Well, Actuarially...

The latest actuarial industry news, upcoming events, lessons learned and common questions about our actuarial consulting services.

November 24, 2020

How Probabilistic Thinking Can Help You Reach Your Business Goals

Ben Cohen, FSA, MAAA posted in Insights

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...

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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...

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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...

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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...

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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.

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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,...

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August 26, 2020

Leveraging an Actuarial Consultant to Help Prepare an Actuarial Opinion

Stefanie Porta posted in Valuation and Financial Reporting

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...

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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. 

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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...

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March 26, 2020

Actuarial Consulting in a Time of Uncertainty

Stefanie Porta posted in Insights

Working as the newest Consultant Actuary for Wakely Actuarial opens a new chapter in what has been an abundant career in the insurance industry.

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