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  • Actuary Listed in Top 5 Best Jobs in 2014

    Those skilled in mathematics and statistical analysis can find rewarding opportunities as an actuary. The career is challenging, and becoming an actuary requires passing a series of exams.
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  • Future Actuary

    The Future Actuary, Winter 2014

    A joint newsletter of the Society of Actuaries/Casualty Actuarial Society.
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    Actuarial Society of Greater New York's Actuarial Career Day

    We cordially invite you to attend the 25th annual Actuarial Career Day. This event will take place on Sunday, January 12, 2014, at Columbia University’s Alfred Lerner Hall, 2920 Broadway, New York, NY 10027.
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The Professional Life

Wherever there is risk, there are opportunities for actuaries. And the recent financial crisis has further highlighted the skills actuaries bring to the table. Watch this new Actuaries in Action video to hear what some of today's actuaries say about the future of the profession and the increasing demand for actuaries, especially in nontraditional roles.

Do The Math

An insurance company issues life insurance policies in three separate categories: standard, preferred, and ultra-preferred. Of the company’s policyholders, 50% are standard, 40% are preferred, and 10% are ultra-preferred. Each standard policyholder has probability 0.010 of dying in the next year, each preferred policyholder has probability 0.005 of dying in the next year, and each ultra-preferred policyholder has probability 0.001 of dying in the next year. A policyholder dies in the next year. What is the probability that the deceased policyholder was ultra-preferred?

  1. 0.0001
  2. 0.0010
  3. 0.0071
  4. 0.0141
  5. 0.2817

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