Nowadays, people always consider how to make more money in the risk, but they never think about their heath might has more risk than they think about.
Therefore, many kind of insurance companies make many kinds of insurances to attract people to choose their product. These kinds of product made many actuaries. These actuaries need to consider about more risk into this plan. They need to make sure that people can get more profits when they live during their life expand.
For example, in China, many insurance companies pay more time and money into people's health. They will provide people high reback during a time, but before they get this profits, people need to pay lots of money. It is an awesome way to make money. It use people's heart. It is because that after people make money, they will consider more about their health. If some accident happened to them, their family can also get a high profits. So these instance company will require them pay the money every year. This payment is just occupy a little position in people's wage. Therefore, more and more people choose to pay a part of wage to make sure their health in the future. It looks might a good deal. But the truth is that the insurance company get a high net profits from their customer. But I think non of them want to make this risk to avoid pay the money to insurance.
Thursday, April 3, 2014
Summary
In this semester, I wrote lots of
blogs about my field actual science. I think this is a good way to help me to
know about more information about my major. According to these blogs, I also
want more people can know about this field. Actuarial science is a delicate
science can relate the world directly. It mainly focuses on making some actuary
plan by predicting the tendency of the economy. The economy world cannot live
without the actuarial science. For example, it will help people to predict some
unknown risk of health. People want to pay more attentions on their body, so
they buy many kinds of insurance. Actuaries
need to help people to predict many kinds of risk situation, and then help them
to choose different insurances. This might relate to the economy, many social
and natural situations. Actuaries need to analysis this situation. I think
actuarial science also take on many social responsibility. This field helps
people to allocate the money to avoid some risk. But to be honest, it cannot
use much rhetoric, because it is an actuary science. It needs some formal and
actuary words to describe. But in many articles I researched I can also find
some funny rhetoric. Many professors said that actuarial science is a cute
science can help people expand their minds. It is true that if you learn more
actuarial science, we can use many logical minds to consider about everything.
By the way, the experience gives
me more time to cost in actuarial science. It need me to research many
information. Therefore, I learned more than the math class. Before I write
these blogs, I just think actuarial science course like math. But after
researching these kinds of information, I learned that this science also takes
on the social responsibility, it can lead people to establish a wonderful
world. It can also help the economy world balance. It also helps people avoid
some risk. Researching is an important way I need to use it into my field.
Analysis data need us to research lots of information. We need to find the
formula or some useful information help us to predict the tendency in the
future. Writing skill also be used in my field. We need to write paper to
report our statement and conclusion. For example, we always use some formal
worlds in our paper. But after writing blogs, I find many useful and funny
worlds I can use to instead of those old words. Before, I like use the word ”on
the other word”, and I feel that looks nice. But now, I prefer to use “not
only, but also.” These little change is significant to me, because before I
taught English in China, so it might more difficult to choose word for me. How
to write a clearly and logical paper I need to learned. Thinking is a power of
people. Thinking gives inspiration to people, and this is like predicting.
Predicting also need us to use logical and truth to think more and to get some
conclusion about the future. Therefore, this experience can help me to consider
more aspect of my major. I think write these blogs to know more news and
background about the actuarial science can also help me to prepare the major in
the future.
Thursday, March 20, 2014
Exchange rate
My major always can be connected to many important international events. In recent moths, the exchange rate catch all over the world eyes. The most important thing in recent moths is the exchange rate between American and China.
International market will determined the exchange rate. In the world, people use the golden as a standard. It is because that golden is not belong to any countries' currency. Every country do not want to lose money in the international market, therefore, actuaries use their knowledge to help country make others' money. For example, the government of China recent loan to the United State. But according to the international market, the exchange rate between China and America is always changing. If America want to give the money back into China, they need to find a time when the rate become low. If the exchange rate between China and America lower than before, it means that China lose money and America get more money from China. But if the exchange rate become higher than than before, it means that China get more money from America, and America lose money. Last moth the exchange rate between China and America higher than 6.2. It means that one dollar can get 6.2 RMB. But in this month it become 6.19. It means that America will lose 0.01 dollar in every RMB unit. Therefore, the actuarial science become more important than before. Actuaries need to analysis a actual time or period, and during this time help country to make deal to get more profit. This is just like a war, a currency war, and it cannot be end forever.
work cite:
即期汇率一度跌破6.2 人民币再创11个月新低. Sina international finance. 羊城晚报.20th March 2014. 20th March 2014.
International market will determined the exchange rate. In the world, people use the golden as a standard. It is because that golden is not belong to any countries' currency. Every country do not want to lose money in the international market, therefore, actuaries use their knowledge to help country make others' money. For example, the government of China recent loan to the United State. But according to the international market, the exchange rate between China and America is always changing. If America want to give the money back into China, they need to find a time when the rate become low. If the exchange rate between China and America lower than before, it means that China lose money and America get more money from China. But if the exchange rate become higher than than before, it means that China get more money from America, and America lose money. Last moth the exchange rate between China and America higher than 6.2. It means that one dollar can get 6.2 RMB. But in this month it become 6.19. It means that America will lose 0.01 dollar in every RMB unit. Therefore, the actuarial science become more important than before. Actuaries need to analysis a actual time or period, and during this time help country to make deal to get more profit. This is just like a war, a currency war, and it cannot be end forever.
work cite:
即期汇率一度跌破6.2 人民币再创11个月新低. Sina international finance. 羊城晚报.20th March 2014. 20th March 2014.
Practicing my Knowledge
My major is Actuarial science. Many times I think in my major if I can learn the manta and accounting courses well. I will work well. But I was wrong.
