Episodios

  • Episode 94: Media Psychology

    Episode 94: Media Psychology
    Jun 26 2024
    My guest for Episode 94 is Dorothy Andrews, ASA, MAAA, PhD, Senior Behavioral Data Scientist and Actuary at NAIC.

    The theme for the episode is 𝗠𝗲𝗱𝗶𝗮 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝘆.

    Dorothy and I explore the following topics:⁣

    ✅ The link between media, data, and algorithms
    ✅ Pitfalls in using big data to gain cognitive insights
    ✅ The relevance of psychology for building models
    ✅ The link between correlation and causation
    ✅ Rational explanations for variable relationships
    ✅ Natural experiments and randomized controlled trials
    ✅ The link between cognitive bias and cognitive dissonance
    ✅ Bias in traffic ticketing, health diagnoses, and loss ratio modeling
    ✅ Potential downstream societal implications of bias
    ✅ How the insurance industry is addressing negative bias

    If you are interested in learning about media psychology, you want to listen to this.

    My Website: maverickactuary.com
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    56 m
  • Episode 93: Digital Transformation

    Episode 93: Digital Transformation
    Jun 19 2024
    My guest for Episode 93 is Annie Tay, FIAA, FIA, CERA, Senior Advisor at Meanwhile.

    The theme for the episode is 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻.

    Annie and I explore the following topics:⁣

    ✅ Manufacturing and reviewing global insurance products
    ✅ Developing financial strength methodologies for life insurance
    ✅ The underlying drivers of strategic restructuring
    ✅ The pathway to Merger & Acquisition (M&A) transactions
    ✅ The role actuaries play in M&A transactions
    ✅ Lessons learned from a 56-jurisdiction acquisition
    ✅ Working in quantitative risk management as an actuary
    ✅ Digital transformation and its relevance for actuaries
    ✅ Recent market developments involving digital transformation
    ✅ Business problems being solved by actuaries in Fintech
    ✅ Developing a life insurance product on the blockchain
    ✅ Digital transformation opportunities for actuaries beyond insurance

    If you are interested in learning about digital transformation, you want to listen to this.

    My Website: maverickactuary.com
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    46 m
  • Episode 92: Actuarial Reserving

    Episode 92: Actuarial Reserving
    Jun 5 2024
    My guest for Episode 92 is Larry McClure, FCAS, Chief Reserving Actuary, Americas P&C at SCOR.

    The theme for the episode is 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗶𝗻𝗴.

    Larry and I explore the following topics:⁣

    ✅ The business imperative for actuarial reserving
    ✅ Schedule P, Statement of Actuarial Opinion, and actuarial reports
    ✅ Key decision points impacted by reserving actuaries
    ✅ Reserving actuary interactions with finance, claim, and pricing actuaries
    ✅ Fundamentals of a reserving analysis
    ✅ The impact of limits, attachment points, and policy changes on reserving
    ✅ Key reserving differences between insurance and reinsurance
    ✅ Key reserving differences between US and international jurisdictions
    ✅ Fair value accounting under IFRS 17
    ✅ Regulatory regimes in the UK, Ireland, Australia, and France
    ✅ The impact of social inflation and COVID on reserving

    If you are interested in learning about actuarial reserving, you want to listen to this.

    My Website: maverickactuary.com
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    1 h
  • Episode 91: Small Business Consulting

    Episode 91: Small Business Consulting
    Jun 1 2024
    My guest for Episode 91 is Esperanza Borja Mead, FCAS, FSA, MAAA, Principal at Actuarial Factor.

    The theme for the episode is 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴.

    Esperanza and I explore the following topics:⁣

    ✅ The inspiration behind starting her own business
    ✅ Transitioning from corporate to entrepreneurship
    ✅ Bridging the entrepreneurial knowledge gap
    ✅ Marketing, sales, and pricing for new business owners
    ✅ Boutique consulting firms and the clients they serve
    ✅ Providing actuarial services for multinational clients
    ✅ Regional risk dynamics in the US, Latin America, and the Caribbean
    ✅ Delivering value for clients consistently

    If you are interested in small business consulting and working internationally, you want to listen to this.

    My Website: maverickactuary.com
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    45 m
  • Episode 90: Workers Compensation

    Episode 90: Workers Compensation
    May 22 2024
    My guest for Episode 90 is Donna Glenn, FCAS, MAAA, Chief Actuary at NCCI.

