ALLIANZ Flashcards
Question at the end of interview?
- Daily routine and projects that you see me working on?
- Where does this role fit into the team structure?
Weakness
-Too inquisitive- can be annoying
- too invested in projects temporarily
Why actuary?
-Enjoy a challenge/ intellectually demanding course
-thrive in exam setting, clear structure for career progression, control over my trajectory
-Passionate about problem-solving
-risk transferable
Why Allianz?
-products, services, and solutions in insurance- corporate and specialty
-generous study package aligns with my love for learning pursuit of career progression and developing my skills- which is better than other companies
-networking and experience from reputable company
types of insurance
Financial Services
The financial services industry operates in a fast changing environment. We help our clients resolve challenges - from cybercrime, credit, and operational activities, to ever-changing D&O exposures and technological developments.
Global marine insurance and transport insurance for all types of marine risk, from cargo and freight to ports and vessels.
The aviation industry is constantly evolving. Advances in technology, new challenges and emerging risks require a partner who is highly experienced – one with the foresight to anticipate, rather than simply react. We have built relationships based on detailed knowledge and technical understanding of this industry and its challenges.
legal insurance
actuary exams
13 (could be different)-
news
-insurance plays a critical role in mitigating inequality by providing stability and control during turbulent seas.
-In our world, the focus has become more on business as insurance has become a global industry.
-As long as a policy is in place, vulnerable people are less exposed to falling into poverty following a financial shock, such as redundancy or health issues. It is a safety net but only part of the solution. Addressing social inequality must be tackled by society as a whole and that could significantly reduce the uncertainty of our world.”
-Soaring food prices and social unrest (influenced by Russian-Ukraine conflict inflation, US shooting chinese baloons and political division)
top 3 factors affecting the insurance industry
-Protecting personal data.
-Climate change effects on economy, human health and infrastructure.
-Cyber security from remote working increases.
-AI
delphi gini psi
In simple words, Population Stability Index (PSI) compares the distribution of a scoring variable (predicted probability) in scoring data set to a training data set that was used to develop the model. The idea is to check “How the current scoring is compared to the predicted probability from training data set”.
Commercial Delphi score is an analytical tool designed to highlight the strength, performance and ultimately the creditworthiness of each company in a single score. The score ranges from 0 to 100 with the lowest scoring companies carrying the highest risk.
What is the Gini in banking?
The Gini coefficient is a metric that indicates the model’s discriminatory power, namely, the effectiveness of the model in differentiating between “bad” borrowers, who will default in the future, and “good” borrowers, who won’t default in the future
Scorecard enables credit risk analysts to generate consistent standalone credit scores that reflect the fundamental creditworthiness of all banks in their portfolio - whether they are rated or unrated.
what does an pricing analyst (actuary) do?
-Data analysis is then evaluated.
-actuaries use mathematical models and statistical analysis to predict the likelihood of future events and their financial consequences in order to price the premium of insurance policies. according to my research this also involves working together with underwriters
