Description: This article gives a brief overview of ways to extend clustering analysis beyond basic methods such a k-means

Description: Discusses the three complexity science sessions at the Annual Meeting that were sponsored by the Section.

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: The first annual SOA Predictive Analytics Symposium was held in Chicago and exceeded all expectations in attendance, presentation quality, and relevant content.

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

Description: Life and annuity markets around the world have seen increasingly complex investment-combined products, including universal life, fixed indexed annuities, variable annuities with a wide variety of guaranteed benefits and indexed variable annuities. Insurance companies are facing unprecedented exposure to financial risks in addition to traditional mortality and longevity risks. The risk assessment and modeling for such complex designs by conventional methods often focus heavily on their market competitiveness and profitability. However, there seems to be a lack of quantifiable and systematic approaches to assess investment risks associated with investment combined products. The objective of the proposed work is to develop a framework for quantifying and analyzing various forms of contractual designs and showcase different techniques to assess the trade-off between competitive contractual designs and their practical implications regarding the difficulty of risk management.