Sp Statement Of Purpose Statement

Sp Statement Of Purpose Statement
Statement of Purpose Applying for M.S. in Statistics Program Studying at University of Virginia was my first time living by myself in a foreign
country. Turning to math seemed an easy choice for me because I had been passionate about math since elementary school. I started to learn
Olympic Mathematics in second grade and enjoyed the challenging topics. I was soon able to learn by myself with the help of training in logical
thinking. When I was forced to stay at home for a whole school year due to a heart problem, I read the textbooks on my own and passed the final
exams so that I could continue with my class the next year. In fifth grade, I was able to understand abstract concepts such as linear equations and use x
and y to represent unknown variables. Winning numerous Olympic Mathematics competitions awards got me into the best middle school and high
school in Beijing, where I continued to pursue my affection in Olympic Mathematics. I received the medals of school winner and honor roll of
distinction in AMC 12 and went further to AIME due to my outstanding... Show more content on Helpwriting.net ...
I found a famous psychotherapist that I enjoyed working with and started my internship at her clinic. After learning different skills in therapy and
attending seminars in which therapists and patients discuss their experiences and feelings, I soon became an assistant psychotherapist. I administered
questionnaires to incoming patients and analyzed the collected data. In addition, I conducted regular psychotherapy seminars with a leading
psychotherapist. While these valuable trainings and experience sharpened my skills in communication, leadership and many other aspects, I kept
exploring myself and realized that I still have passion about statistics. Therefore, I decided to pursue a career combining my interest in statistics and
psychology, neither of which are separable from
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Introduction to Actuarial Science
UNIVERSITY OF CAPE TOWN NOVEMBER 2009 EXAMINATIONS INTRODUCTION TO ACTUARIAL SCIENCE (BUS1003H) Time allowed:
2 hoursTotal marks: 70 INSTRUCTIONS Answer all questions You must show your working in full in all questions Approved calculators may be used,
but all memories and user–supplied programmes must be cleared before you begin the examination. Some tables are provided. For each of the
multiple choice questions write down exactly one of the symbols A,B,C or D to indicate which of the suggested answers you think is most correct.
Marks shown are approximate. The Question Paper is in 8 parts. Answer each... Show more content on Helpwriting.net ...
you will make a profit if the market price is greater than the strike price B. you have the possibility of an unlimited gain C. you are at risk of an
unlimited loss D. you received a premium which is your minimum gain [2] Question 6 Barriers within an organisation which prevent market–sensitive
information being leaked from one division to another are known as: A. Japanese mountain ranges B. Korean fences C. Chinese walls D. Cambodian
palisades[1] Question 7 The use of material non–public information regarding the financial situation of a listed company in order to make a profit on
the stock market is most clearly an example of: A. Insider trading A. Conflict of interest B. Creative accounting. C. External pressure on exercise of
judgement[1] Question 8 General insurer A has reinsured a large risk under individual risk excess of loss cover with two reinsurers B & C as follows:
R2 000 000 XS R1 500 000 with Reinsurer B R5 000 000 XS R4 000 000 with Reinsurer C The general insurer receives a claim on this risk for R10
000 000. What proportion of the total claim will be paid by general insurer A? A. 15% B. 20% C. 25% D.

North West Passage Analysis
Engendering a vast array of undesirable outcomes, including setting into motion a host of unpredictable collateral damage akin to falling dominoes,
one poorly orchestrated strategic decision gone awry can have far–reaching effects. Even the best–laid plans can become casualties of immitigable
disruption, disaster or destruction. And for this reason, the insurance industry retains significant influence around the globe by fiscally protecting
people and entities on a broad range of applications covering healthcare, infrastructure, intellectual property and even errors made by third–parties. Part
of risk mitigation strategies, insurances serve their customers well as an indemnifier. However, they don't guarantee an outcome. Nor would they
somehow reverse devouring years of someone's life, destroying their ... Show more content on Helpwriting.net ...
Known as the North West Passage, it represented the quest for direct navigable trade by circumventing those land barriers originally discovered by
Christopher Columbus. In fact, British explorers continued their search for the elusive passage through the eightieth century, eventually abandoning
those efforts entirely. The Northwest Passage ultimately proved viable with successful transit during the early twentieth century. Nevertheless, it wasn't
until recent years that it even generated more than a modicum of interest. Treacherous multi–year ice, a grave risk for the commercial shipping industry
where it can readily cut through a ship's hull, continues as a huge concern. Game changing technical advancements associated with modern navigation,
communication, and meteorology in concert with climate shifts in the region later altered that equation. As a result, governmental authorities now have
the ability to declare the passage intermittently navigable for

Risk Management As A Crisis
This essay will explore three areas of risk management which have been criticised in recent years due to their earlier neglect. Following the
description of the problem and the current status of risk management research in each given area, a brief conclusion is provided. The conclusions in
this essay aim to address the issues in risk management more generally by building on the status of risk management studies.
Weakness 1: Reliance on Static Correlation Assumptions in Dynamic World
It has been observed that correlations between asset prices through periods of market uncertainty differ markedly from those seen in quieter periods.
Literature on the subject generally coincides in that such differences in correlations are a result of either ... Show more content on Helpwriting.net ...
Sandoval Junior et al provide a glimpse into the models currently being used to study complex systems whose correlation is unknown in an attempt to
overcome some of the limitations addressed above. Random matrix theory is one of those approaches that were successfully tested. This approach
contrast the values of a correlation matrix obtained from a real system to those obtained from a pure random matrix. More recently, random matrix
theory with time lags has been used to compute time series correlations among world stock indices with success. However, these techniques require
much more sophisticated risk management models, and may be beyond the means for large numbers of market participants.
Others like Loisel have publicly argued against the increasing sophistication of correlation models, adding that better risk management standards do not
mean replacing a simple model with a "Gaussian copula with a mixture of Student copulas." Instead, Loisel argues the risk management professionals
need to pay more attention to studying non–stationary risk processes and dynamic correlations with the aim of better understanding the sources of risk,
rather than overcompensating with model complexity.
Conclusion on Use of Common Sense
Building on Loisel, perhaps the biggest shortcoming in risk management strategies is the overreliance on complex models

