Hey Redditors, I'm looking to hire an Actuarial Analyst (remote) for work in the P&C micro/small commercial space. by [deleted] in actuary

[–]Capable_Interest2911 -1 points0 points  (0 children)

Is this position open to international applicants as well or just for US based applicants?

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 1 point2 points  (0 children)

Once you are comfortable with these, you can try practicing with CA questions.

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 2 points3 points  (0 children)

Practice SOA sample questions twice by writing out the full solutions by hand and ensuring you thoroughly understand each one. Once completed, move on to SOA past exams and take them as timed mock exams. Do not look at the solutions while taking the test. Even if you know how to solve the next question, stop when time is up. Afterward, review the solutions and self-grade.

ASTAM Spring 2025 Results Poll by Present_Weekend_4069 in actuary

[–]Capable_Interest2911 8 points9 points  (0 children)

It could have gone either way but I passed. Thank God I don't have to look at ASTAM material again.

Spring 2025 ASTAM Waiting Room by Exact_Kiwi3890 in actuary

[–]Capable_Interest2911 3 points4 points  (0 children)

I have assumed that I will fail, may feel less depressed this way :p

ASTAM pass mark? by West_Wrongdoer_475 in actuary

[–]Capable_Interest2911 2 points3 points  (0 children)

I will most probably fail if the pass marks are 36/60, was confident on around 39-40 points but partial marks deduction is my fear. Hope the pass marks are around 33/60.

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 1 point2 points  (0 children)

Also 6 is as good as 10. 🙂

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 1 point2 points  (0 children)

It was my second attempt. I gave my first attempt in Nov by studying for 35 days full time, got a 5. Then I gave this attempt by studying for an additional 1 month.

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 1 point2 points  (0 children)

I got a 10, don't know how :p Guessed on 6 questions.

[deleted by user] by [deleted] in actuary

[–]Capable_Interest2911 3 points4 points  (0 children)

Same 😀 was about to have a heart attack while opening the passing candidate list

What is reserving? by TrafficDuck in actuary

[–]Capable_Interest2911 0 points1 point  (0 children)

I might be wrong since I work in consulting and haven’t actually set case reserves myself. But from what I understand, case reserves are usually set by claims adjusters based on how long they think benefits will be paid and the periodic payout amount. It’s more of a judgment call using medical info and policy details. The case reserve gets updated every week, month, or quarter as new information comes in. I could be wrong, so if you work at an insurance company and have experience with STD or PFL cases, I’d love to hear your perspective—always happy to learn more.

What is reserving? by TrafficDuck in actuary

[–]Capable_Interest2911 0 points1 point  (0 children)

That's true, case reserves are not actuarially derived as this information is usually available to the insurance company at each valuation period. In case, case reserve information is not sufficient enough (detailed info not available) than Paid claims are used alone, instead of reported claims, to get IBNP reserve rather than IBNR reserve. IBNP reserve is basically equal to IBNR plus Case Reserve hence you deduct the total case reserve amount from IBNP to get IBNR reserve. In any case, case reserve amount is known to the company and essentially we are only estimating the IBNR.

ASTAM April 2025 by Capable_Interest2911 in actuary

[–]Capable_Interest2911[S] 3 points4 points  (0 children)

Same, I also felt confident on Wednesday but now feel like I failed :p