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Marie is an actuary working at insurance provider Codan Forsikring. Today, she'll be calculating -
- whether Codan has allocated enough money to pay the customers affected by the 2011 cloudburst.
I'm running a program developed by me and a colleague. The program automatically estimates -
- the total costs. I'm very excited to see whether the compensation paid in recent months -
- is in line with the estimate we provided last month.
YOUR CAREER OPPORTUNITIES AS AN ACTUARY
Right now I'm looking at a graph, and I can see that the payments made are slightly above -
- our estimate. But I believe there's a good explanation, so I'll discuss it with a colleague -
- who can give me an update on how many customers have received compensation.
My name is Marie, I'm 26, and I have an MSc in Actuarial Mathematics, so I'm an actuary.
I work here in Codanhus in Copenhagen. I work in the part of the actuarial department -
- responsible for reserves. It's my job to ensure that enough funds are set aside -
- to meet future claims from customers.
As you can see from the graph, this is the compensation paid for cloudburst losses for -
- the past month. So it's slightly above our estimate, but I have a feeling that you, Lars -
- may know why the compensation paid during the past month is higher than expected.
In connection with the cloudburst, I've been involved in developing a tool that we have -
- made in the wake of the increasing number of extreme weather events that we have to -
- handle more automatically and efficiently.
I don't see any reason to change anything.
Great. So we'll go with this.
I think the meeting went really well. Thanks to the information from Lars, I can say that -
- our estimate is reasonable. So we'll stick to our estimate and our tool.
It works as intended.
I find it really exciting to work as an actuary. And I can see how everything I've learned -
- during my studies -- formulas and mathematics -- can be applied in real life -
- in the insurance industry.
Now I'm able to send an email to all those interested in the total costs resulting from -
- the cloudburst. They'll be happy to hear that we stick to our estimate. It feels good that -
- our first calculation was correct, and that we've allocated sufficient money to pay compensation -
- for the cloudburst losses. It's a great feeling.
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