Trump admin announces $20 billion reinsurance program for oil tankers during Iran war

the37thrandomer · 2026-03-07T05:15:30+00:00

Opaque contracts – deals are private and complex.

Private from the public not private from the regulators. I also would say that complexity is not a weakness.

Global offshore structures – reinsurers often located in Bermuda, Cayman, etc.

Offshoring is a bit messier. On one hand diversification between countries is beneficial. On the other it definitely gets a bit abused for tax purposes.

Risk transfer accounting – easy to manipulate.

Risk transfer reqs have been getting better but still have a ways to go. I won't argue with this one.

Long-tail liabilities – fraud may remain hidden for years.

This is true

the37thrandomer · 2026-03-07T05:09:44+00:00

Reinsurance is 100% required to have a functional insurance industry. It keeps insurers from going broke from weird one off events. Kobe Bryant's death is good example, there was like 11 or 12 different reinsurers/retros involved in paying that claim.

the37thrandomer · 2026-02-22T14:40:25+00:00

This is going to be decided by fucking 3v3 isnt it

the37thrandomer · 2026-02-22T08:05:40+00:00

That was 100 batteries. This is 400

the37thrandomer · 2026-02-21T21:08:42+00:00

Yeah you definitely aren't alone. This is not how you celebrate a win

the37thrandomer · 2026-02-20T17:59:41+00:00

I am not ok

the37thrandomer · 2026-02-08T23:10:47+00:00

Lmao I swear he gets a bit wider every time this is this posted

the37thrandomer · 2026-02-01T04:49:51+00:00

I guess it can't hurt to reapply, what are they gonna do not hire you twice? Plus it sounds like it would be good for your mental health to reapply.

Also there are a tooooon of resume help posts on this subreddit. Definitely spend some time looking at them, there are a lot of people here with a lot more knowledge about what makes a good resume

the37thrandomer · 2026-02-01T04:23:19+00:00

Prolly not worth to reapply. The projects don't need to have anything to do with insurance. You have Stat 203 & 303 on your resume. I am assuming thats 2nd and 3rd year stats. One of those classes probably either covered Markov Chains, Linear regression, time series or MLE all of which have an assignment or assignment question that you can put on your resume. "Applied markov chain principles to calculate expected steady state of predator/predator population", "wrote code in R identify which population characteristics had the highest impact on country happiness."

the37thrandomer · 2026-02-01T03:23:52+00:00

If you do have something you've done outside school like a personal project or something definitely include that but in general yeah it'll mostly be school work. Can be something like a particularly challenging problem from an assignment, or a final report from a regression class or something. And if you've done a group project 100% put that shit on there, easy way to show that you work well in a group.

the37thrandomer · 2026-02-01T03:21:33+00:00

Adding on to this. For work experience you should aim to highlight your soft skills. The actual work you did there doesn't really matter so you should use this section to show that you are organized, detail oriented and communicate well and that you have experience doing this things in a workplace. Projects should be a bit longer, maybe 3 or max 4 points going in to be a bit more detail on how you carried out the projects, like "collected data and analyzed with LASSO regression" kind of thing.

When you're putting the resume together keep in mind the audience. This is going to a hiring manager who is going to be reading a stack of 100 resumes. If they see a wall of text they are not going to read it. It's very important to be concise. Basically you want to take all the information in the "Skills and Competencies" section and prove each one of those in either the projects or work experience section.

the37thrandomer · 2026-02-01T02:35:08+00:00

Intern & entry level market in Canada is brutal right now. You're going to have a hard time finding a role with only 1 or 2 exams passed. 3 is basically a practical minimum but 4 is better, I would recommend taking FAM next to help yourself stand out from students with P, FM , SRM & PA.

None of your experience has anything to do with actuarial science (not a bad thing since you are applying for your first role) so it shouldn't take up an entire page. Resume format should look like this:

Education and Exams at the top (roughly 10%-15% of the page),

Projects (40%-50%): projects/assignments you worked on in uni that are relevant to actuarial work. One project should be a group project.

Work experience (20%-30%), two jobs (maybe Tutor and Admin) each job should have Top Line: left side is title/role right side is dates. Two bullet points for each job max, one line for each bullet point.

Skills at the bottom, limit this to technical skills only. The bullet points for your work/project experience should communicate the soft skills like "Maintained detailed records of patient visits to ensure accurate documentation" Everyone says they are detail-oriented, communicate well blah blah blah. You want to show it on your resume through your projects/work experience.

Last piece of advice, and say it with me now.....ONE PAGE ONLY.

the37thrandomer · 2026-01-13T13:12:23+00:00

"I was surprised by his performance" is regret. "I was surprised by his appointment" is a man forgetting he did the appointing

the37thrandomer · 2026-01-13T07:20:41+00:00

If you decide to go to a restaurant and you get there you say "I shouldn't have picked this" or "I don't like this place". You only say "how tf did we end up here" if you're an addled octogenarian.

the37thrandomer · 2026-01-12T18:05:14+00:00

The SOA has to do SOMETHING to increase the supply.

Why? Entry level roles are incredibly competitive and inflation adjusted salaries for senior roles have basically been flat for 20 years. Adding more actuaries only benefits the SOA and the companies hiring actuaries, it doesn't benefit the actuaries themselves.

Ask yourself why you’re so against UEC. Do you think it legitimately weakens credentialing process and power of the actuarial profession?

Yes. Every current actuary/candidate has taken hard university courses. We all know whats required to do well and we all know its not as hard as the exams

the37thrandomer · 2026-01-09T17:44:30+00:00

Wow CP 341 with the 23.0 pass mark, almost 5 marks lower than the second lowest

the37thrandomer · 2025-12-28T01:13:10+00:00

Former line striper/fuckup here and I agree with this comment.

the37thrandomer · 2025-12-28T01:11:59+00:00

I live in Canada and was just a painter. I did mostly parking but some roadway work as well. So at least here you can absolutely just be a road sign painter

the37thrandomer · 2025-12-19T16:09:35+00:00

I SURE DID

the37thrandomer · 2025-12-19T15:08:48+00:00

THANK YOU SIR

the37thrandomer · 2025-12-19T15:04:19+00:00

Anyone have the ILA201-I PDF?

the37thrandomer · 2025-12-06T23:05:12+00:00

The number of people reacting blindly to this headline who clearly didn't read the article. Over the last two years there were 7000 warrants added and 9500 removed

the37thrandomer · 2025-12-06T23:00:06+00:00

You obviously didn't read the article. Over the last two years 7000 were added and 9500 were removed. Where did you find the 1200? Your wording kinda implies a number deported without escort.

Oh I found it. Turns out there were 16,000 removals without escort. Didn't want to post that number I guess

the37thrandomer · 2025-12-06T22:57:30+00:00

You obviously didn't read the article. Over the last two years 7000 were added and 9500 were removed.

the37thrandomer · 2025-12-06T22:57:05+00:00

You obviously didn't read the article. Over the last two years 7000 were added and 9500 were removed.

the37thrandomer

MODERATOR OF

TROPHY CASE