My friend also study Actuarial science, and now he is working for the actuary test. In this test, there are many questions which will be really connect to the life and work. I ask him to let me do some problems. At first, when I saw the question, I think it will be similar to the book. But when I after reading the question, I find that it is difficult to find any useful information. But in school book, it will be cite that which these data belong to which parts. I find that in real actuarial science, we need to learn how to find the useful message. In book, it just told us which data we need to use. When I find these data in question, I will figure out this question. Many things doing difficult than said.
Therefore, we need to practice how to improve our possibility of read events, it will be help us a lots in the future. It is also difference from any we learned in school.
My friend also study Actuarial science, and now he is working for the actuary test. In this test, there are many questions which will be really connect to the life and work. I ask him to let me do some problems. At first, when I saw the question, I think it will be similar to the book. But when I after reading the question, I find that it is difficult to find any useful information. But in school book, it will be cite that which these data belong to which parts. I find that in real actuarial science, we need to learn how to find the useful message. In book, it just told us which data we need to use. When I find these data in question, I will figure out this question. Many things doing difficult than said.
Therefore, we need to practice how to improve our possibility of read events, it will be help us a lots in the future. It is also difference from any we learned in school.
Contemplating Controversy
Actuarial science belong to mathematics, and in mathematics there are still has many contemplating controversy.
About 300 years ago, people doubt that whether one plus one is equal to two.
Many people think that it is a easy question. It is because that everyone know that the answer is two. It is just like a theorem. Everyone use this equation to calculate other questions, and there are no mistakes. Therefore, these people think they do not need to prove it, because it is a theorem.
But many scientists said that if people cannot prove one plus one is equal to two, it is a false statement. If it is a true statement, we can prove it.
In recent years, jingrui chen, Chinese math scientist use his way to prove it. This way is the best way to prove one to one is two far from now, many people still disagree with it though.
This is the very famous contemplating controversy in math field.
work cite:
Sieve Methods, Academic Press,prod. H. Halberstam and H.E. Richert, 1974. 9th march 2014
"陈式定理." prod.Wikipidea. 9th march 2014.
About 300 years ago, people doubt that whether one plus one is equal to two.
Many people think that it is a easy question. It is because that everyone know that the answer is two. It is just like a theorem. Everyone use this equation to calculate other questions, and there are no mistakes. Therefore, these people think they do not need to prove it, because it is a theorem.
But many scientists said that if people cannot prove one plus one is equal to two, it is a false statement. If it is a true statement, we can prove it.
In recent years, jingrui chen, Chinese math scientist use his way to prove it. This way is the best way to prove one to one is two far from now, many people still disagree with it though.
This is the very famous contemplating controversy in math field.
work cite:
Sieve Methods, Academic Press,prod. H. Halberstam and H.E. Richert, 1974. 9th march 2014
"陈式定理." prod.Wikipidea. 9th march 2014.
Wednesday, February 19, 2014
Free post #6
This journal talks about the inflation decrease in 2014 in Brazil. It is difficult for to control the inflation for a country. It is because that control the inflation need to think about many different aspects. It can also become symbol of economic resurgence for Brazil. But the government also unhappy because it still higher than they expect.
I think it is a great progress to make the inflation decline. To define a fire index for people is a hard work, but the government of Brazil works well. They need to keep the people' purchasing power stay at a same level than before. Then they also need to find a solution to decline the inflation rate.
Work cite:
Paulo Trevisani.Brazil Central Banker Sees Inflation Falling in 2014. Wall street journal emergency market. Feb 18 2014. Feb 19 2014.
http://blogs.wsj.com/economics/2014/02/18/brazil-central-banker-sees-inflation-falling-in-2014/?mod=WSJBlog&mod=marketbeat
I think it is a great progress to make the inflation decline. To define a fire index for people is a hard work, but the government of Brazil works well. They need to keep the people' purchasing power stay at a same level than before. Then they also need to find a solution to decline the inflation rate.
Work cite:
Paulo Trevisani.Brazil Central Banker Sees Inflation Falling in 2014. Wall street journal emergency market. Feb 18 2014. Feb 19 2014.
http://blogs.wsj.com/economics/2014/02/18/brazil-central-banker-sees-inflation-falling-in-2014/?mod=WSJBlog&mod=marketbeat
Tuesday, February 18, 2014
Free post #5
Student-debit increase might course some problems. In this journal, it points that the student-debit mainly focus on some students who has a bad credits. It might bring many debits pressure to bank and government. It is because that they might not repay a debit, and bank and government have not to help them. Therefore, the pressure of bank and government increase a lot. It is hard to avoid this problem.
In my opinion, the federal bank and government need to establish a specific rules for students-debit. They need to use laws to protect the student-debit and the debit. If too much finical pressure from student-debit, it will influence the whole economy structure of U.S.
WORK CITE:
Josh Mitchell.Student-Debt Rise Concentrated Among Those With Poor Credit. Wall Street Journal. Global. Feb 18.2014. Feb 18 2014.
http://blogs.wsj.com/economics/2014/02/18/student-debt-rise-concentrated-among-those-with-poor-credit/
In my opinion, the federal bank and government need to establish a specific rules for students-debit. They need to use laws to protect the student-debit and the debit. If too much finical pressure from student-debit, it will influence the whole economy structure of U.S.
WORK CITE:
Josh Mitchell.Student-Debt Rise Concentrated Among Those With Poor Credit. Wall Street Journal. Global. Feb 18.2014. Feb 18 2014.
http://blogs.wsj.com/economics/2014/02/18/student-debt-rise-concentrated-among-those-with-poor-credit/
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