Employers
MSOE ActSci
Probability
Financial Maths
Terminology
100
This insurance company appeals to the heart of Americans, boasting its nearly 10,000 square foot American Flag
Who is Acuity
100
This company holds the title for employing the most MSOE Actuarial Science Alumni
Who is Milliman
100
This distribution is unique with an Expected Value that Matches it's Variance
What is Poisson
100
This principal states that currency is worth more now, than it is later
What is the Time Value of Money
100
This theorem states that the sum of a large number of independent and identically distributed random variables approximately follows a normal distribution.
What is Central Limit Theorem
200
This Wisconsin-based insurance company is one of only two with a AAA credit rating
Who is Northwestern Mutual
200
6 of our Actuarial Science Alumni hold this designation
What is Associate of the Society of Actuaries
200
This conditional probability formula is expressed as
What is the Law of Total Variance
200
This financial document, not to be confused with a sale, is a periodic payment on a larger financial instrument. One you would pay a premium to receive.
What is a coupon
200
This rate is such that the present value of cash inflows is equal to the present value of cash outflows.
What is Internal Rate of Return (IRR)
300
This insurance company is the largest in the United states by Market Capitalization and Direct Premiums written.
Who is State Farm
300
This percent of our Alumni hold roles in Non-Traditional Actuarial Jobs
What is 51%
300
This continuous distribution holds a memoryless property, making it an exciting find for an exam question about deductibles
What is Exponential
300
At an effective rate of 4%, it will take this many years for an investment amount to double
What is 18
300
This act, signed into law March 2010, set forth many regulations that altered the way life and health insurances needed to be administered.
What is the Affordable Care Act
400
This franchise-model consulting company, creates some of the most widely-used data for DI and LTC insurance experience
Who is Milliman
400
Dr. Yu-Sin Chang holds this certification, making her an exemplary addition to our department
What is Financial Risk Manager (FRM)
400
If P[A union B is 0.7], and P[A union B'] is 0.9, then P[A] is
What is 0.6
400
During this time period, someone seeking larger gains would find it beneficial to charge simple interest, rather than compound
What is the first year
400
This term describes the propensity of an insured to act less defensive, knowing they are covered
What is Moral Hazard
500
This company boasts the largest premium written globally, 51.3 billion dollars as of 2021
Who is Munich Re
500
These two hold the titles of Department Chair and Vice Chair respectively. (Careful on the Spelling)
Who are Dr. Kaltchev and Dr. Fuhrman
500
This is the probability of rolling a sum of 7 on two dice.
What is one sixth (1/6)
500
This is the present value of yearly payments of 1 continuing forever at 5% interest
What is $20
500
This statistical modeling method creates new axis to evaluate the data on to reduce the dimensions needed to express a dataset
What is Principal Component Analysis