Well, Actuarially...

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

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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October 31, 2018

Occam's Razor: Should All Consultants Apply This Principle First?

Ben Cohen, FSA, MAAA posted in Insider

Occam's razor (or Ockham's razor) is a principle from philosophy. Suppose there are two explanations for an occurrence or event. According to Occam’s razor,...

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