Hi bystander. Thanks for the tips. The context here I was referring to there was not to an actuarial audience btw. So they say they want high level yet won't accept it if you describe something as "...an actuarial calculation which gives us these results..." etc. They say we shouldn't be educating non-actuaries on actuary things on one hand yet expect us to talk through the internal actuarial calc to them... more and more confusion.
I have direct experience of communicating to admin managers and staff of what question X3.1 asks for i.e. to explain where their works fit in, why it needs to be accurate, where it gets used. Obviously my communication worked since they did a great job, took care of the accuracy and had more job satisfaction knowing where their work fit in.
I got this marked and only 34%, clear fail. I can safely say that the acted solution X3.1 here again would not work for them. Remember acted also like to say oh you can't assume the person they describe as any experience, or that you should consider them the least experienced and pitch it for them... well with all due respect to admin managers there's no way such a person would get the acted solution that talks about exposed to risk & the nitty gritty of what actuaries do with the numbers, as they wouldn't consider that of interest to them or their responsibility. They would however get the explanation that data errors can lead to bad information processed by actuaries, which leads to bad decisions e.g. incorrect premiums.
Last edited by a moderator: Oct 19, 2016