Description: Discusses use of credibility theory with respect to LTCi. Considers the various credibility methods and points to resources for more in-depth investigation.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 In this session the panelists discussed the issues related to the actuarial aspects associated with the demutualization process. The issues discussed included: • Developing historical and prospective assumptions • Aligning the models used in the company’s philosophy regarding dividend determination and pricing • Creating experience assumptions when less-than-perfect data exist • Determining who gets what • Complying with actuarial and accounting standards

Description: Information on the JRMS e-Library.

Description: This newsletter column by the Modeling Section Chair reflects on his attendance at the 2015 Actuarial Research Conference in Toronto and the relationships between practicing actuaries in industry and those in academia, and specifically those involved in research. How can we help promote academics research that is effective and relevant for practical use? Hopefully the Modeling Section might facilitate that effort.

Description: Even the best algorithms are only effective if they are trained on appropriate data. This article discusses common pitfalls in creating a training data set.

Description: Read the March 2018 issue of Small Talk published by Smaller Insurance Company Section. Practical information on trends that impact sections and activities.

Description: Provides an example of using numerical methods to estimate the credit risk spread curve from sparse historical data. Applies Baysian and Normal models. Uses Gibbs sampling and Rejection sampling methods for multivariate estimates. Critically evaluates these techniques.

Description: The ORSA (Own Risk and Solvency Assessment) for ERM frameworks and processes is continuing to be implemented by organizations.

Description: This discussion briefly examines if the generation interest rate approach is applicable to: individual life insurance, individual annuities, and supplementary contracts. Further, what would the effect on dividend illustrations be?