“Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.” - Lao Tzu The main difference between modern education and classical education is a focus on the maxim: “Know Yourself.” Classical education is about bringing our preconceptions of reality, our idea of what is reasonable, and our will … Continue reading Knowing Yourself
As we sit back and watch the news, read the papers, or attend technology conferences we are increasingly inundated with stories of cryptocurrency bubbles and the rush (or lack thereof) to regulation. For many, blockchain is synonymous to Bitcoin and Bitcoin to cryptocurrency, but that’s both wrong and a massive undersell of the potential for … Continue reading Blockchain, Bitcoin and the Disruption of Insurance
Our February edition of Actuaries Around the World takes us to Hungary. Gábor Borza is an actuarial consultant working with Tools4F and is a board member of the Hungarian Actuarial Society, which he chaired from 2013 until 2017. Borza spent the first 22 years of his professional career at ING / Nationale-Nederlandem, a retail financial … Continue reading Actuaries Around the World – Hungary
It was the last week of the year. Validate Health was retained to validate the risk adjustment submission for a medium-sized Medicare Advantage plan. We had until the end of the week to recalculate risk adjustment for over 50,000 beneficiaries and millions of claims. The pressure was mounting. We needed a way to quickly process … Continue reading Melting Data in Python to Discover $6 Million in Missed Risk Adjustment
This month we have the pleasure of interviewing Dr. Rajesh Dalmia. Rajesh is a partner at EY Actuarial Services, one of the big four consulting firms in India. He has significant experience in insurance consulting and has worked on projects with almost all the large insurers in the private sector in India in his long … Continue reading Actuaries Around the World: India
Most of us have an ambivalent attitude towards ethics, and would not see this field as something exciting or powerful. We know and feel that without a certain amount of goodness, life isn't really worth living. But on the other hand, ethics can make us think about things like right or wrong and what we … Continue reading Ethics – So What!
Guest Post by Stephen Camilli, FSA, President, ACTEX Learning After reading Jay Jaffe’s review of Atul Gawande’s seminal book, The Checklist Manifesto, I had to read the book for myself, and it did not disappoint! I also wanted to hear more from Jay about how checklists that resulted in greater safety, efficiency and standardization in … Continue reading The Actuarial Checklist: An Actuary’s Professionalism Security Blanket