If you've recently started a business, then you know how many decisions you have to make each and every day. The same goes for a successful business that...
November 11, 2020
Using First Principles Thinking to Create Business Solutions
Ben Cohen, FSA, MAAA posted in Insider, Insights
The “First Principles” is a four-step approach to breaking down complex problems and generating original solutions. It has been used by some of the best...
October 27, 2020
Use John Boyd's OODA Loop to Make Better Business Decisions
Ben Cohen, FSA, MAAA posted in Insider, Insights
The OODA loop (Observe, Orient, Decide, Act) is a four-step approach to rapid decision-making in chaotic situations. US Air Force Colonel John Boyd...
October 14, 2020
The Limits of Financial Models: Why the Map is Not the Territory
Ben Cohen, FSA, MAAA posted in Insider, Insights
On election days worldwide, as voters leave the voting booth, reporters and interested parties ask people how they voted. We use exit polls to report on...
October 07, 2020
How Wakely Actuarial Tailors Our Approach to Meet Our Clients' Needs
Stefanie Porta posted in Insider, Insights
At Wakely Actuarial, we help insurance carriers develop strategies that fit their business needs.
September 25, 2020
Second-Order Thinking: Reasoning Through Different Business Outcomes
Ben Cohen, FSA, MAAA posted in Insights
In 1985, the Chicago Tribune reported on a Cheez Whiz advertising campaign that went wrong. The campaign, created by account planners at J. Walter Thompson,...
August 26, 2020
An Actuarial Opinion has evolved to become the pillar for establishing reserves for life, annuities, and health insurance. The goal is to make sure that...
August 17, 2020
Apply Inversion Thinking to Avoid Business Failure & Improve Decision Making
Ben Cohen, FSA, MAAA posted in Insights
What is Inversion Thinking?
If you're familiar with the premortem managerial strategy, then you're on your way to mastering inversion thinking.
May 07, 2020
Client Examples: How We're Solving for Unique Challenges with Actuarial Consulting Work
Ben Cohen, FSA, MAAA posted in Insights
As we enter into an unprecedented global economy spurred by COVID-19, it’s more important than ever for insurance carriers to evaluate their financial...
March 26, 2020
Working as the newest Consultant Actuary for Wakely Actuarial opens a new chapter in what has been an abundant career in the insurance industry.
