Description: This abstract describes a paper that models a firm value by a jump-diffusion process and derives an explicit formula for the default probability.

Description: This abstract describes a paper that discusses the definition of forward rates in general and gives a generally valid definition of forward rates, and continues the work of Norberg (Insurance: Mathematics and Economics, 2010, 47(2), 105-112), who made the first attempt to define general forward transition rates.

Description: This abstract describes a presentation that gives an appreciation of the Fellowship Admission Course.

Description: This abstract describes a paper that proposes a Bayesian hierarchical model to analyze intercompany claim triangles.

Description: This abstract describes a paper that measures the magnitude of the systematic bias, found when using the Lee-Carter model for mortality prediction, using the bootstrap method and also provides suggestions on how to correct the bias.

Description: This abstract describes a paper that looks at the effects of correlation between motor own damage insurance and compulsory motor insurance for Turkey on the insurer’s risk and return profile, the default risk and the ruin probability.

Description: This abstract describes a paper that details the fundamental assumptions of the risk adjustment tool proposed for use in the Patient Protection and Affordable Care Act in January 2014 and the potential biases that could accompany its introduction.

Description: This abstract describes a paper that examines the risk and return of fixed index annuity (FIA) with an enhanced model framework.

Description: This abstract describes a presentation that introduces a new class of bivariate distributions whose marginals can be beta-generated.

Description: This abstract describes a paper that develops a saddlepoint approximation for the aggregate claims distribution and compares with some existing approximations.