Description: The Society of Actuaries announces the release of a new report that will provide a resource for the insurance industry to learn about image recognition technology. Authored by Kailan Shang, the report explores the current status of image recognition technology, models for image recognition, and various possible applications of image recognition to insurance.

Description: This paper proposes a new type of financial derivative named contingent liquidity swap (CLS) to address the liquidity issue. CLS is a swap agreement that the buyer of the swap pays cash in exchange for less-liquid assets in the event of a liquidity event. Those less-liquid assets may include stocks or high-yield bonds. The seller of the CLS makes a series of payments for the contingent liquidity. The payment should be lower than the equity risk premium to reduce the cost of funding but high enough to attract investors.

Description: The Society of Actuaries’ Committee on Finance Research is pleased to make available a research report that develops a framework for applying deep learning and reinforcement learning techniques to optimal dynamic strategic asset allocation for Liability Driven Investment (LDI).

Description: Description * This paper proposes a new type of financial derivative named contingent liquidity swap (CLS) to address the liquidity issue. CLS is a swap agreement that the buyer of the swap pays cash in exchange for less-liquid assets in the event of a liquidity event. Those less-liquid assets may include stocks or high-yield bonds. The seller of the CLS makes a series of payments for the contingent liquidity. The payment should be lower than the equity risk premium to reduce the cost of funding but high enough to attract investors.

Description: Investment Fallacies: Gambler’s Fallacy: Probability of Reversion

Description: This article discusses challenges in achieving ERM stakeholder buy- in and ways to improve stakeholder engagement.

Description: This paper introduces actuaries and others to dynamic stochastic general equilibrium (DSGE) models, a type of macroeconomic model. Authored by Kailan Shang, the paper illustrates how DSGE models can be used in economic scenario generation to reflect the cause and effect relationships that occur in the economic system.

Description: This is the R programs used to develop the examples for the research report “Extreme Events for Insurers: Correlation, Models, and Mitigation by Kailan Shang and Marc Vincelli

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

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