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Applied Use of Technology on the Move

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You may or may not have heard of Apptuary, i41CX, TWGlobal50, or Concur, but according to a group of actuaries, they could be of great benefit to you and your work.

They are just some of the products highlighted on Apps for Actuaries, a website developed by the Society of Actuaries (SOA) that describes itself as a guide to useful mobile applications "for actuaries, by actuaries".

Covering Blackberry, Android, and Apple devices, it brings together more than 100 apps (some free, others paid-for) alongside links enabling visitors to download them from iTunes and elsewhere. The apps can be divided by category, audience, and primary practice area; the academic area, for example, includes information on such software as:
  • Akt—practice for actuarial exams or simply improve your knowledge;
  • Biostats Calculator—a comprehensive collection of biostatistical calculations; and
  • MathStudio—described as the most comprehensive math app for the iPhone/iPad.
Elsewhere, those working in life insurance might benefit from Life Annuity Calculator—said to be the only app which can calculate the value of a life contingent annuity—and those wanting to work in property/casualty insurance might find FlashCards Galore invaluable: it features explanations of more than 500 P&C terms.

While two apps have been developed specifically to promote the SOA and its activities, and some are highlighted as being of particular interest to the society’s members, the vast majority are intended for a broad audience of financial professionals.

Besides 16 actuary-specific apps, the clearly-designed and easily readable site also has categories such as "business", with apps like
Dragon Dictation voice recognition and the business card reader CamCard, and "financial", which includes mobile stock trader E*Trade and the money manager Mint used by 10 million people.

Apps for Actuaries also includes social networking features which enable visitors to rank or recommend apps already on the site, or suggest o
thers they use that might be of use to actuaries.

As of this year, there are more than 650,000 apps on iTunes alone. Given the enormous variety available for your smartphone, tablet, or computer, the hard work of the SOA in developing this site might help you pinpoint at least 100 that are worth investigating.

Pros: the variety on offer; the efficient design.

Con: the content of the practice area section is limited.



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