A Brief Note On Northwestern Mutual And Financial Planning
On May 31, I began working for Northwestern Mutual in downtown Nashville. Northwestern Mutual is a Fortune 500 life insurance and financial
planning company. Since then, my title hasn't just been intern or college intern and I wasn't just doing busy work or making copies for people.
Northwestern Mutual treats their college interns as full time representatives with all of the daily jobs and responsibilities that full time employees
handle. Northwestern gave me the title Financial Representative and sent me on my way to make a difference in peoples' lives by giving them the
opportunity to gain financial security through live insurance and financial planning.
Being a Financial Representative with Northwestern Mutual has been a very ... Show more content on Helpwriting.net ...
Talk about an encouraging and reassuring first day after being so scared!
A typical work day during this program looks something like this: get to the office around 7:00 AM, start dialing at 9:00 AM, and then from 10:00
AM on is when meetings are set up to meet with potential clients. Every day I had to wake up and call 30–40 people and repeat my sales language
over and over again to try to get them to meet with me. Of those 30–40 people per day, only about 10–15 would answer and about 3–5 would actually
say yes to setting up a meeting with me. Once I met with the people who agreed to meet with me, I would complete a something called a Fact
Finder on them. Basically, a Fact Finder is a booklet of questions that I ask to get to know the clients professional, personal and financial goals
along with their current finances. At the end of the Fact Finder, is when you talk about what services that you offer and how those services can help
that person based on the information that was talked about in the Fact Finder. Since May 31, I was able to write six lives on two couples and a
young adult. That is when the rewarding part occurs. It is an indescribable feeling to know that you just covered a family and that now they are safer
because of you and your hard work. This job is not about instant gratification in any way. You could meet with the same

Company Profile Of Allahabad Bank
INTRODUCTION COMPANY PROFILE Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock
bank in India. On 24 April 2014, the bank entered into its 150th year of Establishment. It was founded in Allahabad in 1865. As of 31 March 2012,
Allahabad Bank had over 2,500 branches across India. The bank did a total business of INR 3.1 trillion during the FY 2012–13. The bank has a branch
... Show more content on Helpwriting.net ...
The bank is headquartered in West Bengal, India. This comprehensive SWOT profile of Allahabad Bank provides you an in
–depth strategic SWOT
analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the
company's key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your
business by enabling you to understand your partners, customers and competitors better. The profile contains critical company information including: –
Business description – A detailed description of the company's operations and business divisions. Corporate strategy Analyst's summarization of the
company's business strategy. SWOT Analysis– A detailed analysis of the company's strengths, weakness, opportunities and threats. Company history
Progression of key events associated with the company. Major products and services, A list of major products, services and brands of the company.
Key competitors A list of key competitors to the

What Makes An Actuary?
What is an actuary? In the simplest of terms, actuaries interpret numbers for various corporations or firms. They play a major role in calculating risk
for major companies, insurance agencies in particular. Their job is to make sure large corporations don't gamble with their money and make the
smartest, most efficient use of it. A knowledge of mathematics, economics, finances, and even psychology are applied to their work in order to fully
understand what they are calculating in order to generate the most accurate figures (Bureau). The most common place one will find an actuary is an
insurance firm, where they generate policies based on a variety of factors that may cost the company if one must make a claim and receive money. The
rate you ... Show more content on Helpwriting.net ...
Students will begin spend the first two years studying mathematics along with introductory economics classing. Once a student reaches their junior
year they will begin to take classes more specific towards actuarial work which include statistics, economics, and finances. Theoretical and
analytical mathematics are studied during one's senior year, as actuaries are required to interpret data more than they are required to do raw
calculations (Joyce). Classes involving computer literacy must also be considered while studying as our 21st century world revolves more and
more around the use of technology. The second step towards becoming an actuary involves ten exams required in order to receive various
certifications. It is not necessary to have taken every exam before beginning work, as many actuarial firms will hire partially qualified students and
pay for the exam fees (Joyce). Graduates are required to obtain a VEE, or a Verification by Educational Experience, and pass the first two exams in
order to begin work with certification from the Casualty Actuarial Society. (Casualty). It is common among these graduates to seek further
certification so they may earn more money and gain job security (King). The next level of certification is the ACAS Credential, or Associate of the
CAS, which is achieved by passing the next four exams, as well as completing courses regarding in depth

Moral Hazards And Health Insurance: Article Analysis
Moral Hazards and Asymmetric Information in Health Insurance
Mark Thomas in his article Explainer: what is "moral hazard"? states that moral hazard is a term describing how behavior changes when people
are insured against losses. He goes on to further explain by giving an example of having a fully insured car. "If your car is fully insured against any
and all damage and there is no deductible, then you would have no incentive to avoid minor accidents, like scratches or backing into poles, beyond
the inconvenience of getting the car fixed. You would be much more likely to take risks that could lead to minor car damage knowing that any
damage is fully covered" he states. The moral hazard problem is the tendency of one party to a contract or ... Show more content on Helpwriting.net ...
"Smoking is a major causative factor in many illnesses, including lung cancer, cardiovascular disease, peripheral vascular disease, strokes and COPD.
The cost of caring for individuals who smoke and develop these conditions is astronomical. Yet in Medicare and many group insurance plans, smokers
pay the same premiums as non–smokers."(Levine, Web) Why would smokers then cease to stop smoking or reduce their intake of cigars or
cigarettes? Should higher insurance rates or premiums be given to those who continue to practice bad health decisions to push them away from it and
help reduce the cost of health care? It won't unfortunately Levine explains "these are often people with emotional problems or who live on the border
of poverty and might drop their insurance if the price of coverage

Liability Insurance Coverage
Our litigious culture makes liability coverage a necessity. Headquartered in NewYork City, Sun Ray Corp is an insurance agency offering everything
from home insurance to liability coverage. These experts say understanding the facts about liability coverage will help you get a sense of just how
useful this insurance coverage can be.
Here are some facts regarding liability coverage:
What Is It? Liability coverage is insurance that protects your assets if someone is injured on your property or if you injure someone or damage
someone's property.
What Kind Of Protection Does It Provide? If your dog bites someone, or if someone slips and falls on your property, they can sue you. Legal costs can
quickly add up if you're forced to defend yourself in court, and liability coverage foots the bill for legal expenses if you find yourself the target of a
lawsuit. If you lose the lawsuit and damages are awarded, liability coverage will bear some or all of the expense, depending on how much insurance
you have. ... Show more content on Helpwriting.net ...
The best way to determine your needs regarding liability insurance coverage is to consult with a knowledgeable insurance agency. The specialists at an
insurance agency will analyze your situation and make recommendations regarding how much coverage you should carry.
Sun Ray Corp is home to experts with the skill and expertise to help you make the smartest choices regarding insurance coverage. These specialists
will carefully look at your circumstances and provide you with the protection you need to properly safeguard your assets. Whether you're looking for
liability coverage or home insurance, these talented professionals will help you find the best polices at the most affordable rates. Get New York City's
leaders in affordable insurance coverage on your side by calling (212) 732–5280, or visit Sun Ray Corp online to take a look at this insurance agency's
impressive selection of

