Blog posts

In the world of actuarial science, we frequently encounter optimization problems. These challenges are most prevalent in the realm of pricing, where our goal is often to achieve a specific objective, such as expected profit. In this post, we will dive into a simple actuarial optimization problem and demonstrate how …

In this blog post, we're going to talk about net premiums in insurance. We'll explain what they are, how to calculate them, and even walk you through some practical exercises using Python with real-life examples.

While we touched upon the concept of net single premiums in a previous discussion about …

A bond is a type of financial asset that represents a loan made by an investor to a borrower, typically a company or a government. When an investor buys a bond, they are essentially lending money to the borrower in exchange for regular coupon payments and a promise to repay …

A life annuity is a series of payments while a given life survives.

Life annuities play a major role in life insurance. Life insurances are usually purchased by a life annuity of premiums rather than by a single premium. The amount payable at the time of claim may be converted …

Life insurance aims to reduce the financial impact of the event of untimely death. The life insurances are long-term in nature which provides a significant element of uncertainty.

The size and time of payment in life insurance depend on the time of death of the insured. The actuarial cash flow …