Description: Principle-Based Reserving (PBR) is now upon us! Are you ready? Learn how Swiss Re's PBR Experience Sharing Solution can help you navigate this change.

Description: This is the second of a two-part article introducing and elaborating an “Adaptor” strategy for ERM. Such a strategy is intended to fulfil two purposes: first, switching among four styles of risk-coping strategies in order to track qualitative changes in a business’s risk environment; and, second, to support the business in navigating with resilience through all the seasons of a business-economic cycle, i.e., of boom, bust, moderate, uncertain. This latter requires careful study of the nature of resilience, the familiar idea of bounce back, and the less familiar idea of bounce forward. Part I of our article is underpinned therefore by a supplementary document (available from https://riskviews.wordpress.com/adaptor-exceptionalism/), which addresses the issue of structural change in a business or economy. It draws heavily on ideas taken from the discipline of control engineering, as well as some from ecology, social anthropology, and economics. The entire two-part article is thus an exercise in cross-disciplinary Systems Thinking.

Description: A disscussion of actuar R, an R package for actuarial science, and its facilities in the fields of loss distribution modeling, risk theory and credibility theory.

Description: Discusses the RAND function in Excel and alternatives for generating random numbers.

Description: Review of a report by Alan Mills introducing Complexity Science, a discipline which could help actuaries to model and manage complex systems, such as the health care system.

Description: This abstract describes a paper that considers the identification problem for age-period-cohort models for a class of non-trapezoidal index sets.

Description: In this article, we talk to Lei Rao-Knight, FSA, Vice President and Actuary at Prudential Financial. Lei discusses her model development experience in the Modeling Center of Excellence.

Description: Feature article discussing why approximations are still necessary.

Description: The author discusses the two-part presentation on complexity science tools at the SOA Annual Meeting October 2010. He explains that presentations went back to basics with explanations about the difference between modeling tools used to employ deterministic methods for classical actuarial models.

Description: Article Permutations And Computations by Moordhead in The Actuary, February 1979, Volume 13, Number 2