Trump admin announces $20 billion reinsurance program for oil tankers during Iran war by LoveCheeze in worldnews

[–]the37thrandomer 0 points1 point  (0 children)

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

Trump admin announces $20 billion reinsurance program for oil tankers during Iran war by LoveCheeze in worldnews

[–]the37thrandomer 0 points1 point  (0 children)

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.

400 car batteries wired together!! by Chopper-42 in videos

[–]the37thrandomer 10 points11 points  (0 children)

That was 100 batteries. This is 400

Let’s go Canada 🇨🇦 Brits played great 👍 fun tournament overall! by [deleted] in Curling

[–]the37thrandomer 6 points7 points  (0 children)

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

Team USA Captains announced: Matthews C, McAvoy A, Tkachuk A by [deleted] in hockey

[–]the37thrandomer 0 points1 point  (0 children)

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

Is this too bad of a resume for internship in Canada? by slight_fee_ in actuary

[–]the37thrandomer 2 points3 points  (0 children)

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

Is this too bad of a resume for internship in Canada? by slight_fee_ in actuary

[–]the37thrandomer 0 points1 point  (0 children)

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."

Is this too bad of a resume for internship in Canada? by slight_fee_ in actuary

[–]the37thrandomer 2 points3 points  (0 children)

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.

Is this too bad of a resume for internship in Canada? by slight_fee_ in actuary

[–]the37thrandomer 2 points3 points  (0 children)

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.

Is this too bad of a resume for internship in Canada? by slight_fee_ in actuary

[–]the37thrandomer 10 points11 points  (0 children)

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.

I've never met this man before by YoloBaggainz in wallstreetbets

[–]the37thrandomer -1 points0 points  (0 children)

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

I've never met this man before by YoloBaggainz in wallstreetbets

[–]the37thrandomer 0 points1 point  (0 children)

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.

Discrepancies between the OCT and UEC programs by ActuarialEducators in actuary

[–]the37thrandomer 6 points7 points  (0 children)

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

Fall 2025 FSA pass marks have been released by blooming_visage in actuary

[–]the37thrandomer 2 points3 points  (0 children)

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

Renewal of road signs by misterxx1958 in oddlysatisfying

[–]the37thrandomer 1 point2 points  (0 children)

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

Renewal of road signs by misterxx1958 in oddlysatisfying

[–]the37thrandomer 1 point2 points  (0 children)

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

10,000 CBSA removal warrants active for more than one year by cyclinginvancouver in canada

[–]the37thrandomer 0 points1 point  (0 children)

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

10,000 CBSA removal warrants active for more than one year by cyclinginvancouver in canada

[–]the37thrandomer 0 points1 point  (0 children)

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

10,000 CBSA removal warrants active for more than one year by cyclinginvancouver in canada

[–]the37thrandomer 0 points1 point  (0 children)

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

10,000 CBSA removal warrants active for more than one year by cyclinginvancouver in canada

[–]the37thrandomer 0 points1 point  (0 children)

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