Coming from instagram! This was really simplified and I'd highly recommend your videos to my juniors. Looking forward to you unveiling more concepts in a simplified manner. All the very best :)
I will start my actuary job in January and your videos really helped to pass the interview! Really love how you explain it with passion! Looking forward to see more videos! Happy Xmas!
Coming from instagram They way you explain concepts is amazing!! Your energy in every video is amazing. Make more videos on pricing actuarial day to day work concepts
How are things in the Canadian motor (auto?) insurance market re general levels of profitability (including investment income)? I’m a UK personal lines actuary with a lot of experience in motor insurance - and over here the motor insurance market can be an absolute bloodbath. Viciously competitive. Some thrive - either through volume (economies of scale & better statistics) or through expertise in a particular niche - but there’s an awkward middle ground between the two where competitive pressures can make it extremely difficult to keep one’s head above water. I’d be interested to learn a bit more about how Canada compares to the UK.
Same here is Spain,extremely competitive LoB, most companies selling at a loss( direct channel) and impossible to keep the war price for long xD . I think that other lines must be explored
There were a few years of really high combined ratios, but starting last year, some companies are seeing them go down. In 2019 and 2020, some companies (definitely not all companies) started seeing personal auto combined ratios below 100%, which is a nice place to be. In most provinces, auto insurance is heavily regulated, so we can't just change prices at will. Because of this, we can't be as competitive / responsive to other companies' rate changes. Pre-covid, the auto insurance market in Canada was a very hard market - large rate increases across, tight underwriting rules, etc.
Hi! As a pricing actuary from other country I have some questions for you haha: As a pricing actuary what are your daily tasks? Are you closer to the business or to the technical side? How much time you spend daily with the datasets(preparing sas codes,cleaning,filtering...) ? Have you ever built a model(risk/loss cost)from the beginning or that belongs to data scientists? How are prices for the Rn built there? I mean apart from updating the risk do you do anything else? Because I know that you arent able to use demand models( retention/negotiariln models) Thanks! :)
Those are big questions that I won't be able to answer in a comment! My daily tasks vary greatly from project to project. I'd say I spend more time doing technical work, but am also responsible for liaising back with the business. I spend a good amount of time working on SAS, but it depends on the project, and how much I'm willing to delegate (I like doing my own work - it's a bad habit) Modeling is done in joint-functional teams with both actuaries and data scientists. I haven't personally done the modeling, but part of my job is to review model outputs and make sure they make sense. What is "Rn"? I'm not familiar with the abbreviation, sorry.
@@Actuaryelle I meant renewal ( Price optimisation/Retention models) . What actuarial software do you use apart from Sas? Radar? Looking forward to watching more videos!
Hi Elle, Do you think the Loss Ratio should be Claims divided by Earned Premium without expenses? Because in most comapnies, the premium (NEP) includes charges. I think that the denominator should be Earned Premium Without Expenses (kind of Pure Premium sold to the insured)
hahahaha I'm not doing a great job. A video needs to be longer than 8 minutes if I want to put midroll ads.. can't get as much ad revenue on shorter videos
5:04 That wink though 😉
THANK YOU FOR LIKING AND SUBSCRIBING! LEAVE YOUR VIDEO IDEAS AND QUESTIONS IN THE COMMENTS BELOW!
Even though I know all these topics already, for some reason I like the way how she speaks about them :D I just can't get enough of that
Thank you for watching and commenting!! I really appreciate it ❤
@@Actuaryelle you know, good content should be appreciated with like, comment and sub.. We are on the way to 2 milions!
Looking forward to it
I loved your video.👍 Thank You for sharing. As a General Insurance Underwriter over 30 years I understood all of it. 😀
You definitely know way more about insurance than I do! Thanks for watching
Your video editing skills are getting better 😉
Check those arrow graphics. 10/10 amateur graphic design skill 👌
You should take a graphic design course and then edit my videos for me. Please and thank you ❤
Aren't you the same person. I am confused here.
@@Actuaryelle jaja please girls , don't be rude :p
1) Yes you really are weird
2) I absolutely love it
Thanks for these videos :)
Coming from instagram! This was really simplified and I'd highly recommend your videos to my juniors. Looking forward to you unveiling more concepts in a simplified manner. All the very best :)
Thanks for hopping over! Glad you enjoyed :)
I will start my actuary job in January and your videos really helped to pass the interview! Really love how you explain it with passion! Looking forward to see more videos! Happy Xmas!
