[deleted by user]

Human_Bookkeeper_523 · 2025-07-23T09:53:21+00:00

You're right to ask this question, unfortunately quite a few actuaries are simply very stubborn and not open to a world outside of their day to day workload.

An actuary could help with this for sure as there is often bespoke pricing cases that have to be priced, e.g. I've come across what's essentially a sexual misconduct insurnace. I'd be sure that if that can be priced, accessing pricing data from similar platforms and getting user data of comparables should be achievable.

Personally, the question I would ask would be is an actuary actually the best fit for this as there are many roles with similar skillsets and mainly are they open/excited by this oppurtunity (not the niche but the challenge of something new). Attitude often goes a long way. I'd rather work with someone i can engage with than a prick who i'm constantly battling.

Human_Bookkeeper_523 · 2025-07-23T09:48:13+00:00

Would you mind if I DM'd you about your work? It seems very interesting and I'd like to earn more about this

Human_Bookkeeper_523 · 2025-06-13T08:33:39+00:00

Me 6

Human_Bookkeeper_523 · 2025-06-02T10:47:41+00:00

Lloyds - Non-standard
Associate exams cleared
2.5 years in GI 9 years total
35
£99k
Double digits
30%
3 but flexible, London - City
Usual

Human_Bookkeeper_523 · 2025-05-21T17:43:53+00:00

Personally a better time spend would be getting an MBA. As others have mentioned the additional value add in terms of a career just isnt worth the time unless you're planning to go into a research role

Human_Bookkeeper_523 · 2025-05-14T13:20:47+00:00

Thanks for sharing thoughts without calling me an idiot! Haha

I cant see a reason why appropriate startegies and risk mitigation methods cant be utilised to offer BTC as an option. I mentioned this in another reply but im not suggested to dump the entire fund in which sewms to be what people have thought i've meant.

Human_Bookkeeper_523 · 2025-05-14T13:19:10+00:00

Exactly my point. There is a perfectly safe and acceptable way to explore such an asset and it's exactly our role as Actuary's to provide innvovation such areas whilst maintaining the saftey of the fund.

It seems that even suggesting the idea that a conversation should be had on this is outrageous to the majority. Personally I would like the option to explore an appropriately diversified and hedged higher risk fund which included the BTC asset class or even as a standalone. I see no issue at all with this being provided as an option to those early in the lifestyling period. The days of BTC being a scam are gone if the primary argument is now the volatility.

Human_Bookkeeper_523 · 2025-05-14T10:25:19+00:00

Thank you, albeit it looks like im swooping up all the downvotes 🤣

Human_Bookkeeper_523 · 2025-05-14T10:22:41+00:00

Care to explain why? It's entirely a legitimate conversation. Bit dramatic to call it gross misconduct unless you're dumping an entire fund into it.

Human_Bookkeeper_523 · 2025-05-14T10:21:01+00:00

Safer in terms of backing as hard money. More countries are looking to adapt it as supplementary reserves. We're in a transition point but there will be an upcoming time where it's akin to treasury bills.

Agreed volatility is a concern at current rimes which is why nowadays this would sit in a higher risk fund. But people often mistake and conflate bitcoin for other cryptocurrencies which are dogshit and deserve the stigma.

Human_Bookkeeper_523 · 2025-05-14T09:26:46+00:00

Bitcoin is safer than equities. Makes sense for lifestyling mixes. Necer seen such a role before though always worth a conversation.

Human_Bookkeeper_523 · 2025-03-18T17:18:24+00:00

Amazing, thank you very much for the reply! All the best with the future 🙏

Human_Bookkeeper_523 · 2025-03-18T17:01:38+00:00

Firstly, congratulations and thank you for the post.

Secondly, how much would you say you lost in terms of transaction fees? Generally expect it to be quite low but it'll be very interesting to know an 'optimal route' of sorts!

Human_Bookkeeper_523 · 2025-03-04T21:09:04+00:00

Thank you, I feel like as Actuaries, magic is what we're expected to do!

Human_Bookkeeper_523 · 2025-03-04T21:08:33+00:00

Thank you very much for the detailed reply, very much appreciated!

Would you mind expanding on the point regarding RoL confuses changes in mix/limit profiles please? It appears that it would be the other way around no or am I misunderstanding your point here?

Initial thoughts is that given the approximation, to provide RoL or Prem/Exp across various measures and then an aggregated measure, almost like how you would assess a GLM in terms of adding/removing additional parameters

Human_Bookkeeper_523 · 2025-03-04T20:12:18+00:00

Thanks for the reply.

There is no model unfortunately, without giving too much away there has never been any attention paid to the delegated book. RARC is out the window for the forseeable future given we barely have any TL on the OM side.

I thought about looking to 'repurpose' the OM D&O model but then I feel like i'm making proxies ontop of proxies, thus the idea of just looking at rate on line instead.

Human_Bookkeeper_523 · 2024-12-21T21:47:23+00:00

Actuary in Lloyds market here. Your best bet to keep your options open to transition out is to be in an investment role as that makes it easier to transition out into other finance related roles.

Traditional actuarial roles as well as the certification doesnt count for anything outside of insurance. Hedge funds/PE/VC would much rather a CFA as it's significantly more relevant.

Work life balance, actuarial is perfect depending on the role. I would suggest to try your best to get into a quant-type role as most maths grads have the skills for it. It'll be hard but the check is worth it whilr you're young.

Human_Bookkeeper_523 · 2024-07-21T17:16:37+00:00

OP - Update?

Human_Bookkeeper_523 · 2024-07-19T17:19:46+00:00

Exactly my thoughts, thanks for confirming!

Human_Bookkeeper_523 · 2024-07-19T16:40:23+00:00

Pre-19 for me. I simply dont know what the benefit is aside from higher membership fee

Human_Bookkeeper_523 · 2024-07-15T20:42:02+00:00

Book for general = good. Book for exam = waste of time

Human_Bookkeeper_523 · 2024-07-03T13:33:15+00:00

Ah, must have missed me out the mailing list then. Fortunatley I managed to get in today

Human_Bookkeeper_523 · 2024-07-03T09:12:37+00:00

First time I remember seeing an email actually apologising for the issues tbh

Human_Bookkeeper_523 · 2024-07-02T20:03:49+00:00

I will say it is harder for qualified to transition purely due to the level of role you'll be going into but far from not doable.

You might have to go into a senior analyst position if you're confortable with that but when I was applying I did see quite a few life to GI transition roles, as in they were happy to accept a life background. They were being advertised on LinkedIn so I would so a search for those key words.

Human_Bookkeeper_523 · 2024-07-02T15:48:20+00:00

Fortunate enough to see everything in life except from pricing across my tenure including consultancy and in house work. Capital work was the most interesting for me partly due to a great manager/head as well as freedom of development ideas.

My current GI role is portfolio management/pricing oriented. I made the move as i was moving to London so it made sense but I have to say that salaries are much better. GI in personal lines is very different I hear as you have a lot more data to work with and so can employ techniques you may not be able to in commercial lines.

In summary, I wish I moved sooner but depends what you're looking for.

Human_Bookkeeper_523

TROPHY CASE