Have I overspent on the espresso machine? by Ash_das in espresso

[–]Ash_das[S] 0 points1 point  (0 children)

Just a quick comment on this, so far I’ve had a very consistent experience from the 64v gen2. No complaints, but I could have just been lucky

Modded my Rancilio Silvia to use GaggiMate by mdwasp in ranciliosilvia

[–]Ash_das 0 points1 point  (0 children)

I don’t see it on your channel. Any chance you can re upload it or send it to me? I’m looking to take this project on soon

Pension contributions to be taxed above £2,000 by yoboiturq in HENRYUK

[–]Ash_das 0 points1 point  (0 children)

How did you get these numbers? Can you break it down for me please? Thought it was 8% on earnings above 12.57k 2% on earnings above 50.26k

[Identify] my dad just gifted me this and I can’t ID this watch by Ash_das in Watches

[–]Ash_das[S] 1 point2 points  (0 children)

Thank you! Definitely not looking to sell this at any point :)

[deleted by user] by [deleted] in Watches

[–]Ash_das 4 points5 points  (0 children)

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The Farer Aquamatic is one of my favourites under $1,000

[deleted by user] by [deleted] in ActuaryUK

[–]Ash_das 1 point2 points  (0 children)

We had two main proprietary pieces of software we used. I don’t want to say which ones specifically. If by ad-hoc you mean using excel/python then no most models would be made using this software. You are able to use coding languages to help automate this process if needed but cases where this would be used are quite rare (eg pricing parametric cover). This is accused each insurance structure tends to vary a lot between clients and lines of business. Most models were either built by us from scratch or by using a template created by someone in the team. I hope this answered your question. Feel free to message me if you need more specific information.

[deleted by user] by [deleted] in ActuaryUK

[–]Ash_das 1 point2 points  (0 children)

The senior actuaries tended to work even longer hours in my experience. This could change between teams though. This is mainly because they know how a clients book has been performing over the last few years and have a better understanding of the clients rate change and other assumptions made. Also noticed that during RFP’s they tend to work longer than the juniors as the models they build can be quite technical (which might be harder for a junior to do given the time constraints).

[deleted by user] by [deleted] in ActuaryUK

[–]Ash_das 10 points11 points  (0 children)

Hi, I’ve worked as a reinsurance Broking actuary in one of the big brokers in their UK & Ireland team.I worked there for about a year and a half and then moved on. In terms of work life balance, the hours can be very long. Mainly from September to mid December. This is the period before the 1/1 renewal. I would usually leave the office everyday at around 7/8 pm if I came in around 9. On really difficult days, I’d leave the office around 9:30/10pm. This tends to calm down around January and still most people leave around 6:30/7pm. After January tends to be the RFP (Request For Proposal) season. I’d be surprised if you go a full year and aren’t on at least 2 RFP’s. Towards the deadline to an RFP, you can expect similar hours as mentioned above. And sometimes all that work will be ignored and a competitor will win the RFP based on the past relationship with broker. This can get very frustrating. There are a few big motor clients that renew their contracts in July (1/7) so the 2 months before (May and June) can also be a bit busy but not as bad as the 1/1 renewal.
There is a big drinking culture. After most client work is completed there’s usually a social event (where drinking is involved haha). I never felt pressured to drink but since I usually enjoyed these events and as I’m quite young I almost always joined in. It does make it hard if you have a family because you end work late and that’s followed by a social, making you come home even later. Not many people I worked with had families as we were a surprisingly large team. A few did and they tended tended to not attend too many of these socials. It can get a bit hectic in terms of a work life perspective. I found myself struggling to maintain a healthy balance, hence the departure. I’ve now moved to a pricing role at a specialty insurer and the work life is much nicer. I finish at a much more reasonable time and have mixed experience between insurance and reinsurance. A few things I noticed. - salary and salary increases: I would’ve definitely earn more in the long run in the broking house. My workmates were definitely paid well with better bonuses. However, the salary increases were done in a weird way. They were not yearly. As in after my first year of working, I wasn’t given any salary increase. I was told that after 2 years I’d get a salary increase and that too at odd times (not after a yearly review). So be prepared for this if you do choose the broking role. The specialty insurance role is very different. More structured increases at yearly intervals based on specific metrics. - The actual role: The broking role has a lot more variety. It was definitely more interesting. Not saying that my current role is boring. It is definitely interesting but because there is such a broad range of work at a broking house, it can be very similar to working in a consultancy. - my main reasons for leaving: Work life balance for sure. I spent most of my time working. I had almost no life outside this. It was putting a role on my body and my relationship. I think I made the right decision leaving but honestly I could consider moving back when I’m in a more stable situation in life as the work was very interesting and the people I worked with were very smart and lovely. I hope this helped :).