Nightingale's Reform And Career As A Nurse In British...
Road to Reform
Nightingale's reform and career as a nurse really took off in 1954 when she began working at British hospitals during the Crimean War (Tunstall,
2016). She oversaw the introduction of the new nurses at a military hospital in Turkey (Cohen, 1984). Nightingale worked in hospitals that had terrible
conditions. The bandages used for the patents were unsanitary, the water was rancid, and the food was repulsive (Florence, 2016). The hospital itself
was filled with rats and flees (Cohen, 1984). The building was on top of a sewer system causing dirty air to be pushed up in to rooms overcrowded
with patients (Cohen, 1984). The sheets were washed in cold water and were so unclean that they had to be thrown out or burned most of the ... Show
more content on Helpwriting.net ...
Nightingale began to classify these different deaths. Each death was classified as due to a contagious illness (a disease), a wound or injury from war, or
from other causes (things that fit in neither of these categories) (Franklin, 2012).
The Calculations
After collecting and analyzing this data, Nightingale had to represent it in a way that policy makers would understand (Tunstall, 2016). Most of these
individuals did not have a background in statistics or understand how to make sense of the data collected (Tunstall, 2016). Nightingale proceeded to
use various visual representation of her data as well as her numbers to prove the need for reform (Cohen, 1984). She used line diagrams, line graphs,
and scatter plots to represent her statistical data (Franklin, 2012). Nightingale developed polar area diagram to easily show the data she collected
(Tunstall, 2016). The purpose of this diagram was to represent each category based on its size while still maintaining the same angle for each one. she
used this diagram to convey information about different months in 1855 and the types of deaths that occurred (Tunstall, 2016) . On top of that,
Nightingale used different methods and comparisons to intentionally show the dramatic affect that lack of sanitation had in military hospitals (Cohen,
1984).
Nightingale represented and provided a large amount of data as proof for the need to reform hospitals. Nightingale was able to

Career Preparation Essay
BLAW 2210 Term Paper
Career Preparation
My top two career choices are corporate financial analysis in investment banking and actuary. I will be discussing the legal environment of my career
choices, taxing authorities, entity structure, graduate school in order to obtain certain license, self–assessment of my chosen careers. First, I will
discuss how I can work as a corporate financial analysis in investment banking. After that, I will talk about what I need prepare to be an actuary.
1.corporate financial planning and analysis The responsibility of a corporate financial planing and analysis is to support management planning and
decision making by identifying, maintaining, and evaluating information,as well as recommending actions. ... Show more content on Helpwriting.net ...
They make sure operations are complying with regulations. They are responsible for capital management and risk monitoring. Back office makes sure
the bank runs smoothly by submitting trades, maintaining databases, and transacting required money transfers. The Investment Banking career
hierarchy is described briefly as below in this article starting with the highest rank and ending with the lowest one: * Advanced education An MBA is
required to move beyond the entry–level analyst position in investment banking. MBA program Obtain a Series 7 License for both institutional and
retail broker sales positions. However, I should do something else first, whether that's working at a large company, working at a small company,
pursuing some sort of other goal such as an artistic goal or a nonprofit, etc. is a much better use of my time right after college. I think wait 2–5 years
before attending business school will let me make a informed decision about whether my actually want to attend business school. It also give me a
better perspective on what I want to get out of business school. If I am at the institutional and retail broker sales positions, I should obtain a series 7
license. The Series 7 exam is administered by the Financial Industry Regulatory Authority (FINRA) (previously the National Association of Securities
Dealers (NASD)) and provides an individual with the qualifications necessary in order to process

Role Of Service Quality And Relational Benefits On...
Sayasonti (2015) investigated the factors discussed in the literature which influence customer perceived service quality; customer satisfaction and
customer repurchase intention in the auto insurance industry in Thailand. According the analysis of the study, the assurance dimension was a key
determinant of a customer assessment of service quality in the auto insurance industry in Thailand. And there was a linear relationship between
customer satisfactions, perceived service quality of the company, perception of company image and customer repurchase intentions was found to have
a positive significant relationship. His study also indicated that there is no significant relationship between customer loyalty and customer satisfaction.
The paper found that the size of the insurance company and the switching cost were slightly significant in moderating the initial relationship between
customer satisfaction and customers repurchase intention.
Mackay, Mostert and Petzer (2015) as per their study investigated the effect of service quality and relational benefits on customer satisfaction, as well as
the effect of customer satisfaction on behavioural intentions in the short–term insurance industry. The findings showed, one way differentiation has
been achieved, was to adopt a customer–focused approach where short–term insurers engage in CRM initiatives such as providing quality services and
relational benefits to satisfy customer needs and subsequently retain customers over the long

A Brief Look at Actuarial Consultants
Definition and Broad Overview Actuarial consultants are professionals who need to have knowledge about a variety of disciplines (for example
statistics, economics, law, finance and risk) in order to be able to advise their numerous clients on projects brought to them. They advise clients on
methods, regulation, policies, mechanisms and plans which need to be considered when making business decisions. They can work for a firm or
independently as a contractor. Numerous areas of expertise are required for consulting actuaries, as they are required to be able to advise many
different clients on the many varying problems which are presented to them. Specific Skills and Techniques Required Consulting Actuaries need to
possess many skills including some knowledge of tax, law, statistics, model construction, financial forecasting etc. They analyze the current financial
climate and make predictions about future conditions so as to make the best recommendations for future financial decisions. Needs to be able to
work with and consult colleges and professionals in many different areas for their expertise and knowledge. Consultants also need to possess good
personal skills so as to be able to communicate with clients to attract and keep business as well to be able to best understand their clients' needs to
make the best possible recommendations. What is unique to an actuarial consultants approach and skill set compared to other financial advisors is their
ability to work cyclically,

Actuary Career Research Paper
What is having a career as an actuary? An actuary is a person who studies all types of insurance risk and premiums that mainly deals with
measurements and other statistical issues. In this research paper, I will give a full description as to what it takes to become an actuary, I will
explain all the kinds of training and education you will need in order to get this career and also what kinds of characteristics you will need. I chose to
pursue this career because it provides a very high pay compared to all the other insurance–related careers and also the statistics portion of the job
interested me quite a bit. They handle a lot of the mathematical issues with people and I actually somewhat enjoy math, math has been a favorite
subject of mine throughout high school so this career would be a pretty good career to have for me in the future. The nature of the career of an actuary
is to analyze ... Show more content on Helpwriting.net ...
I also think that the time that it takes to become an actuary would take me a while because I like to take my time on things to make sure I get
things done the right way and as good as I possibly can. I also think that I would need to increase my skills in mathematics just so I don't struggle
as much to get trained to be an actuary because they work with so many numbers all day. An actuary actually makes a good living when it comes
to working, annually they make about $97,070 so they make a pretty fair amount, especially for all the work that is put into it. The career of an
actuary has been known to employ people that really look for something challenging and fun to work as. The more work you do in the workplace the
higher up you will be put, the way actuaries work is the more exams that you take and pass, the more promotions you get which also means a higher
salary that is

Case Study : Thai Life Assurance Company, As A Marketing...
There are diverse kinds of job which you can accomplish if you graduate in statistics. Indeed, statistics is a set of tools used to organize and analyze
data and also frequently used for purposes of prediction. Statistics usually relates to variety subjects, for example finance, economic, engineering,
marketing and quantitative psychology. Consequently, there are many people who graduated in this field are working on different kinds of jobs or
some are studying in other fields in order to combine their knowledge further just Statistics. I used to work at a prominent insurance company in
Thailand, Muang Thai Life Assurance Company, as a marketing analyst. My responsibility was to design and extract tremendous data of the insurance
industry in terms of customer information, sale performance and marketing data and then reported to the executives. I mainly used my logical
thought, which I learned from my bachelor 's degree in statistics to widely comprehend the various perspectives in the insurance industry. Not only did
I do a lot of analysis on data mining, but I also had to work on programming of a sale illustration system further with IT department. Moreover, because
of my endeavor, I completed the insurance certificate FLMI (Fellow Life management Institution) in order to be a knowledgeable person in this field.
The theory of insurance product associates with mortality rate which uses substantial data and probability in order to forecast the opportunity of
circumstance

