I was idly flipping through an insurance Benefit Illustration (BI) one day while waiting for a client at a fast food restaurant when I noticed the table beside mine was a student studying for what looked like his O level mathematics. A quick glance at his notes posed a striking resemblance to the BI in my hands. On closer examination, he was on the topic of statistics, which explains the table of numbers splashed across his notes.
Then I realized that this insurance BI is actually just a bunch of numbers, probably designed by statisticians (which are the actuarial people). These people are a unique group that, technically, does not speak the English language. Hence, if they are challenged to ...
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