of Derivatives: ·         Broadly we c
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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

  1. Unknown11 October 2020 at 17:00

    I am a beginner in this field as such just appeared for my first paper as CM1 .. Soam I eligible for this workshop ?

    ReplyDelete
  2. FM Financial Group29 October 2020 at 14:37

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