1.

Willis Tower Watson is one of the leading global risk management and advisory
company. It primary market includes insurance and risk consulting practices. Tower
Watson merged with Willis group to form Willis Tower Watson in January this year to
expand their market share and to become the dominating force in risk management
and advisory business.
Businesses involve buying and selling of assets over the course of business life
cycle. It includes entering into contracts and deals with the stakeholders. Regardless
of the optimization of planning, businesses always include an element of risk, either
in the field of legal or economics; they need advisory services of how to tackle the
situations. Thats where WTW steps in with its specialists in actuarial, economics,
statistics, accounts and tax. They take efficient steps in managing cash by taking
every considerable variable and discount it to the present value. It also focuses on
human resource and investment practices. Thus, clients all over the globe want to
know the likeliness of the unfortunate events and in the lights of that how to
maintain or increase profitability and efficiency of the organization. WTW forecast
how scenario will be by using advance probability and mathematical statistics and
economics.
Support in Special Projects( actuarial and non actuarial), fulfilling disclosure and
accounting requirements and preparing valuation report of the client after collating
all the liability and cash flow results and statistics, maintain good relations are some
of its daily tasks. We can say that WTW has greater influence in actuarial and risk
management market.
2.
Risk consulting primary concern with foreseeing considerable threats in the future
and take efficient measures in avoiding or making back up to tackle with the
unfortunate circumstances. I as an actuarial and economics student have the
academic knowledge in advance probability calculations involving data analyzing
and mathematical statistics. To show with example: suppose for ABC ltd.
Identification of risk has already been done with taking effect of scheduling,
resourcing and budgeting. Next step will be making of probability table. Marking
probability to each or combined variables need data analyzing which can be of any
form like Gamma distribution, Beta distribution, Geometric distribution etc. with its
variability and mean. Investing calculations uses annuity methods either deferrer,
increasing or decreasing whichever makes the payment stream immune to small
interest changes using Taylor series as a technique. These are some of the methods
cover in my academic knowledge.
My internship with HDFC life involves marketing of ULIP policies and NAV
calculations of Sampoorn Nivesh and Pro Growth Flexin Policies with working with
annuity payment streams. My task was to explain the payment and return streams

to the consumers and back at office involve in NAV calculations of the given
policies. Internship being in insurance company and associated with actuarial helps
me to learn a lot about the insurance industry. I also did a blogging internship
(finance and economics articles).
I believe without risk management we will have a lot of failed projects and hence
the importance of risk consulting should be priority for every company.
3.
I believe my biggest achievement is to win the mock stock competitions. In Jan.-Feb,
my dad was having some financial troubles with business. The situation was not
good. My rent was barely managed with almost any pocket money. Thats when I
decided to earn some extra money but working part time was not suitable with
college and actuarial tuitions. So, I decided to learn about financial markets because
DU has a lot of mock stock competions with good prize money. With constant
determination and learning I managed to win and to support my expenses. That first
certificate was one my biggest achievement.
4.
I have done two internships in my college time. One with HDFC Standard Life
Insurance Company Ltd., Saharanpur was of 45 days from 1 st June, 2016 to 15th July,
2016. My assigned work was marketing of HDFC ULIP policies and NAV calculations
of Sampoorn Nivesh and Pro Growth Flexin. It requires going to customer, explain
them about payment streams and convince them for buying the policies. Back at
office, I have task of doing NAV and annuity calculations. This helps me to get a
good exposure of insurance industry and corporate world. It helped me develop my
communication skills and helps in boosting my confidence. Under Bluegape Lifestyle
Pvt. Ltd., I did my online blogging internship. I have written 2 articles per week on
finance, economics, cosmos, evolution and TV series.
5.
I am competent with excel/word I know basic functions, formulas and the way to put
them together(nesting). I can create formulas and distributive options efficiently.
Tables, charts and linking of cells anylytical thinking.