NAAJ Practical Application Essays page
The North American Actuarial Journal (NAAJ) is a rich source of deep academic research relevant to the actuarial profession. Most busy practicing actuaries have limited capacity to transform the NAAJ research into a practical application that they can use in their current work. Each calendar quarter the SOA calls for essays that highlight practical applications of academic research published in the NAAJ. The essays posted met the publication criteria of the judging committee and highlight, in just a few pages, practical applications of research papers that have been published online in the NAAJ.
Pricing Disability Insurance Alongside Hedging Longevity Risk
This essay outlines a practical application of “Hedging Longevity Risk: Does the Structure of the Financial Instrument Matter?” by Richard D. MacMinn and Nan Zhu. The essay is solely an expression of the views, opinions, and ideas of the essay author for applying the original research to actuarial work in industry.