Kalpesh Agrawal- Kalpesh Agrawal
Non-Traditional Actuarial Areas
One of the most confusing questions among Actuarial Students...
What are the non-traditional Actuarial Areas?
To understand Non-traditional areas, first of all, let's discuss Traditional Actuarial areas.
➡ Insurance Industry
Pricing
Reserving
Valuation
Develop and manage insurance products
Statutory reporting
AAA rating
ORSA
➡ Consultancy
Design and management of pension, retirement, and employee benefit programs
Providing financial services
➡ Reinsurance
➡ Property and Casualty Insurance
It's time to grow in the non-traditional Actuarial areas like,
➡ CAT Modelling
➡ Predictive Analytics (A new report on the global Predictive Analytics market shows substantial growth through 2026.)
➡ Predictive Modelling
➡ Data Mining
➡ Business Analytics
➡ ERM (Enterprise Risk Management)
Market risk, Credit risk
Operational risk
Calibration of risk events
ERM cycle - identify, measure, action, monitor
➡ Investment and Fund Management
➡ Banking and Financial Services
Advice for investment and capital
Equity Analysis
Asset-liability matching
Credit risk
Product designing for insurance-related investment products
➡ Wealth Management and Financial Planning
➡ Entrepreneurial Actuaries
➡ Big Data Analysis
➡ Modeling
➡ Climate Change
➡ Mergers & Acquisitions
➡ Development of Actuarial software/systems
➡ Actuarial Audits
➡ Research and academics
Written by: Kalpesh Agrawal (Jr. Actuarial Officer- IIB)
Email ID: kalpeshagrawal2000@gmail.com