Last year I ended up watching your channel last minute to prep for my 'Insurance' exam, but I actually keep enjoying your content. Keep it up, Elle! Wish you all the best from Belgium
hi Michelle, just wanted to comment that these types of videos are super interesting and your explanations are clear and engaging. As an aspiring actuary, I find them valuable since they give me a lot of context :) And Congratulations on the engagement!!!
Short question. You said as a reserving actuary you are not impacting the profit of the company. If I understand the alm of an insurance company correctly, the investments in earning assets depend on the amount of reserves. So in that way, the profits are impacted. But I am not in insurance industry (yet), would be nice if you explain the link between reserves and investments. Thank you
You are correct. When I was referring to profit, I mostly meant underwriting profit. The reserve levels impact the amount of capital that we are required to hold. It also impacts how much we pay for reinsurance etc. There are definitely impacts from the conservatism (or under-estimating) in reserves. Good point
@@Actuaryelle Interesting. So it is different from banking. The amount of capital a bank is required to hold depends on the asset classes, i.e. the risk associated with the type of an asset.
How do you think reserving and pricing techniques can be migrated to other forms of business e.g a restaurant or a trailor making business? Essentially how can Actuaries sell themselves apart from relying regulatory requirements to enforce our existence?
You're absolutely doing something wonderful for the world and you should be proud of it! Don't sell yourself short!
Youre very sweet, thank you
Last year I ended up watching your channel last minute to prep for my 'Insurance' exam, but I actually keep enjoying your content. Keep it up, Elle! Wish you all the best from Belgium
Thank you so much for watching 🥰🥰
hi Michelle, just wanted to comment that these types of videos are super interesting and your explanations are clear and engaging. As an aspiring actuary, I find them valuable since they give me a lot of context :) And Congratulations on the engagement!!!
Youre so sweet thank you 🥰
That's a nice engagement ring you've got there
I'm a lucky lady
Short question.
You said as a reserving actuary you are not impacting the profit of the company. If I understand the alm of an insurance company correctly, the investments in earning assets depend on the amount of reserves. So in that way, the profits are impacted.
But I am not in insurance industry (yet), would be nice if you explain the link between reserves and investments. Thank you
You are correct. When I was referring to profit, I mostly meant underwriting profit. The reserve levels impact the amount of capital that we are required to hold. It also impacts how much we pay for reinsurance etc. There are definitely impacts from the conservatism (or under-estimating) in reserves. Good point
@@Actuaryelle Interesting. So it is different from banking. The amount of capital a bank is required to hold depends on the asset classes, i.e. the risk associated with the type of an asset.
How do you think reserving and pricing techniques can be migrated to other forms of business e.g a restaurant or a trailor making business? Essentially how can Actuaries sell themselves apart from relying regulatory requirements to enforce our existence?
Where is the QnA 😢
Filmed 3 videos today. This one was the shortest and therefore the first to get edited 😅
I am two and a half minutes in and you still haven't started talking about anything that no one talks about.
Im so glad you have people to discuss actuarial topics with. You're very blessed to already know these things. Very ahead of the curve 😊