TANC event: When Economics Meets Psychology - Can The Actuary Cope?

Thursday 9th October 2014, 18:00 - 21:00
LG002/3, Cass Business School, 106 Bunhill Row, London EC1Y 8TZ

Advance booking for this event has now closed

Description

It has become increasingly obvious that the facts and figures we learnt in the economics classroom are often not played out in the real world. Simple experiments on human behaviour give us some real insights into how the human brain works.

We assume that actuaries are well versed in their practice areas and act as rational beings. But what if the opposite was true and they actually acted irrationally?

Can we do experiments in the real world to predict behaviour and use these psychological factors in actuarial modelling and communication?

Come along to this interactive TANC event for a primer on behavioural economics as we continue our journey into the awareness of psychological traits and how to use them to our advantage.

Agenda

18.00 - 18:30 Registration 
18.30 - 20:00 Presentaion and Q&A
20.00 - 21:00 Networking over drinks and nibbles

About The Speaker

Amit Parmar has worked in Guy Carpenter Analytics for the past 4 years and is currently responsible for analytical output in the MENA region.

Prior to this, he was part of the XL Re team for 9 years. He reported to the Chief Actuary, and was in charge of the global reinsurance pricing tools and modelling, working closely with global actuaries and developers. He spent two and a half years as lead actuary of the XL Re Latin American business unit based in Buenos Aires analysing inwards treaties and was responsible for actuarial processes and models.

He is a Fellow of the Institute of Actuaries and holds a BSc (Hons) in Economics and Finance.