Most Asked Actuarial Interview Questions and Answers
What is actuarial report?
An actuarial report includes the future and current conditions of the fund, like in case of pension or insurance policy, it helps to decide whether it meets the need of people depending on it. For government organization, this actuarial report is available on public request, while, for privately managed fund, it might not be accessible to the public.
Name some of the most common actuarial software used in industry?
Some of the common actuarial software used in industry are
- Milliman Acturial software solutions
- Poly Systems
- Towers Watson
What is the Casualty Actuarial Society?
Casualty Actuarial Society is a professional association of non-life actuaries, of risk management professionals who work in industries other than life insurance. The motive of this society is to give knowledge to members and the general public about actuarial analysis of property and liability risk
Mention some of the topics that Actuary should be proficient in?
To become a successful actuary, you must have a good hold on
- Linear Algebra
- Differential Equations
- Probability & Statistics
- Regression Analysis
- Time series Analysis
- Finance & Management
- Computer science & communication
What is Actuarial life tables?
Actuarial life tables are statistical charts that provide detail about life expectancy in a given population.