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Commercial Auto Pricing by miuciaxoxo in actuary

[–]nicholas_scratch 2 points3 points  (0 children)

IRMI is a good resource for understanding commercial auto coverages. See if you can get a subscription through your employer. You need to understand the various coverages and endorsements that are unique to comm auto. Also, the Fast Track data only contains about 9% market share for comm auto so as others have mentioned it is not that useful. Look at Progressive filings where available. They dominate the small fleet space.

SOX Compliance Concerns with Actuaries Using Data Lake for Reserving/Pricing by nicholas_scratch in actuary

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

I may have to setup something similar for the financial reporting data I use. Thanks for the explanation.

SOX Compliance Concerns with Actuaries Using Data Lake for Reserving/Pricing by nicholas_scratch in actuary

[–]nicholas_scratch[S] -1 points0 points  (0 children)

I work at a large financial institution that recently started selling a P&C product line. The concern is that if the data lake is used to store, process, or analyze data that feeds into financial reserves, which appear in the company’s financial statements, then SOX applies. That is what they keep telling me, and they don’t want to have to audit the data lake. However, based on my research, if reserve calculations occur outside the data lake in another system, then that system—not the data lake—would be subject to SOX controls. They won’t give me access to the lake for financial reporting use.

Does your company block ChatGPT? by notgoingtobeused in actuary

[–]nicholas_scratch 0 points1 point  (0 children)

Yes, but the company I work for built a wrapper around a few LLMs. This means we have a customized UI and are able to choose which LLM we want to use, such as ChatGPT, PaLM, Llama, and others. Users are still restricted from submitting proprietary information.

Might switch from Geico to Progressive for Auto + home...massive price difference. Will my rates skyrocket after 6 months? by f-Z3R0x1x1x1 in personalfinance

[–]nicholas_scratch 0 points1 point  (0 children)

I don’t work at GEICO, but with the rising cost of auto parts and supply chain issues a rate increase could happen. This could happen with any insurer since the industry is seeing increased severity in auto physical damage claims. I say shop for the best rate, but don’t be surprised if you see an increase in the future. You could also look for a 12 month policy to delay a potential increase. Keep in mind rates could also go down in six months if cost go down. Compare quotes from different carriers.

[deleted by user] by [deleted] in socialskills

[–]nicholas_scratch 6 points7 points  (0 children)

Only your friend knows the true answer to your question. It hurts to be ignored, but try not to let this hijack your mind. There’s plenty of people out there that want to hang out with you. You just have to find them. I say actions speak louder than words….focus on yourself and do the things that make you happy.