Articles - Survey of the Global Social Web and Actuaries interests


 By Hernan E Velasquez, VDLB Group Quants & Actuaries

 In the moving sands of the global social web, there are slightly more than 50 major recognizable networks. Some are growing at a feverish pace of +50% in less than a year, others in stagnation.
 Top notches in population are Facebook, OZone, Habbo, Twitter, Renren, MySpace, Orkut, Bebo, VKontakte, Tagged and Badoo, summing up to 2,352 Million users, 45% of whom concentrate on Facebook and OZone. With the exception of Chinese OZone (whose information is not available), most display a skewed distribution to women in their second twenties, waged 30-70 KU$ and educated some college or less.

 

 Extracting large dynamic databases from the social web is today a technically feasible job, as well as stats construction and deployment thereof. Commercial sophisticated tools such as MATLAB’s database and statistic toolboxes, compiler, builder-NE, turn out to be pretty much handy.

 

 
 The ultimate charm of such database handling for the Actuarial Practice, is the assessment of social trends, so the forecast of risk for either the credit and/or insurance industry, can be enhanced with real time market information.
 Cite as an example, the default risk or prepayment risk in the financial retail’s plastic credit in a specific geographical area. Interests in such web mathematical developements are indeed many.

Back to Index


Similar News to this Story

Mean Reversion in Equities
A common argument in favour of equity investments is that, even though they go down, they will bounce right back up again. Commentators may advise “
How to get the most out of your insurance consultant
More than half of UK life insurance companies (59%) will spend more on actuarial consultants in the next year. This is one of the key findings of our
Video of what a cyber attack looks like in the real world
Hackers and their scams live behind keyboards. Invisible and faceless. Hiscox show how it would look ff cyber crime happened in the physical world, th

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.