Blog posts

Actuarial acronyms and notation

Actuaries use a lot of acronyms, and keeping track of them all can be tricky. Whether you're new to the field or have years of experience, you've probably come across abbreviations that left you guessing.

This guide is here to help. It's a collection of actuarial acronyms, all in one …

Time Value of Options and Guarantees (TVOG) for Life Insurance

In this post, we'll walk through the process of calculating the Time Value of Options and Guarantees (TVOG) for a basic life insurance product. TVOG is an important concept in life insurance, as it helps quantify the cost of the guarantees embedded in insurance contracts. Using a stochastic approach, we'll …

Best actuarial books

In this post, we want to share a list of some of the best actuarial books that helped us understand actuarial science better. This is just our personal list, but we think these books are great for anyone studying or working in the field.

Is there a book you think …

Call option valuation: Black-Scholes vs. Monte Carlo

In this post, we will tackle the valuation of call and put options using two methods: a closed-form formula and a stochastic model. Options are a type of financial instrument that give their owner the right, but not the obligation, to buy or sell an asset at a predetermined price …

Cash flow model output

In this post, we will discuss the output of a cash flow model using the cashflower package in Python. We will explore how to generate grouped output, select a subset of columns, and customise the output format. Understanding how to structure and manage output is essential for effective analysis and …