Actuarial Musings for the Forward-Thinking Actuary

Learn more about actuarial related topics such as: Data Science, Insurtech, Actuarial Study, CPD, Productivity, Business Psychology and Technology

Latest Blog Posts

34 Lessons Actuarial Science Has Taught Me About Life

Compound interest is powerful. Start saving early. Life is a series of likelihoods. Thinking in a probabilistic way will serve you well.  Risk is unavoidable. To succeed, you must learn to embrace it. Life has a random component. But thanks to the law of large numbers, doing something enough times can help you create your own luck. S [...]

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6 Thoughts on Future Strategies for the Actuarial Profession

I was recently contacted by another actuary - an IFoA council member - asking for my thoughts on strategies the IFoA should think about for the future. I thought I'd share my response on here, and would love to hear what other actuaries think: ".... Like many other professions, I truly believe that our profession is facing a critical time given the pace of change. So w [...]

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Can InsurTech Rescue Insurance?

Is insurance broken and in need of rescue? That was the question I recently asked myself whilst hiring a rental car to visit the infamous "White Line" mountain bike trail in beautiful Sedona, Arizona. When I discovered the full Hertz insurance cover was going to cost me double the price of the actual car hire, I couldn't help but relay my shock to the salesperson. She pro [...]

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Actuaries and Autonomous Vehicles

In 2017 I spent 6 months on a Fulbright scholarship, in the desert heat of Phoenix and Tempe at Arizona State University. This was also the location where Uber and Google's Waymo decided to test their artificial intelligence powered driverless cars. Sunny weather and flat, pot-hole free roads provided an ideal testing ground for this grandiose experiment. In addition, Arizon [...]

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Most Popular Posts

Actuary Vs Data Scientist

Many of my actuarial students are interested in data science.  They often want to know the main differences between actuaries and data scientists. It is my belief that actuaries of the future will incorporate a lot more data science into their day to day jobs. Many actuaries should, therefore, be learning more about how to deal with extremely large datasets and how to use m [...]

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6 Thoughts on Future Strategies for the Actuarial Profession

I was recently contacted by another actuary - an IFoA council member - asking for my thoughts on strategies the IFoA should think about for the future. I thought I'd share my response on here, and would love to hear what other actuaries think: ".... Like many other professions, I truly believe that our profession is facing a critical time given the pace of change. So w [...]

Continue reading

Actuaries and Autonomous Vehicles

In 2017 I spent 6 months on a Fulbright scholarship, in the desert heat of Phoenix and Tempe at Arizona State University. This was also the location where Uber and Google's Waymo decided to test their artificial intelligence powered driverless cars. Sunny weather and flat, pot-hole free roads provided an ideal testing ground for this grandiose experiment. In addition, Arizon [...]

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Can the Actuarial Profession Survive?

Having been in the actuarial profession for nearly 2 decades, working in 5 different countries and teaching hundreds of actuarial students, there are a few things I’ve observed: 1. Qualifying as an actuary is great…BUT it is no longer the golden ticket to freedom and security. To continue to succeed, we can not afford to stay still. To thrive or even just to survive, [...]

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