    The theme for the episode is 𝗪𝗼𝗿𝗸𝗲𝗿𝘀 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻.

    Donna and I explore the following topics:⁣

    ✅ Working in underwriting and product management as an actuary
    ✅ Origins of workers compensation in the United States
    ✅ Private markets, state funds, and residual markets
    ✅ Indemnity and medical claims transactions
    ✅ The National Council on Compensation Insurance (NCCI)
    ✅ NCCI loss cost and rate analysis
    ✅ LCMs, e-mods, schedule mods, and company deviations
    ✅ Class-level rating and individual risk rating
    ✅ Aggregate loss factors on demand
    ✅ Legislative pricing, industry-level analytics, and data validation
    ✅ Impact of extreme temperatures on workers compensation

    If you are interested in learning about workers compensation, you want to listen to this.

    My Website: maverickactuary.com
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    49 m
  • Episode 89: Actuaries in Consulting

    Episode 89: Actuaries in Consulting
    May 15 2024
    My guest for Episode 89 is Ron Kozlowski, FCAS, Lead Consultant at RTK Actuarial and Professional Services.

    The theme for the episode is 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗲𝘀 𝗶𝗻 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴.

    Ron and I explore the following topics:⁣

    ✅ Deciding whether to be a generalist or a specialist
    ✅ Solving business problems and selling business as a consultant
    ✅ Specializing in construction defect reserving
    ✅ The importance of taking risk as an actuary
    ✅ Working with meteorologists, seismologists, and engineers to develop catastrophe models
    ✅ Evaluating class action damages for a building supply manufacturer
    ✅ Developed and developing actuarial markets in Asia
    ✅ Software and bancassurance work in Asia
    ✅ Motor detarrification in China, India, and Malaysia
    ✅ Promoting general insurance actuarial practice in Vietnam
    ✅ The offshoring of actuarial work in Asia
    ✅ What actuarial judgment is, when to use it, and how to develop it

    If you are interested in learning about what it takes to be an effective actuarial consultant, you want to listen to this.

    My Website: maverickactuary.com
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    1 h y 3 m
  • Episode 88: Climate Scenario Analysis

    Episode 88: Climate Scenario Analysis
    May 7 2024
    My guest for Episode 88 is Lloyd Richards, FIA, CERA, CStat, Director and Head of Actuarial at Crowe UK and Teaching Fellow at the Queen Mary University of London School of Mathematical Sciences.

    The theme for the episode is 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀.

    Lloyd and I explore the following topics:⁣

    ✅ Sustainability and its relevance for risk management
    ✅ The current sustainability landscape
    ✅ Bank of England’s CBES directive
    ✅ Physical, transition, and legal risks
    ✅ Climate scenario analysis and stress testing
    ✅ How actuaries get involved with climate scenario analysis
    ✅ Addressing key gaps in climate scenario analysis
    ✅ Data visualization and its connection to climate scenario analysis

    If you are interested in learning about how actuaries are getting involved in Climate and ESG initiatives, you want to watch this.

    Thank you for being on the show, Lloyd.

    If you are interested in learning about how actuaries are getting involved in Climate and ESG initiatives, you want to listen to this.

    My Website: maverickactuary.com
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    50 m
  • Episode 87: Actuaries in Bermuda

    Episode 87: Actuaries in Bermuda
    May 1 2024
    My guest for Episode 87 is Wesley Montgomery, FIA, FASSA, CEA, CEEM, Senior Actuary at Pillar Capital Management Limited.

    The theme for the episode is 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗲𝘀 𝗶𝗻 𝗕𝗲𝗿𝗺𝘂𝗱𝗮.

    Wesley and I explore the following topics:⁣

    ✅ The insurance and risk management landscape in Bermuda
    ✅ The Bermuda Monetary Authority
    ✅ How insurance is regulated in Bermuda
    ✅ Accounting/reporting standards and tax advantages
    ✅ Global minimum tax for multinational entities
    ✅ How actuaries add value in insurance and risk management
    ✅ Unique challenges and opportunities for actuaries in Bermuda
    ✅ Traditional reinsurance, retros, and risk transfer
    ✅ Catastrophe bonds, industry loss warrants and parametric covers
    ✅ The culture outside of work in Bermuda

    If you are curious about the actuarial landscape in Bermuda, you want to listen to this.

    My Website: maverickactuary.com
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    53 m