wellinghall: (Pine marten)
f(x)=6x+3 walks into a bar.
“Got any sandwiches?” f(x)=6x+3 asks the barman.
“Sorry,” he replies, “We don’t cater for functions.”

Top 6 things you will never hear an actuary say:
6. I have a hot date tonight.
5. I got a lot out of that marketing meeting.
4. Our prices are too high.
3. Just throw out that large loss; it’ll never happen again.
2. We’ve got to take more chances here.
1. We can expect your favourable trend to continue indefinitely.

Q: Why does a heavy metal fan want to become an actuary?
A: He wants to be paid for predicting death and destruction.
wellinghall: (Alex)
I note that the FTSE 100 share index currently stands at 6006.66.

I am easily amused.
wellinghall: (Lemming)
Selected "highlights":
Rank, Country, Overall, Males, Females
1, Japan, 82.6, 79.0, 86.1
22, United Kingdom, 79.4, 77.2, 81.6
38, United States, 78.2, 75.6, 80.8
-, World, 67.2, 65.0, 69.5
195, Swaziland, 39.6, 39.8, 39.4
http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy

Full table behind the cut )

Map here:
http://filipspagnoli.files.wordpress.com/2008/05/life_expectancy_world_map.jpg
(probably from different data)
wellinghall: (The Inn)
"Go not to the actuaries for counsel, for they will say, 'On the one hand this, but on the other hand that.'"

"Do not meddle in the affairs of actuaries, for they are subtle and quick to anger."

In other news, we had duck eggs for breakfast this morning :-)

ETA: Another t-shirt
http://penfoldlabs.blogspot.com/2010/05/another-t-shirt.html
(Warning: some may find this in poor taste)

Population

Aug. 27th, 2009 04:59 pm
wellinghall: (Wedding)
Following the release of the UK population estimates for mid-2008, I have pulled out a few details (from http://www.statistics.gov.uk/pdfdir/pop0809.pdf and elsewhere).

UK population estimates for mid-year:
- 1981: 56.4m
- 1986: 56.7m
- 1991: 57.4m
- 1996: 58.2m
- 2001: 59.1m
- 2006: 60.6m
- 2008: 61.4m
- 2011: 62.8m (projection)

Read more... )
wellinghall: (St Bernard)
Country with the highest life expectancy: Macau, 84.4 years
United Kingdom: 79.0 years
USA: 78.1 years
Country with the lowest life expectancy: Swaziland, 31.9 years
Source of these, and figures for all 224 countries, is https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

UK male life expectancy: 77.2 years
UK female life expectancy: 81.5 years
Source of these, and other figures, is http://www.statistics.gov.uk/cci/nugget.asp?ID=168

A reasonably intelligent life expectancy calculator
http://www.tiscali.co.uk/lifestyle/calculators/life-expectancy.html
I get to 80
wellinghall: (Lemming)
Benford's law states that in lists of numbers from many real-life sources of data, the leading digit is distributed in a specific, non-uniform way. According to this law, the first digit is 1 almost one third of the time, and larger digits occur as the leading digit with lower and lower frequency, to the point where 9 as a first digit occurs less than one time in twenty. The basis for this law is that the values of real-world measurements are often distributed logarithmically, thus the logarithm of this set of measurements is generally distributed uniformly.

This counter-intuitive result has been found to apply to a wide variety of data sets, including electricity bills, street addresses, stock prices, population numbers, death rates, lengths of rivers, physical and mathematical constants, and processes described by power laws. The result holds regardless of the base in which the numbers are expressed, although the exact proportions change.

http://en.wikipedia.org/wiki/Benford%27s_law

Mortality

Mar. 26th, 2009 04:46 pm
wellinghall: (Orkney)
I can't imagine why I ever thought anyone else might be interested in this )

Do a Google search on "uk population mortality" (leaving in the quotes), and limit the search to UK websites. See what the fourth hit is. Be amused.
wellinghall: (Flatcoat)
Ratio of male to female mortality, by age band