Community Service Statement
Community Service Statement: Briefly describe your extra–curricular activities which demonstrate community service, leadership, and/or
volunteerism. Outline your contribution, the time commitment required, and what you learned as a result of participating. I am a representative of the
Society of Calgary Undergraduate Math. As a representative, three to four hours per week, or forty–eight to sixty–four hours per semester, are
dedicated to office hours, where I am available to anyone who has questions regarding club events and services, such as tutoring, which are offered by
the club. In addition, at the end of each semester, I lead the organization of one final exam review session for a chosen entry–level mathematics course,
which requires meetings with both the professor of the course and the chosen instructor who will lead the review. Overall, the review sessions require
two to three hours of preparation, including sitting outside of the review admitting members and providing membership to new members. As a result of
being part of the club, I have learned a few very valuable lessons. First, I have acquired better communication skills when conveying information to
different audiences. Disseminating information on club events to students requires a different tone than giving the information to a professor, and I
have valued the opportunity to become familiar with how professional and informal communications differ. In addition, by working with other
members during meetings, I

American National Insurance Co.
American National Insurance Co.
COMPANY OVERVIEW American National Insurance Co. is a major American insurance corporation. The corporate headquarter is located in
Galveston, Texas since founding in 1905 by William Lewis Moody. American National Insurance Co. and its subsidiaries (collectively "American
National") operate in all 50 U.S. states, the District of Columbia, Puerto Rico, and American Samoa. Subsidiaries consist of six life insurance
companies, eight property and casualty insurance companies, and numerous non–insurance subsidiaries all operating only domestically. The company
conducts its business through five segments. The following segments are: * Life * Annuity * Health * Property and casualty * ... Show more content on
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American National Insurance Co., as any other insurance company, faces with a risk of litigation and regulatory investigations including the risk of
class action lawsuits, which may result in significant financial losses and harm its reputation. "In connection with their insurance operations, plaintiffs'
lawyers may bring lawsuits, including class actions, alleging, among other things, issues relating to sales or underwriting practices, claims payments
and procedures, product design, disclosure, administration, additional premium charges for premiums paid on a periodic basis, denial or delay of
benefits, and breaches of fiduciary or other duties to customers."[2] Plaintiffs might request substantial amounts to be paid including punitive and treble
damages. These damages could result in a material adverse effect on company's business, financial condition, results of operation and reputation. For
example, "American National was a defendant in a lawsuit related to the alleged inducement of another company's insurance agents to become agents
of American National. The jury reached a verdict adverse to American National, in the total amount of approximately $63.4 million, of which
approximately $60.0 million represented punitive damages; however, the court subsequently reduced the punitive damages award, resulting in a total
award of approximately $7.1 million against American National."[2] Company has been facing with other various types

A Career : The Next 50 Years Of A Career
The Next 50 years The most important question that everyone has to answer in their lifetime. What job will they chose to go to for the next 50
years of their life. If someone mess up on choosing a career, then they will have wasted several years of their life. Two things that sound interest are
an actuary and an economist. Both of these jobs have things in common such as: pay, skills they need and job description. They also have some
things that are different such as schooling, how they can earn more money and their actual ratings. These jobs both seem like great opportunities for
the right kinds of people. It all starts at a college. Four of the most stressful years of a young student's life. So many options, and so many
opportunities. The two jobs right now are pretty similar in the early years here. Both an actuary and an economist require at least a bachelor's degree.
The Occupational Outlook Handbook states that actuaries have to have a bachelor's degree either economics or statistics. There is also an actuary
science major that only a few colleges have. Economists on the other hand pretty much are fine if they have a major or minor in economics. Who
would have guessed. Here's a bit part where they separate from each other during the schooling. Economists have to get a master's degree in economy
if they want more thing education after the bachelor's degree (OOH). Actuaries have to take multiple hard tests during school life and even after
college. There are two different types of actuaries. The Casualty Actuarial Society and the Society of Actuaries are the two different types of actuaries.
Both of them are still actuaries, but they just work on slightly different things. The Casualty Actuarial Society works a lot more of property of casualty
insurance, while the Society of Actuaries deals more with life insurance, health insurance, and retirement/pension plans. They both have to take the
same 3–4 preliminary exams to test out your basic knowledge of statistics and calculus. The Casualty Actuarial Society takes 4 more exams that go a
lot more in depth for probability and finance. The Society of Actuaries, on the other hand, have to take 5 more exams that go into statistics, calculus,
and probability

The Federal Government Regulate The Insurance Industry
Background The federal government's role is in regulating industries is to protect consumers and the market. There is an ongoing debate on whether
the federal government should regulate the insurance industry as a result of the bailouts stemming from the Financial Crisis of 2008. Currently, state
governments regulate the insurance industry. Proponents of federal regulation reason that states are inefficient in the duty of insurance regulation.
Additionally, the federal government has economies of scale and may offer an increase in efficiency unlike state regulation. The federal government
regulates industries due to inherent systemic risk to the country's economic environment. Systemic risk is the risk of collapse of an entire financial
system or market. (SOURCE) For example, banking institutions such as Lehman Brothers, Merrell Lynch, and Goldman Sachs were major contributors
to the financial crisis in 2008 because these institutions were systemically significant to the market. The insurance industry and the core activities of
the industry, however, were not a major contributor to near–collapse of the American economy. The federal government should not regulate the
insurance industry because it does not possess a systemic risk to the market economy, states have the ability and resources to regulate, and federal
regulation would result in unnecessary costs from the federal budget.
The Insurance Industry and Systemic Risk The first initial component to what constitutes

Risk Of A Diversified Portfolio
Introduction:
Market risk, or beta risk, is described as a reflection of a project on stockholders' risk of a diversified portfolio. Many factors can influence the market
such as war, inflation, and recession. Market risk is measured by the firm's beta coefficient to determine the effects the market has on the portfolio. In
addition to market risk, there are two forms of risk that managers use to calculate the risk of a particular project related to holding a diversified
portfolio. Stand–alone risk is used when the firm's only holds one asset or a single stock. Corporate, or within–firm risk is the measurement of all
assets or stocks held by the firm. Of these three risks, the Capital Asset Pricing Model states the market risk is the risk ... Show more content on
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Stand–alone risk often correlated to the corporate risk which often correlates to the market; thus, if stand–alone risk is high, market risk will also be
high. Market risk is the riskiness of a well–diversified project (assets or stocks) compared to the market using the markets beta, or slope of a linear
regression. The projects is plotted against the market (beta) risk to determine its risk compared to the market. Much research has been done on the
effects market risk has on stocks, firms, portfolios, exchange rates, and more. Research often concludes with supporting evidence that support the use of
market risk for estimations and predictions in finance, since the market risk cannot be eliminated from the stock market.
Market Risk Management:
Understanding market risk is crucial in determining the factors that threaten one's ability to attain returns from a particular project, single stock, or a
portfolio. The impact of market risks is crucial to determining stability and the return on an investment. Many factors impact the market risk which
effect both global and country economies. Market risk allows a firm to estimate the risk and return on projects or investments. Generally the riskier the
project, the higher the returns. Market risk is predictable over time; although the predictions are not perfect, one can gain understanding into the effects
the market will have on investment or how the investment will react to

