Backup and recovery procedures
Procedures put in place to ensure that data can be recovered in the event of a system failure or disaster.
Bayesian statistics
A statistical method used to update probabilities based on new data.
- Actuarial Science Vs Mathematics: Degree Value (Defined)
- Actuary: Risk Assessment Vs. Risk Management (Clarified)
- Actuary Vs Statistician: Job Differences (Clarified)
- Risk Management Vs. Actuarial: Career Paths (Defined)
- Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
- Actuarial Science Vs Statistics: Degree Choices (Defined)
- Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
- Actuary: Predictive Modeling Vs Traditional (Unpacked)
- What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
- What Training Do I Need To Become An Actuary? (10 Important Questions Answered)
Bayes’ theorem
A mathematical formula used to calculate conditional probabilities.
- Risk Management Vs. Actuarial: Career Paths (Defined)
- Actuarial Science Vs Statistics: Degree Choices (Defined)
Benchmarking
The process of comparing a business’s performance to that of its competitors.
- Actuarial Science Vs. Finance: Career Prospects (Unpacked)
- How To Negotiate Your Salary As An Actuary
Beneficiary
The person or entity designated to receive the benefits of a life insurance policy or retirement plan.
- Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
- Life Vs Non-Life: Actuarial Practice (Compared)
- Health Vs Life: Actuarial Specialties (Decoded)
Beneficiary designation
The process of designating who will receive the benefits of a life insurance policy or retirement plan.
Benefits
Non-wage compensation provided to employees, such as health insurance or retirement plans.
- Actuary: Workers Compensation Vs Personal Injury (Defined)
- 5 Surprising Benefits Of Being An Actuary
- Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
- Actuary: Full-Time Vs Contract Work (Explained)
- The Top Actuarial Certifications You Need To Boost Your Career
- Actuary: Private Sector Vs Government Jobs (Clarified)
- How To Negotiate Your Salary As An Actuary
- Actuary: Part-Time Vs Full-Time Roles (Compared)
- How Can I Take Advantage of Educational Assistance Through a Senior-Level Actuarial Compensation Package? (9 Simple Questions Answered)
- Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
- Product Development Vs Pricing: Actuarial Roles (Compared)
- How Much Relocation Assistance is Offered with a Senior-Level Actuarial Compensation Package? (6 Common Questions Answered)
- Health Vs Life: Actuarial Specialties (Decoded)
- What Should I Look for in a Senior-Level Actuary Compensation Package? (9 Simple Questions Answered)
- Actuary: In-House Vs Consulting Firm (Clarified)
- Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
- How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
- Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
- How Can Investment Analysis Assist an Actuary? (9 Simple Questions Answered)
- Pension Vs. Investment: Actuarial Focus (Defined)
- Actuary: Small Firm Vs. Large Corporation (Unpacked)
- Actuary Vs. Statistician: Which Career Offers Better Job Stability?
- Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
- What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
- The Pros And Cons Of Pursuing An Actuarial Career
- How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
- Actuary Vs Data Analyst: Similarities and Differences (Clarified)
- SOA Vs. CAS: Actuarial Certifications (Decoded)
- What Resources are Available Through Actuarial Alumni Associations? (10 Important Questions Answered)
- What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)
- How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
- How Does Financial Analysis Assist Actuaries? (9 Simple Questions Answered)
- Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
- How Can Actuaries Improve Their Negotiating Skills? (9 Simple Questions Answered)
- How To Stand Out As An Actuary In A Competitive Job Market
- How To Transition From Accounting To Actuary
- What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
- Actuarial Science Vs Statistics: Degree Choices (Defined)
- Actuary Vs. Teacher: Which Career Offers More Fulfillment?
- The Ultimate Guide To Passing Actuarial Exams On The First Try
- Actuary: Reinsurance Vs Direct Insurance (Explained)
- Actuary: Risk Assessment Vs. Risk Management (Clarified)
- The Ultimate Guide To Actuarial Internships: How To Land Your Dream Job
- The Top Skills You Need To Succeed As An Actuary
- 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
- How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
- Actuary Vs. Data Scientist: Which One Pays More?