21-25 459%
26-30 220%
31-35 184%
36-40 151%
41-45 129%
46-50 130%
51-55 130%
56-60 145%
61-65 158%
66-70 162%
71-75 152%
76-80 150%
81-85 149%
wellinghall: (Default)
Plenary sessions:
Principles Based Regulation and its Effect on Actuaries and our Customers
Commercial Skills
Retail Distribution Review
The Changing Role of the Life Actuary - From Function Holder to Strategic Risk and Capital Manager

Breakout sessions / workshops:
Excess Mortality from Influenza Pandemics
Working Party Session - Actuarial Processes and Controls - Best Practice
The Winds of Change (the Implications of Climate Change to Business Performance)
Yield Curves Revisited
The Longevity Revolution
wellinghall: (Default)
Still in Manchester. Weighed down with conference papers, free goodies, last night's dinner, and near-infinite amounts of tea and biscuits. Coming home this afternoon :-)
wellinghall: (Default)
Actuarial issues in the novels of Jane Austen

The demography of the British Peerage.

On the statistics of second marriages among the families of the peerage.

Systems of leap years.

The dawn of Scottish social welfare : A survey from medieval times to 1863.

Alcohol and human life.

ETA: You know, I thought it might be the Jane Austen paper that got the most attention! I've put some further details in a comment.
wellinghall: (Default)
A reasonable two days - I think I've earned my 11.25 hours of Continuing Professional Development. Sawa few old colleagues and other acquaintances; had some fairly good food (for mass catering); the hotel was okay, but if it really was "one of Glasgow's premier hotels", I worry for the city!

Got to the airport with loads of time to spare, so divided it between an Agatha Christie (which it turned out I've read before) and an internet terminal (which wouldn't let me onto my own LJ, saying t had dubious content!!!)

Flight uneventful, heard the Archers in the taxi, back home, Creatrix had made me a moussaka.

Need to get into work early tomorrow, then appointment in the evening.

Glasgow

Nov. 2nd, 2006 06:53 pm
wellinghall: (Default)
This weekend, I'll be going to Glasgow, for the UK actuarial profession's Life Convention 2006. The interested, or merely terminally sad, can download a .pdf file here:
http://www.actuaries.org.uk/files/pdf/cpd/life2006.pdf

I'm not really looking forward to it - I've been to Glasgow three times before, and suffered various disasters each time. This trip will mean two Easyjet flights; checking into an identikit hotel; two-plus days of bland conference food, drinking far too much tea, and eating too many biscuits; and being herded from room to room; all in the name of Continuing Professional Development. Most of the break-out sessions do actually look as though they might be rather good; the plenaries, rather the opposite.

What with this, having to make up for today's absence from work, and an appointment next Wednesday evening, I'm not going to be around much for the next week or so. However, I think I have now caught up on all my LJ posts and comments; and I will do my best to catch up on emails before I go.

Useless

Oct. 7th, 2006 06:53 pm
wellinghall: (Default)
The magazine "The Actuary" has started an e-mail alert service; you tell it what sort of article, job ad etc you are interested in, and it sends you an alert if there's anything in each month's issue that meets your criteria. And what does the alert say? "This month's issue contains articles and / or job adverts that may be of interest to you."

And that's all. No titles, no trailers, no page numbers, no weblinks, no nothing. How utterly useless!

W00t!

Sep. 21st, 2006 06:53 pm
wellinghall: (Default)
I was on a working party through work for a quite inordinate period of time, and we eventually produced a paper which we presented to the Staple Inn Actuarial Society. And this week we found out that we have won an award, as the best paper presented to the Society last year. Woo-hoo!

EDIT: If you're near Staple Inn on 17 October, you can come and see us collect the award ;-)

A quote

Jun. 8th, 2006 04:33 pm
wellinghall: (Default)
Here:
http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2006/0608_sb.shtml
a speaker from the FSA quotes Bilbo Baggins.

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