Evaluation Of A Project And The Developer
During the early steps of the projects until reaching commercial and financial close, the parties initiating the project and the developer will have to
make critical decision to structure the project. An important part of the negotiation will focus on the risk allocation to the various stakeholders of the
project in order to satisfy the prim objectives and drivers of the parties involved and distribute the risk to the party most able to manage and bear them.
The risk allocation will require some transfer of risk ownership between the parties developing the project and third parties or other stakeholders in
order to assign the risk identified to the party in the best position to deal with it. This should take in consideration the nature of ... Show more content on
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In this regard, the recent researches and academic works tend to suggest some adjustment to the risk allocation between the main parties – public and
private – in order to achieve value for money in the provision of a service.
Risk allocation in connection with the individual perspectives, goals and requirements of the various project stakeholders
In the structuring phase of a project, the developers, whether directly or with the assistance of a mandated advisor will develop a network of contract
supporting the project initiative. If the project is based on non–recourse finance or limited recourse, the developer will aim to set a Special Propose
Company initially bearing all the risks involved in the project. Then, a set of contract to provide the main components of the project purpose –
delivering a service required by the public sector. For merchant project (service not required or tendered for the public service), most of the
consideration below will apply but the public entity will be substituted by the market needs. In this situation, the private sector will directly contract
with the SPV which is a private entity for the delivery of a service.
The developer and later the SPV will aim to allocate all the risk identified to third party involved in the project through contract terms agreed for the
scope of supply of the various contract. The main transfer of risks are achieved via the key contract intending to secure the

Purpose Of Workers Compensation Insurance
Small business can expect to pay around $2,000 to $3,000 in Workers Compensation Insurance premiums annually, where the premiums raise with
number of covered employees.
There is a minimum requirement for Employer liability coverage in Workers Compensation, required by law, of $100,000 to $500,000 per employee
for body injury claims.
Workers' compensationinsurance aims to provide coverage to employer for medical costs in the event of employee injury due to employer negligence
or lawsuit from employee and to provide the employee with coverage for lost wages and additional medical benefits in the event of work place injury.
Overview
Workers' compensation insurance, commonly called workman's comp, has two primary motives: 1) provide coverage... Show more content on
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On November 16th, 2017, World Market released a workman's comp insurance option for business that carry a workforce of freelance employees.
Previously, businesses could only over employees categorized as "W–2 employees" under workers' compensation insurance, but now those categorized
as 1099will also be covered. According to World Market this will new option for legal protection will allow businesses to be "able to have the same
peace of mind when engaging independent contractors as they do with W–2 employees."
SCOPE
Occupational Safety and Hazard Act (OSHA) is the legislation that surrounds the standards for a safe work environment. When employers do not meet
these standards, lawsuits can follow. However, even if these standards are in place, accidents can still happen, and this is when workers' compensation
insurance is used.
Most states consider workman's comp claims to be "no –fault" meaning it is "irrelevant whether your employer's negligence (carelessness) contributed
to your work–related injury or occupational disease."
Workman's comp insurance will cover any injury or illness that is "job–related". That includes actions associated with work that may not occur at the
physical job site i.e. during travel. Workers' compensation also covers "sudden injury or illness (e.g. a fall), as well as long–term injury or illness, such
as repetitive stress injuries (e.g. carpal tunnel syndrome), lung disease or other

The Deregulation Of The Insurance Industry Essay
INTRODUCTION
Life insurance is a form of insurance that pays monetary proceeds upon the death of the insured covered in the policy. Essentially, a life insurance
policy is a contract between the named insured and the insurance company wherein the insurance company agrees to pay an agreed sum of money to
the insured 's beneficiary. With a large population and the untapped market areainsurance happens to be a very big opportunity in India. Today it stands
as a business growing at the rate of 15–20% annually. Together with banking services, it adds about 7 percent to the country's GDP. In spite of all this,
the growth statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian population is without life and health
insurance cover. This is an indicator that growth potential for the insurance sector is immense in India. It was due to this immense growth that the
regulations were introduced in the insurance sector and in continuation "Malhotra Committee" was constituted by the government in 1993 to examine
the various aspects of the industry. The key element of the reform process was participation of overseas insurance companies with 26% capital.
Creating a more competitive financial system suitable for the requirements of the economy was the main idea behind this reform.
CLASSIFICATION OF INSURANCE
The insurance industry in India can broadly classified in two parts. They are.
1) Life insurance.
2) Non–life (general) insurance.
LIFE

Questions On Risk Management Culture Essay
Chapter 4: Analysis
4–1 Reliability statistics
Table 2 shows the reliability coefficients based on the Cronbach Alpha, the score is good for both risk management culture and risk control while
moderate for emerging risks management, which means that the researcher can trust the questionnaire in exploring enterprise risk management practices.
Table 2: Reliability statistics
ERM ComponentsCronbach AlphaN of items
Risk Management Culture0.78215
Risk Control0.7476
Emerging Risks Management0.6463
4–2 Current enterprise risk management practices in the Lebanese insurance sector
The questions aim to understand risk management practices in the insurance sector. They are split into 3 sections: risk management culture, risk control
and emerging risks management, in order to explore the enterprise risk management practices through examining the components.
4–2–1 Risk Management Culture
In understanding enterprise risk management practices, it is important to have risk management culture, because it is people who manage risk.
Employees throughout the organization should have knowledge and be aware of risk management culture. The risk management culture indicator is
split into 4 variables: risk governance, incentive compensation structure and organization structure, risk appetite framework, risk reporting and risk
communication and reporting.
Referring to table 3, the respondents perceived that only three elements of risk management culture as having a high importance need

