A life annuity is a series of payments while a given life survives.
Life annuities play a major role in life insurance. Life insurances are usually purchased by a life annuity of premiums rather than by a single premium. The amount payable at the time of claim may be converted …
Life insurance aims to reduce the financial impact of the event of untimely death. The life insurances are long-term in nature which provides a significant element of uncertainty.
The size and time of payment in life insurance depend on the time of death of the insured. The actuarial cash flow …
Mortality rates are one of the most critical assumptions in life insurance. Actuaries often rely on the mortality rates published by Statistics Offices. Typically, these rates are provided on a yearly basis. However, actuarial cash flow models operate on a monthly scale. In this post, we will explore two common …
In this blog post, I'll share the concept behind CashflowerHub, an application designed to be a central place for actuarial models, runs, and documentation. Currently, CashflowerHub is in its early development stages, with the core features being outlined.
CashflowerHub combines three key elements needed for effective actuarial reporting:
AI chatbots, such as ChatGPT, are shaping the way we work. Personally, I find them useful, especially for refreshing my memory on programming syntax.
Given that cashflower is an open-source package with documentation available online, I decided to explore if an AI assistant can be used to help with actuarial …