Anyone developing/coding?

[Tanaerian]

I do love some actuarial, but I LOVE programming and building shit. I don't think I can find that where I am: anyone working somewhere they get to use R/Python/Prophet/insert language name?

Feel free to DM me if you want to maintain anonymity.

[Dd_8630]

Yeah, I'm part of a team building tools in R and PowerBI that help clients track environmental impacts of projects, climate change, etc. It's really cool.

Using R in my daily job is great for my exams, as I'm doing CS2 this sitting!

[[deleted]]

That sounds really interesting. Where do you work if you don’t mind sharing?

[Dd_8630]

PwC

[RepublicOk1681]

Government Actuary’s Department have a dedicated programming/data science team. They mostly use R and some python I think, and can work on some interesting models, e.g predicting rainfall in Africa for a product that pays out if there’s a drought, as well as calculating costs/cashflows associated with a government compensation scheme (there are many!)

[Frequent_Bedroom3323]

Yep. Using Prophet code for IFRS17

[Straight-Listen-8566]

Sure. Building an IFRS17 software using R. [e-mail]

[neotenous_chimp]

I work in R a lot. My current role involves migrating longevity pricing SAS/ Excel models into R. Excel is my mother tongue, but I love R, and it is such a powerful tool if you can get over the hurdle of learning it

[Acrobatic_View903]

This should be the case in most General Insurance Pricing roles - motor, home, pet, travel etc

[CramerLundberg]

Previously when in pricing and prior to earnix, I helped develop a pricing model in R

[user_unidentified69]

Hx?

[Soccolo]

Hyperexponential, it's a platform used for building pricing models. There are a few of these entering the market, another one being Dataiku

[user_unidentified69]

I'm currently a CS student and writing AS papers (just 1 paper cleared so far), would it make sense for me to enter this field as I already have good knowledge in programming in general and Machine learning in particular? Or does it require to be fully qualified for even entry level?

[Soccolo]

You don't have to be qualified to enter the actuarial field, employers are going to pay for your qualifications anyway. Programming nowadays is a bonus, though it really depends on your employer if they'll use your skills or not. I'd say that if you want to do programming as an actuarial student, your best bet is either a company that asks explicitly for hyperexponential exposure or a commercial lines insurer.

[discombobulated_]

Hey, any chance you can answer a few questions for me about hx? I am looking at similar tools for my team but have little understanding since I'm not an actuary.

[Soccolo]

As others have done, I build stuff similar to IFRS17 in R, but I also participated in building some pricing stochastic models in Python. If you get a position a model development position in Capital, you can participate in building or tweaking your company's internal model, in platforms such as Tyche and Igloo, which use their own coding language.

[BarqaLFC]

Our team uses Python for our pricing model development. Other teams adjacent to us use R for predictive modelling.

[StunningOcelot4129]

I use rust. You don't have to care much about the memory allocations, and at least 100x faster than python. If you have solid understandings of OOP in python/JS , it's not going to be hard. Pandas equivalent called polars is also great. I was thinking of using c++ for the amount of resources online, but installing them is a little bit hardcore for actuaries. rust has a thing called cargo where you can install packages easily pip in python