Description: This is a study on the Nesbitt formula and the variants to this formula.

Description: Managing corporate defense is therefore an extremely responsible station, as it involves the responsibility for adequately defending the interests of all of the stakeholders of an organization, both in terms of monetary and human implications.

Description: This paper is the introduction to the Society of Actuaries 50th Anniversary Monograph, which contains significant papers published by SOA-sponsored research publications during the past fifty years. This introduction describes the selection process and provides a brief summary of each of the seven papers making up the monograph.

Description: During the last decade, a vast activity had been observed in generalizing of the classical discrete distributions. The main idea was to apply the extended versions fur modeling different kinds of dependent count or frequency data structure in various fields. In the present paper we suggest extensions of the classical univariate geometric, negative binomial, Poisson, Bernoulli, binomial and logarithmic series distributions, by including an additional parameter. It has a natural interpretation in terms of zero-inflation, and because of this we named the corresponding generalized versions adding inflated-parameter.

Description: Non-consequentiality is quite consequential for the claims made for the applicability of Risk Theory RT to decision problems that are not transparently tactical or wholly instrumental. On the negative side, RT is not normative or even a complete heuristic in such contexts. The author takes strong exception to the common tendencies, A to link risk theory with welfarism and versions of utilitarianism, and B to claim that with or without but especially with such linkage RT is normative in both moral and rational analysis, choice and action.

Description: The purpose of this paper is to discuss computer application, the management of an insurance enterprise in an automobile insurance marketplace wherein a number of insurers compete for marketshare and profit. The paper begins with a description of the computer program next, a cursory description of the model is given then, the assumptions of the model are discussed next, potential future modifications are discussed and, finally, a prognosis is given.

Description: Introduction describes the positive response to the 2006 EMR symposium, the call for 2007 papers, and the awards to be presented at the 2007 symposium. From 2007 Enterprise Risk Management Symposium, M-AS07-1.

Description: Stuart Klugman provides a preliminary education update as it pertains to Exams P/1, FM/2, and MLC.

Description: American actuaries are increasingly involved in risk management. This paper presents an Overview of the role of the American actuary in risk management today, a book review of a remarkable new work by a philosopher of science, and a challenge to the reader.

Description: It has been twenty years since DeWit 1982 first applied fuzzy logic FL to insurance. That article sought to quantify the fuzziness in underwriting. Since then, the universe of discourse has expanded considerably and now the FL methodologies include used fuzzy set theory, fuzzy numbers and fuzzy arithmetic, fuzzy inference systems, fuzzy clustering algorithms, fuzzy linear programming, fuzzy regression, and hybrids involving other soft computing technologies. This article presents an overview of these studies.