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11

Actuaries and light bulbs

Open-access content Thursday 30th October 2014 — updated 4.50pm, Tuesday 14th April 2020
2

How many large group healthcare actuaries does it take to change a light bulb?

The same number as last year, times a trend factor.

How many small group healthcare actuaries does it take to change a light bulb?

Ten: one to screw the light bulb and nine to interpret the health reform regulations on light bulbs. 

How many management actuaries does it take to change a light bulb?

20: one to screw the light bulb and 19 to have a staff meeting on it. 

How many casualty actuaries does it take to change a light bulb?

None, the light bulbs are all broken.

How many pensions actuaries does it take to change a light bulb? 

None, they can make an assumption that the light bulb changes itself.

Tony Batory

15 October

This article appeared in our November 2014 issue of The Actuary.
Click here to view this issue
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