Archive → February, 2011
Actuaries are responsible for estimating risk in order to help insurance companies set premiums for insurance policies. An actuary will analyze data in order to estimate the probability of certain events such as injury or loss of property, often using sophisticated computerized systems in order to determine how much an insurance company will have to pay out on a claim.
Factors these professionals will take into account will include age, sex, and driving history if an actuary is working for insurance agency. Most will provide advice to clients on a contractual basis, and they may also have to testify in court if an individual is hurt or killed in an accident, in order to estimate the value of future benefits.
Most actuaries will work 40 hours a week at a desk, mostly utilizing computer Technology in order to determine insurance premiums.
The job itself is a fairly low stress and will usually require very little over time, although consulting actuaries may have to travel to me with their clients.
These professionals will need a strong background in fields such as statistics, business, and math, and they are usually required by an insurance agency to have a bachelor’s degree and to pass a battery of exams so that they can become certified. Actuarial licensing is provided by the Society of Actuaries and the Casualty Actuarial Society, which certify individuals in the fields of life Insurance, retirement, finance, health benefits, investment.
On the job training will usually start out performing various jobs such as supervising clerks, preparing research, and writing letters, moving from one position to another as they advance in responsibility.
In 2006, actuaries had over 18,000 jobs in America, with more than half being hired by insurance agencies, and the rest being independent brokers selling insurance policies. Job growth is expected to increase rapidly over the next 10 years, and employment opportunities for those with bachelor’s degrees should remain high in the future.
To make such calculations, requires knowledge of mathematics beyond algebra and actuarial modeling. Although not necessary, most actuaries have at the least a bachelor’s degree. No specific major is required but courses in calculus and probability will help an inspiring actuary past the battery of exams needed to become a full-fledged actuary. (Hint: Those with degrees in quantitative fields such as mathematics and statistics do quite well on the exams.)
The actuarial exams are probably the biggest obstacles in becoming an actuary. The exams have the reputation of being the most rigorous of all professional exams, even harder than the Certified Public Accountant or Chartered Financial Analyst exams. Nevertheless, the exams can be mastered with perserverance and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten (10) exams.
ITRIS is a leading recruitment system used daily by thousands of recruiters across the world.
World class recruiters of all kinds around the globe need a world class software system to help them stay ahead in the game, and more and more are choosing Itris. Itris recruitment software is different.
It has been inspired by recruiters who understand that one of the most important aspects of building a successful recruitment brand is business development. Itris delivers the widest range of tools to help you be more proactive and successful.
ITEC Systems understand that poor support is the major reason for changing providers, so we invest upfront, at the design stage, in minimising your need for support, and in dealing with your queries speedily and efficiently when they do arise.
Itris recruitment software includes a number of advanced, but simple to use features that allow consultants, teams and businesses to configure the system to the way they want to work.
Whether it’s as simple as changing languages or colours, or advanced as defining your own workflow, Itris doesn’t lock you in to one vision of recruitment practice.
Adding value to your business
Recruitment consultancies of all kinds choose Itris recruitment software because it adds value to their business. It has been designed to deliver all of your functional needs out of the box, reducing the need for time spent on configuration.
You just switch off what you don’t want to use, rather than purchasing additions which we include as standard.
Itris caters for all types of recruitment: permanent, temporary, contract, interim and headhunt, without the need for additional “modules” or databases.
Itris is built on the highly scalable SQL server platform, meaning it can grow as your business grows. And best of all, upgrades to new versions are included as standard. All of this means that Itris recruitment software is probably the most cost-effective investment you can make.
One of the biggest concerns of recruitment business owners today is security of data. Itris recruitment software includes custom security arrangements which mean that you never have to worry about your consultants having a head start in setting up their own business with your most valuable assets. Fully permissionable, you only expose functionality that consultants need to do their job. Data is held in the highly secure SQL database, and document encryption comes as standard.
Itris recruitment software is packed full with process and workflow automation, so that the repetitive day to day tasks of adding jobs, registering candidates, tracking them, shortlisting them, making placements, managing timesheets, references or compliance and all their associated administration are the fewest clicks away.
Itris features a full range of business development tools, many of them unique, so that you can maximise the time saved through automation in the most productive way, and minimise lost opportunities as Itris anticipates them and alerts you.
As well as a comprehensive suite of reports that tell you the status of your business at any time, Itris recruitment software also includes a reports through which you can track and measure business development activities among individuals or teams against KPIs.
Itris includes a number of advanced, but simple-to-use, features that allow consultants, teams and businesses to configure the system to the way they want to work. Whether it is as simple as changing languages or colours, or advanced as defining your own workflow, Itris recruitment software doesn’t lock you in to one vision of recruitment practice.
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Baby boomers were brought up with a ‘n’ number of problems hanging over their head. A common fear that exists for both youth and childhood is that of the effects of a nuclear catastrophe and the catastrophe that will taking place after the nuclear war. To control and prevent such things, regular checking has to be done.
Another main form of threat that was always present was that of perishing in a war. This was the main drawback of joining the military forces. This type of recruiting soldiers was done through many decades for many wars. This method was considered as a tradition for selecting soldiers.
Constrictive use was not something that the United States government discovered. Conscription dates back to the early Greek and roman civilizations. These types of conscriptions made sure that there was a regular supply of men in the army for war time activities.
Back in the 1960′s, there was a tradition in America that young men should provide their four years of their service to the army between school and college. This instilled the fear of death in young minds and made most of them cowards.
Many cultural assumptions were changed due to the agonizing Vietnam War. The baby boomer generation was the generation which questioned and destroyed the draft in the country. During the sixties all the men lived with a fear of draft, which symbolized a certain injury or may be even death. Thus the men feared for their lives and lived a pathetic life, a life full of fear and pain. After the demolishing of the drafts people lived a peaceful and happy life without any terror of losing lives.
The war draft in Vietnam not only instilled a fear in the youth.
The war went on over for long time that even teenagers started pondering over ideas to avoid the draft. Now, forty years later we forget to find a legitimate way making the draft pass young people was considered as an act of a coward.
All the relatives of the youth including the father who brought him up, the mother who raised him and all the sisters and brothers would do to save the youth from certain death was considered to be a fair game.
After the war at Vietnam ended, the draft which was developed at that time also came to a staggering end. The credit for this unique achievement goes to the army and the millions of young hearts that had kept an excellently trained army that could win in any battlefield even in the absence of a draft. Thus was the coordination between the people in the army. When the draft was destroyed, people were able to lead a peaceful life.
On thinking whether the military draft may return or not, the answer may be yes or no. If thought about in an angle we get the idea that generation of military drafts has died with the great baby boomer generation. But thinking in another angle, America has been a superpower in this world right from after the Vietnam War. They will not lower themselves to any nation. So if this is the case the Americans have got to have an excellent warfare and an excellent army. Not all people will voluntarily enter the army. So that it is clear that in an American citizen’s mind would definitely not want to bow down to any other nation in this world. So can a country have enough war staff and firepower to defend itself without a draft? Let’s wait and see.