The CBC Lang O'Leary Report featured CareerCast's 2013 200 best to worst ranked jobs.
And Actuary came out on top, again!
Western's program has been designated as a Centre of Actuarial Excellence by the Americal Society of Actuaries, and its courses have accreditation with the Canadian Institute of Acutaries. We offer small classes, an active student association, and plenty of on-campus industry hosted recuitment events.
" ...As a 30+ year veteran of the profession... I have had a fabulous career and it is more than just financially satisfying. Management of risk is important for society. And the days of the "back room" actuary are gone. I work with CEOs, I travel regularly and interact with really smart and interesting people..."
Cramer (1955) first introduced the dual risk model to describe a life-annuity insurance from the perspective of the collective-risk theory. In recent years, the dual risk model is used to capture the behaviour of the surplus of certain type of companies. Many articles consider ruin-related quantities under the compound Poisson dual risk model. Our research aims to extend the existing results under the latter model to the renewal dual risk model.
Like many other sources in ruin theory, this thesis proposal will focus on two crucial risk measures: the expected discounted dividend paid before the occurrence of ruin and the probability of the ultimate ruin. The approach utilized is to derive an integro-differential equation involving the ruin quantities and then obtain a solution under certain boundary conditions.