- How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
- Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
- Actuary: Catastrophe Modeling Vs. Traditional (Compared)
- What Resources Are Available to Help Me Pass Qualifying Exams for Fellowship in the Actuarial Profession? (10 Important Questions Answered)
- 5 Surprising Ways Actuaries Use Statistics In Their Jobs
- How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
- How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
- How Do I Obtain Professional Designations as an Actuary? (10 Important Questions Answered)
- Risk Management Vs. Actuarial: Career Paths (Defined)
- The Top 10 Companies Hiring Actuaries In 2023
- Actuary: Predictive Modeling Vs Traditional (Unpacked)
- What Fees Are Associated with Gaining an Actuarial Certification? (10 Important Questions Answered)
- Actuary: Consulting Vs Corporate Roles (Compared)
- Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
- Actuary Vs. Accountant: Which Career Path Should You Choose?
- Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
- Actuary Vs. Business Analyst: Which Career Is More Lucrative?
- Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
- Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?
- Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
- Actuary Vs. Project Manager: Which Career Offers Better Job Security?
- What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
- What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
- How Do I Obtain Actuarial Qualifications? (8 Most Common Questions Answered)
- How Much Do Actuaries Make? (9 Simple Questions Answered)
- Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
- Life Vs Non-Life: Actuarial Practice (Compared)
- How Can I Make Connections That Will Help My Fellowship Application? (10 Important Questions Answered)
- How Flexible Is Scheduling for Senior-Level Actuaries? (9 Simple Questions Answered)
Big data analysis
The process of analyzing large amounts of data to gain insights and make informed decisions.
Big data analytics
The process of analyzing large amounts of data to gain insights and make informed decisions.
- Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
- What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
- Actuary Vs Data Analyst: Similarities and Differences (Clarified)
- Actuary Vs. Project Manager: Which Career Offers Better Job Security?
- How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
- How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
Big data processing
The process of analyzing and making sense of large amounts of data.
Big data processing techniques
Techniques used to process and analyze large amounts of data.
Big data utilization
The process of using large amounts of data to gain insights and make informed decisions.
Black-Scholes model
A mathematical model used to calculate the value of financial options.
- SOA Vs. CAS: Actuarial Certifications (Decoded)
- What Should I Know About Stock Options as a Senior-Level Actuary? (8 Most Common Questions Answered)
Bodily injury liability coverage
Insurance coverage that pays for damages resulting from bodily injury to others.
Break-even point
The point at which a business’s revenue equals its expenses.
Budget constraints
Limitations on the amount of money that can be spent within a budget.
- Actuary: Small Firm Vs. Large Corporation (Unpacked)
- How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
- How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
Business acumen
The ability to understand and make informed decisions about business operations.
- The Top Skills You Need To Succeed As An Actuary
- 5 Surprising Benefits Of Being An Actuary
- Actuary Vs Statistician: Job Differences (Clarified)
- How Flexible Is Scheduling for Senior-Level Actuaries? (9 Simple Questions Answered)
- Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
- Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
- Actuary Vs. Accountant: Which Career Path Should You Choose?
- How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
- How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
- Property Vs. Casualty: Actuarial Fields (Compared)
- How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
- What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
Business continuity plan
A plan created to ensure that a business can continue to operate in the event of a disruption.
- Actuary: Risk Assessment Vs. Risk Management (Clarified)
- Product Development Vs Pricing: Actuarial Roles (Compared)
Business continuity planning
The process of creating a plan to ensure that a business can continue to operate in the event of a disruption.
Business decision-making tools
Tools used to aid in the process of making informed business decisions.
Business intelligence
The process of collecting, analyzing, and presenting data to aid in business decision-making.
- What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
- Actuarial Science Vs Statistics: Degree Choices (Defined)
- Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
- Actuary Vs Data Analyst: Similarities and Differences (Clarified)
Business intelligence tools
- Life Vs Non-Life: Actuarial Practice (Compared)
- Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
- Actuarial Technician Vs Actuary: Roles (Decoded)
- What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
Business Interruption Coverage
Insurance coverage that compensates a business for lost income due to a covered event.
Business performance metrics
Measures of a business’s financial and operational performance.
- Actuary: Consulting Vs Corporate Roles (Compared)
- Actuary Vs Data Analyst: Similarities and Differences (Clarified)
Business planning and decision-making
The process of creating a plan and making decisions to achieve business goals and objectives.
Business size and revenue
The scale and financial performance of a business.
Business Strategy
The plan and actions taken to achieve business goals and objectives.
- Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
- Actuary Vs Data Analyst: Similarities and Differences (Clarified)
Business strategy development
The process of creating a plan to achieve business goals and objectives.
- Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
- Actuary: Consulting Vs Corporate Roles (Compared)
Business strategy expertise
Mastery of the principles and practices of developing and implementing a business strategy.
Business strategy knowledge
Understanding of the principles and practices of developing and implementing a business strategy.