Good luck with your new job!!! I hope you love it!!
I’ll be doing my 2nd year in Actuarial Science next year. Thanks for the 🔥🔥🔥 videos
Coming from instagram
They way you explain concepts is amazing!!
Your energy in every video is amazing.
Make more videos on pricing actuarial day to day work concepts
Thanks for hopping over and thanks for your kind words 🥰
How are things in the Canadian motor (auto?) insurance market re general levels of profitability (including investment income)? I’m a UK personal lines actuary with a lot of experience in motor insurance - and over here the motor insurance market can be an absolute bloodbath. Viciously competitive. Some thrive - either through volume (economies of scale & better statistics) or through expertise in a particular niche - but there’s an awkward middle ground between the two where competitive pressures can make it extremely difficult to keep one’s head above water. I’d be interested to learn a bit more about how Canada compares to the UK.
Same here is Spain,extremely competitive LoB, most companies selling at a loss( direct channel) and impossible to keep the war price for long xD . I think that other lines must be explored
There were a few years of really high combined ratios, but starting last year, some companies are seeing them go down. In 2019 and 2020, some companies (definitely not all companies) started seeing personal auto combined ratios below 100%, which is a nice place to be.
In most provinces, auto insurance is heavily regulated, so we can't just change prices at will. Because of this, we can't be as competitive / responsive to other companies' rate changes. Pre-covid, the auto insurance market in Canada was a very hard market - large rate increases across, tight underwriting rules, etc.
It'll be fun
Hi! As a pricing actuary from other country I have some questions for you haha:
As a pricing actuary what are your daily tasks?
Are you closer to the business or to the technical side?
How much time you spend daily with the datasets(preparing sas codes,cleaning,filtering...) ?
Have you ever built a model(risk/loss cost)from the beginning or that belongs to data scientists?
How are prices for the Rn built there? I mean apart from updating the risk do you do anything else? Because I know that you arent able to use demand models( retention/negotiariln models)
Thanks! :)
Those are big questions that I won't be able to answer in a comment!
My daily tasks vary greatly from project to project. I'd say I spend more time doing technical work, but am also responsible for liaising back with the business.
I spend a good amount of time working on SAS, but it depends on the project, and how much I'm willing to delegate (I like doing my own work - it's a bad habit)
Modeling is done in joint-functional teams with both actuaries and data scientists. I haven't personally done the modeling, but part of my job is to review model outputs and make sure they make sense.
What is "Rn"? I'm not familiar with the abbreviation, sorry.
@@Actuaryelle I meant renewal ( Price optimisation/Retention models) . What actuarial software do you use apart from Sas? Radar?
Looking forward to watching more videos!
Love your videos!! Hope you keep making more :D
Thank you! In theory, I plan to start posting consistently on RUclips. We will see what actually happens 😂
Hi Elle, Do you think the Loss Ratio should be Claims divided by Earned Premium without expenses? Because in most comapnies, the premium (NEP) includes charges. I think that the denominator should be Earned Premium Without Expenses (kind of Pure Premium sold to the insured)
I can't believe I just noticed that her logo is an continuously compounded annuity
*Such a nice Easter egg*
hahaha it is indeed!
Very informative!
Thank you so much!
I'm doing mine from the ifoa and iai right now and your explanation better than them both
Thank you!!
Hi
How can I calculate earned exposure for active insured members?
This doesn't seem like a question I can answer quickly and I dont offer 1 on 1 tutoring, sorry. Good luck
here from ig! very informative vid
Thanks so much for hopping over! Glad you enjoyed!!
Does dating an actuary come with free insurance bundled?
Definitely not. Being an actuary doesn't get you free insurance 😂
@@Actuaryelle Damn. Are there insurance packages that come with an Actuary wife??
Road to 2 million views
hahahaha I'm not doing a great job. A video needs to be longer than 8 minutes if I want to put midroll ads.. can't get as much ad revenue on shorter videos
vous êtes très belle in this video
Nice penguin in your laptop!
Thank you! I made it myself! I bought a DIY felt penguin kit haha
try to ace my 4th actuarial exam，finger cross📊📊
Good luck!!