The Development Of Enterprise Risk Management Essay
1.3 The Development of Enterprise Risk Management
This section will briefly discuss the development of ERM especially the emerging factors that influence companies to shift from TRM to ERM. The
researchers will discuss both the academic literature and the role of professional.
(D 'Arcy, 2001) proposed that the origin of risk management was developed by a group of innovative insurance professors Robert I. Mehr and Bob
Hedges in 1950s . The objective of risk management at that time was to maximize the productive efficiency of the enterprise. At that time, risk
management was specifically focused on pure risk and speculative risks.
According to (Skipper & Kwon, 2007) , in the 1970s, when the Organization of Petroleum Exporting Countries decided to reduce production in order to
increase the price, financial risk management became an interesting issue highlighted by firms because the increment in oil price has affected the
stability of exchange rates and the inflation rate .
Later in 1980s, political risks attracted more attention from multinational corporations as a result of different political regimes in different countries.
For example, when the government announced a new policy, investors and corporations must make decisions to reduce political risk (Skipper &
Kwon, 2007). According to (D 'Arcy, 2001) during that era, organizations did not properly apply risk management because they did not apply the risk
management tools and techniques such as options. Therefore, the cost

Insurance is a very important factor to attaining...
Insurance is a very important factor to attaining financial viability in an economy. It is a very difficult concept that requires a profound augmentative
erudition of insurable interests, viable policy holders, risk assessment and management. This essay seeks to provide an overview of insurance;
specifically on assessment, measurement and management of both man–made risks and natural disaster risks. The essay further highlights the
re–known formulas adopted in measuring man–made risks. In addition to this, it would provide a concise development and challenges arising out of
the use of the risk assessment formulas. Finally, the essay will highlight the difficulty, previously arising, out of assessing, measuring and managing
natural disaster ... Show more content on Helpwriting.net ...
This aspect increased maritime trade thus increasing the Gross Domestic Product of nations. Since its inception, the concept of insurance has been
revolutionized and is comprehensive enough to cater for a wide array of risks: man–made or natural risks (Westall 2002 p 95). Every insurance
company must as a prerequisite employ financial risk advisors. The financial risk advisors' herein are referred to as actuaries. They serve the
function of assessing the risk of a particular policy and prescribing the amount of premium payable as well as determining the financial viability of
any policy. In doing so, the financial risk advisors base their opinions on the historical information available. There are two types of risks; manmade
and natural disaster. Man–made risks as is ostensible, is derivative of man's actions. They include, though not limited to, automobile or fire risks.
Such risks are highly frequent and less severe; in respect to the insurer. Consequent to this, a proliferation of information is readily available to
estimate the likelihood of prospective loss. On the other hand, natural risks are derivative of nature. They are less frequent and very severe.
Subsequently, information on the likelihood of loss and occurrence is minimal. This aspect makes it very difficult to cover natural disasters. Be that as
it may, as will be elaborated, the advent of science and technology has generated a

Actuaries and Physical Therapists
Karen Lyn Manuharan
English 187, Section 070
Compare and Contrast Essay: Final Copy
April 1, 2013
Actuaries and Physical Therapists Does anyone have a hard time choosing what career or job which they really want to do in the future? I personally
have two jobs that I am considering right now: actuary and physical therapist. Actuaries basically manage risk. They help organizations plan for the
future and protect themselves from loss. Physical therapists use a variety of techniques to improve mobility, relieve pain and prevent permanent
physical disabilities in their patients. The reason why I am choosing between these two jobs is very much related to my past experience. Since my
youth, I was influenced by my elder sister who is very ... Show more content on Helpwriting.net ...
In other words, some top earners earn more than that.
Moreover, both actuaries and physical therapists are high demand jobs. According to Bureau of Labor Statistics, Occupational Outlook Handbook
(2010), demand for actuary in United States will see a projected growth rate of 27% through 2020. The education process and examination procedure
for becoming fully qualified actuaries can be very demanding, causing this profession to remain very small in the world. As a result, actuaries are in
high demand, and they are highly paid for the services they provide. The reason for actuaries to be high in demand is because the students that were
studying actuarial science in college tend to change majors into an easier course because they find it hard to cope with the tremendous pressure. For
them, it was very stressful to take a series of professional papers where the probability to pass those exams were extremely low. There are a number
of my friends which started off their first year of college studying actuarial science, changed into some easier course later on, such as Business
Administration. The journey of becoming physical therapists is also not easy. All physical therapists must receive a graduate degree before taking the
National Physical Therapy Examination that allows them to practice. According to the Bureau of Labor Statistics, Occupational Outlook Handbook
(2010), demand for physical therapists in United States will see a projected

Risk Allocation Essay
RISK ALLOCATION IMPORTANCE IN PROJECT STRUCTURING AND CURRENT PRACTICES
I.Introduction
Project finance is best understood in terms of a risk allocation which reconciles the potentially conflicting objectives of borrowers and lenders by
utilizing the long–term economic and commercial linkages between the sponsors, lenders and third party participants involved with a project.
(Howcroft &Fadhley, 1998).
In theory, the basic principle of risk allocation for the project finance is "Allocating project risks to the most suitable participant whose risk preference
is higher" (Xiao, 2003).
Severe consequences follow from the failure to accurately identify and allocate risks. These consequences often extend beyond the immediate parties to
the ... Show more content on Helpwriting.net ...
In this paper, an extensive literature review is undertaken to evaluate the importance of risk allocation to project stakeholders and discuss current
practices. However, the complexity of this topic is beyond the scope of this paper. Hence, the attention is towards the direct participants, even though
other stakeholders will also be tangentially mentioned. Also, as PPP is developing fast in the area of project finance and its importance is increasing, I
have used it to illustrate some of the points made in the current risk allocation practices.
II.Importance of risk allocation in structuring from the angle of stakeholders
The structure of a project's financing depends on the industry the transaction is taking place, the underlying business model and in particular the
allocation of risks and responsibilities between the individual partners (Weber & Alfen, 2010).
Risk allocation is performed as part of the development of the project structure, which takes into account the distribution of responsibilities and risks
during the planning, construction, financing and operating phases (Corner, 2006). The aim is to identify an efficient and effective structure that
optimises the costs of the project and ensures that the risk occurrences do not damage the project (Delmon, 2009). According to Grimsey and Lewis
(2007) risk allocation has two elements: optimal risk management and value for money. The first implies that the

The Allianz Group Case Study
The Allianz Group is a financial services provider with worldwide presence. It offers a wide
range of insurance and asset management products and services for both private and
corporate consumers. It is present in more than 70 countries, with about 108,000 employees
serving more than 83 million customers. It is the market leader in insurance market in Europe
and is one of the largest asset managers in the world, with в‚¬1,170 billion assets under
management.
The company was established as a transport and accident insurer in Berlin in 1890. They
engaged in international move three years later with branches in Europe and the USA and
were listed in Berlin Stock Exchange in 1895. They resumed international expansion after
WW2. They ... Show more content on Helpwriting.net ...
IV. "Global management: enforcing and reinforcing a transnational
Sticking to the French example, one can say that the management practices implemented by
Allianz try to go beyond the classical HQ–subsidiaries tensions. This willingness (in words, if
not in deeds) to overcome such antagonisms is illustrated below:

