Blog posts tagged with: maths

IFoA travel time to Fellowship: no evidence from the sample that actuarial science graduates/masters qualify any quicker

by Patrick Lee on 01 May 2023 in categories actuarial with tags maths lifelong learning ifoa

There is no evidence (at least from this sample of 307 Fellows) that actuarial science graduates or masters students qualify any quicker than students who do other degrees and don't do an actuarial science masters. This is likely to be of concern both to the IFoA and the universities offering such courses. Once again I urge the IFoA to be transparent and publish a detailed study using its full dataset.

The IFoA long qualification process: some evidence that it is slightly longer for women (by about half a year)

by Patrick Lee on 01 May 2023 in categories actuarial with tags maths lifelong learning ifoa

Here are the results split by sex in table form: Distribution of Fellowship Travel Time by Sex and graphically, first via histograms: Histograms of Fellowship travel time by sex and secondly by Box Whisker charts (the blue shaded boxes show the interquartile range, which really ought to be what the ...

Time to qualify as an IFoA actuary: how long it really takes in practice

by Patrick Lee on 01 May 2023 in categories actuarial with tags maths lifelong learning ifoa

A summary of the analysis I carried out on a sample of the 2020 to 2022 new qualifiers (Associates and Fellows) of the Institute and Faculty of Actuaries. Associate Travel time: median 5.54 years, mean 6.71 years. Fellow Travel time: median 6.63 years, mean 7.42 years.

IFoA Roulette, or "Do I feel lucky? Well, do ya, punk?"

by Patrick Lee on 01 May 2023 in categories actuarial with tags maths lifelong learning ifoa

Further to my previous article with an analysis of the time taken to qualify by recent (2020-2022) new Fellows and Associates of the Institute and Faculty of Actuaries, you can try a simulation of how long it might take you to qualify here.

COVID-19: some observations and queries following the publication of the Imperial College Response Team's paper of 16 March 2020

by Patrick Lee on 19 Mar 2020 in categories actuarial with tags maths COVID19

(Like all my posts on this blog, these are my personal observations, made in a personal capacity and not representative of any employer or organisation I am associated with.) The UK government has stated that they are taking decisions based on scientific and medical advice. In particular, recent decisions have ...

Valuing large pension plans more quickly and cost effectively using Azure Functions (Part 2)

by Patrick Lee on 08 May 2019 in categories actuarial pensions with tags valuation cashflow projection maths

In Part 1 , I wrote: When done accurately and before any clever processing, the number of cashflows produced can easily run into the millions , and for a large pension plan, into the billions . (When I have time, I plan to explain why, and talk about some of ...

Maths silent failure problems (treatment of divide by zero, log 0 etc) are also present in .NET Core 3 Preview

by Patrick Lee on 02 May 2019 in categories tech with tags ASP.NET Core maths

Further to this post , the exact same behaviour (as for .NET Core 2.2) is observed in .NET Core 3 Preview.

Some maths problems from .NET 4.72 and earlier are still present in .NET Core 2.2, also Dictionary problem in .NET 4.72

by Patrick Lee on 01 May 2019 in categories tech with tags ASP.NET Core ASP.NET 4.72 maths dictionary

For many years, I and colleagues have been aware that the treatment of maths in .NET (and even before that in C++) can lead to code FAILING SILENTLY. That is: the code stops working normally, but instead of stopping and letting the user know that there is a problem, it ...