Description: Research is a primary mission of the Financial Reporting Section and is the largest use of section dues. This scorecard will keep section members informed about research projects sponsored or co-sponsored by the section.

Description: This paper develops a new technique, which allows the analyst to maximally use all thte historical interest rate information available in forecasting interest rates. Interest rates' daily change do not follow a stationary random process over long time periods. Instead, the process is comprised of stationary periods, each a few years long, with relatively short transitional periods between different stationary periods.

Description: Wavelet models are used to analyze risk by time and frequency and provide richer information than time series models.

Description: This is the abstract of the paper A Space Marching Finite Difference Algorithm for Valuing American. In this paper, the author considers the problem of valuating American options written on assets that pay continuous dividends with unknown optimal exercise boundary. The numerical solution of the associated free boundary value problem is investigated. This research has been partialy supported by the actuarial faculty fund at the Ohio State University.

Description: This article advocates for a lower variable part in salary and increase focus on other mechanisms (goal setting, simpler product, management, culture and processes). The psychological aspect of belonging to the incentive compensation pool is more important that the financial aspect.

Description: State regulators' review of predominant LTC Risks after review of year-end AG51 reports.

Description: Wavelet models are used to analyze risk by time and frequency and provide richer information than time series models.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: Review of stochastic, modeled geo-spatial risk metrics for insurance loss concentration and clustering and their counter point use for diversification

Description: Demonstrating that incentive maximization could lead to failure using game theory. This is illustrated by the optimum strategy for the Prisoner Dilemma single period, multi period and infinite period that could be mutually destructive or beneficial.