Cross–border group mobility:
strategy"
The Allianz Worldwide Partners (AWP) project:
o Senior management: two current members of Allianz France's ExCo are
German but only one of them was "sent" by HQ (i.e., previously worked there).
Conversely, the head of Group Internal Audit is a Frenchman who did most of
its career in France since the AGF era.
o Middle–management: the assignment to Group HQ of well–educated
employees (typically from French "Grandes Ecoles") after 5 years at Allianz
France has become a normal practice. Assignees gain visibility and feel closer
to the Group's decisions.
o Rationale: the Group has set the development of B2B2C insurance (typically,
policies subscribed by companies for their employees) as a top priority. On the
medium term, all the Group's activities on this segment should become part of
the dedicated AWP

Motor Vehicle Crisis Insurance
Introduction
Everything is unsure in our life. We don't know what will be there in the future. We all are taking risk and living on it every day. In order to be
assured financially to some instinct we need insurance. Basically, insurance is the protection against the possible financial loss. We need to be assured
for the loss that is going to cause in the future. Insurance covers many risks like unexpected property loss, illness, and injuries. Now a days, people
use automobile a lot. We need to use it in our day to day routine. Motor vehicle crashes cost lost in wages bill and medical bills. By the accident it
may cause individual a huge amount to pay for bills. Insurance can't eliminate all the cost that has incurred but it can however, reduce the amount the
bill individual is going to pay. By the law of every state is a compulsion to every motor vehicle to insured with insurance company in United States of
America.(Kapoor, 2010) The total number of vehicles that are registered in Unites States from 1990 to 2013 (1000s) is about 256 million which
includes car, motor cycle, trucks, and other ... Show more content on Helpwriting.net ...
When comparing policy prices, we should be sure to compare similar policies. Extended warranty policies, which pay for repairs for vehicles that are
no longer covered under manufacturer warranty, can be a more difficult decision. The vehicle should be estimated and evaluated before taking care of
it. Those insurance company which offers extended warranties, says the policies give drivers peace of mind of knowing that if something happens to a
car after the manufacturer warranty expires, they're still covers the damage.(Palmer,

Lifescan, Inc.: Executive Summary
LifeScan, Inc. Overview LifeScan, Inc. is one of Johnson & Johnson's Diabetes Solution Companies. LifeScan was established in 1981 to develops
products that improve the quality of life for millions of people diagnosed with Diabetes. LifeScan, Inc. is based in Milpitas, California with over
3,000 employees worldwide and manufacturing facilities in Puerto Rico, and Scotland (LifeScan, 2016). In 2009, LifeScan, Inc. released the
OneTouch Ultra 2 Blood Glucose Monitoring Systems. In, 2015, Johnson & Johnson's worldwide annual sales topped $8,094 in millions. LifeScan,
Inc, sales topped $1,928 (in millions) during 2015, $2,142 in 2014, and $2,309 in 2013 (J & J, 2015). Macroeconomic Variables The macroeconomic
variables that impact the supply... Show more content on Helpwriting.net ...
The next graph shows the inflation rate in the Untied States from 2011–2015. The rate of inflation has also declined over the last five years which
means that the cost of blood glucose meters will slowly increase. In 2011, the inflation rate was at 3% which means that Lifescan, Inc. was able to
raise the price of OneTouch glucose meters to gain the most revenue for sales that year. As inflation decreased so did the sale of glucose meters which
means that the cost of glucose meters increased. Lower inflation rates are good because this would indicate that interest rates are positive, therefore,
providing an incentive for future investment. The decline in sales for LifeScan, Inc. is also affected by substitutability and competition in the blood
glucose meter

Catastrophe Bonds
Catastrophe Bonds
By Kirill Graminschi
The trouble with Catastrophe Bonds
The article presents the difficulties insurance companies face when they are issuing catastrophe bonds. Do they efficiently hedge against large–scale
disasters?
It is very difficult hedging against catastrophic losses. Japan's March earthquake, tsunami and nuclear disaster threat could cost the insurance industry
between $21 and $34 billion.
The catastrophe bonds are not helping much the insurance companies, although they were designed to do so. Catastrophe bonds have limits on type
and location of the disaster they will cover. A large number of catastrophe bonds covered the losses only in Tokyo, although the actual losses occurred
far away from there.
In ... Show more content on Helpwriting.net ...
Considering all the risk stated above, the insurance companies are still issuing the catastrophe bonds.
In my point of view the issuance of catastrophe bonds by insurers is a successful financial hedging technique. Even though the investors are having
large returns on risk–linked securities and only a small number of them lost their principle, the purpose of these instruments is to provide coverage
for highly improbable risks. The benefit of these bonds is that they allow the insurance companies to secure a layer of coverage for their worst case
scenarios, which may not be available if traditional reinsurance is used.
Catastrophe bonds help to diversify the protection capacity and supplement traditional reinsurance. The insurance companies are transferring major
risks and thus have more capital to underwrite new business, therefore using the bonds to diversify their sourcing of reinsurance.
The issuance of risk–linked securities is a great strategy in supplementing traditional reinsurance, but these bonds still need to prove their value in the
long–run.
In conclusion, I would not agree with Mr. Niklaus Hilti's words: "from the perspective of insurers and reinsurers, traditional reinsurance is clearly the
better hedge." The catastrophe bonds are carefully designed to provide insurers and reinsurers the capital they need for

I Want To Become An Actuary
Craig Reynolds said in an interview, "You must have outstanding math, computer, and critical thinking skills. And you must be the sort of person that
never gives up. Early in your career, exams may be the most important key to growth. Don't underestimate them. Strive for a ten on every exam. You
may not get it, but you should never strive for mediocrity" ("Be and Actuary" 4). To become an actuary hundreds of hours of studying for exams is
required. Actuaries attend college for four to five years and take multiple exams in order to become an actuary. They typically will work in office
settings and will calculate the risk of an event to occur. Actuaries hold theinsurance industry together.
Actuaries solve complex math problems to figure out ... Show more content on Helpwriting.net ...
The unemployment rate for actuaries is only 0.8 percent ("Actuary" 1). The job, currently is on the up and job employment is expected to rise
eighteen percent by 2024, and in more recent years more people have begun to pursue a career as an actuary ("Actuaries" 6). Many people who
pursue careers as actuaries really enjoy their job. Erich Brandt said in an interview, that his favorite part of his job was working with clients and
explaining difficult math to them (Brandt). Actuaries enjoy their careers and they also earn a high salary for all the time they put

The Mortality Of Alzheimer 's Disease
When you look around you see healthy people and sick people. Sometimes the sick go unnoticed because their illness is not apparent to the naked eye.
Alzheimer's disease is one of many diseases that early on does not show any physical symptoms. On the other hand, Alzheimer's disease will end in
death. Below will define morbidity and mortality, describe Alzheimer's disease, and present the rates of morbidity and mortality as they relate to
Alzheimer's disease.
When someone is diagnosed with a disease, they usually first want to know what it is. The next things that are usually looked at are morbidity and
mortality. Most people who look at the numbers related to these words do not understand what they mean. Morbidity is the presence of a disease.
Morbidity rate is the number given to a disease showing the percentage at which it affects a population. On the other hand, mortality is related to death.
The mortality rate, or death rate, shows the percentage of a population that has died as a result of a particular disease. The typical person does not
research morbidity and mortality rates by those names, however they are looking for the number of people diagnosed and the number of people who
die from the disease.
Alzheimer 's is a disease of the nervous system and is one of the most common forms of dementia. It is characterized by memory loss and the loss of
other intellectual abilities. These losses hinder one 's normal ability to perform activities of daily living (ADL) such as

