Actuarial Internship Interview Questions

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When running Monte Carlo type simulations in situations where you're only interested in tail outcomes, do you know of a way to only simulate those outcomes, so that you can come up with more reliable answers in fewer simulations?
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Actuarial Analyst

Interviewed at WTW

3.9
Mar 13, 2014

When running Monte Carlo type simulations in situations where you're only interested in tail outcomes, do you know of a way to only simulate those outcomes, so that you can come up with more reliable answers in fewer simulations?

She also asked about actuarial and what I knew about the industry and the job in particular but never gave me a chance to say much about Reinsurance that I really studied since I thought would be a major point. She asked me what I knew about the news, but we ended up talked about the financial crisis in Cyprus that happened in March 2013. The kind of person thought that I think they were looking for is one that does not feel confident about themselves and is more prepare to fail rather than succeed. I am saying that because she asked me how long does it take to be qualified? And I gave the industry averages of 3-6 years. She said that she was qualified in 7 years and that it is more important to have the exposure to the clients rather than concentrate to the exams. Also, I had a confident attitide in terms of passing the actuarial exams and that I am not affraid of failing but I would rather not (btw she asked about a failure and how you dealt with it). I don't think that after all that she liked me, but I liked her and it was a very good experience for me.
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Reinsurance Analyst - Actuarial

Interviewed at WTW

3.9
Feb 6, 2015

She also asked about actuarial and what I knew about the industry and the job in particular but never gave me a chance to say much about Reinsurance that I really studied since I thought would be a major point. She asked me what I knew about the news, but we ended up talked about the financial crisis in Cyprus that happened in March 2013. The kind of person thought that I think they were looking for is one that does not feel confident about themselves and is more prepare to fail rather than succeed. I am saying that because she asked me how long does it take to be qualified? And I gave the industry averages of 3-6 years. She said that she was qualified in 7 years and that it is more important to have the exposure to the clients rather than concentrate to the exams. Also, I had a confident attitide in terms of passing the actuarial exams and that I am not affraid of failing but I would rather not (btw she asked about a failure and how you dealt with it). I don't think that after all that she liked me, but I liked her and it was a very good experience for me.

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