Sample Letter On International Accrual Services Pvt. Ltd...
Cover
First page
Declaration certificate
Certificate by faculty Guide
Certificate issued by BI
Acknowledgement
Executive Summary index
Know your company report on UAS International
Background and inception of the company including promoters
UAS International (A Unit of United Accrual Services Pvt. Ltd.) was Established in 2013 by the CEO Mr Ishan Taneja. On the principles of delivering
high returns to our clients through our network of government sector banks. Characteristics of the Industry to which the company belonging to.
UAS International is in the Banking, financial services and insurance (BFSI) sector.
UAS have tied up with InfiaFirst Insurance established by a joint venture between Bank of Baroda, Andra Bank and UK based Legal & General. Nature
of the business
UAS International
Established in 2013,
On the principles of delivering high returns to the clients through their network of government sector banks.
UAS is an third party organisation and provide services to major government banks through establishing MOU and its business model consist of
providing and facilitating various training and development programs / internships in India and abroad with top B–school. It have Liaison with 26

universities in India with the base size of 900 & above campus.

Health Of Health And Wellbeing
Health, as defined by the World Health Organisation (WHO) (1946), is the "state of complete physical, mental and social well–being and not merely
the absence of disease or infirmity". Alternate definitions include "a dynamic state of well–being characterised by a physical and mental potential,
which satisfies the demands of life commensurate with age, culture, and personal responsibility" (Birscher, 2005). Health and wellbeing statistics are
vital information as an indicator of the health of the nation. The statistics produced are observed to vary between countries as different methods and
standards of measures are applied. The extent of measurement also depends on the social awareness of the implications of health and wellbeing.
One measure of health and wellbeing looks at the average life expectancy and mortality rates of the population. Most countries use this measure as it is
easily accessible through hospital records and self–reporting health (SRH) surveys. One of the most frequently used health status indicators, life
expectancy at birth is defined by the estimated life span of a newborn, on average, if current mortality rates are unchanged. However, the actual
age–specific mortality rate of any particular birth cohort cannot be known in advance. If rates are falling, actual life spans will be higher than life
expectancy calculated using current mortality rates. Improvements in life expectancy at birth can be attributed to a number of factors – rising living

Term Living Indemnity Vs. Whole Life Insurance Policies
Most of us have to think in terms of acquiring the insurance policies, thanks to the uncertainties of life. Not any thing on the planet is predictable of
how longs the things will keep moving smoothly and this is the concern that compels people to go for the various insurance policies. However before
obtaining a policy a proper amount of tips and ideas to be had is advisable to avoid any inconveniences in the future. Two main kinds of theinsurance
policies are obtainable viz. Term living indemnity and whole living indemnity
There are two important forms of insurance plans. Term life insurance and whole existence cover policies and these both the policies are regarded to
be guaranteed life insurance policies.
Term vs whole life insurance: ... Show more content on Helpwriting.net ...
You need to forget that the primary target at the rear of taking the insurance coverage is not to make your family affluent post your death however to
help them with making in a position to maintain their harmless survival. Yet another alternative accessible to you is to choose cheap life insurance
rates policies. These kinds of policies are to be paid only for preset and pre–defined course of time period and unlike to the whole living assurance, you
don't need to continue paying for all through your life. A further method in this route is to generate endeavors to maintain your self health wise in good

Ethical Problems Faced by Actuaries in Business & Some...
Cover Sheet
Executive Summary
Our group, "The Super Six" focussed our research on the problem of ethics and actuarial science. As Sholom Feldblum states "The actuary has a dual
role: an objective professional providing guidance on insurance issues and a business manager promoting the goals of an insurance company" (Sholom
Feldblum, pg.1). The purpose of our research was to determine the most common ethical problems an actuary faces, and the most appropriate methods
to solve these problems. Solutions were necessary so that our stakeholders, current and prospective actuaries, will have more guidance when faced with
these dilemmas. In the valuation sector, we found that the two main conflicts faced by the actuary were to use discounted ... Show more content on
Helpwriting.net ...
Through this report, we will explore these subtopics in great detail, and offer several solutions to these three most common ethical situations an actuary
encounters, as well as recommendations on how to avoid these ethical problems from ever arising.
Methods
Our primary means of research was the internet. We found most of our sources by exploring the many professional actuarial groups, and looking
through their collections of articles and periodicals. We found that our best sources were from professional organizations such as the Society of
Actuaries, and the Casualty Actuarial Society, both publish periodicals with reliable articles from accredited actuaries. This method of searching
through articles put out by professional organizations was most effective for us because all of the articles were written by fully qualified actuaries who
have first hand experience working through the ethical conflicts that we describe in our report. All our articles are first reviewed by the professional
organization that publishes them, to ensure that they contain accurate, and relevant information, which allowed us to keep all our conclusions
professional and our arguments strong. We also used several court documents containing actuarial testimonies about policy rates, and proper returns on
investments. These documents were very useful, as all the information was very accurate given the legal process required and the extensive
background checks and research that went into

Life Tables Of Gambusia Holbrooki
Discussion
In population Ecology, life history tables are very important, often times one is not able to follow throughout the life history of a species of animal,
let alone a series of animals. Life tables allow scientists to be able to make predictions about not only a species' population, but also how well an
organism in that species may survive. Life history tables allow others to be able to understand more about the life of a certain animal. Whether that
animal has a high mortality rate at an early stage in life or whether an animal has a high mortality rate at a later stage in life, are numbers that can be
depicted within a life table. Gambusia Holbrooki was chosen for this life table because it was readily available at Hennington ... Show more content on
Helpwriting.net ...
One person was the designated measurer, one person would capture the mosquito while, and the last person would be in charge of recoding the data
and observations made. The group then headed over to Hennington Pond on the Modesto Maidique Campus (MMC) of Florida International
University (FIU) in order to proceed with the sampling. After a quick survey of the surrounding, the group was able to identify an optimal location to
capture the mosquitofish. Multiple captures were conducted with a large net in. As each round of captures were conducted, the fish were then taken
from the net and measured with a ruler in order to find out how big the fish was, in millimeters. Any fish that measured less than 9mm would not be
counted as one of the fifty fish needed for the sampling. After 50 measurements of fish, the field portion of the experiment was concluded. Materials
were then returned to their proper location and the research was continued. To find the age of the fish, the following formula was used:
Age = 8*(Standard Length)–68
The age class, sample/age class, number/age class, survival rate, offspring/individual, and age–weighted fecundity of each fish was then recorded using
the functions provided on the table, which the data was put into a table. The type of table that was used is a vertical (static) life table, due to the fact
that the experiment was done

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