Description: Health Watch, Issue 79, December 2015, Health Watch

Description: Insurance regulations are undergoing a paradigm shift in determining capital and reserves. With Solvency II in Europe and principle-based reserving in the United States, the old formula-based static approach is being replaced or supplemented by a principle-based dynamic method. This change requires enhanced modeling, stochastic simulation and sensitivity analysis, which pose challenges to insurers whose infrastructure has not been built for big computation. This paper introduces a method of building complicated models with small reusable modules and running them on a many-task computing platform to achieve high performance with simplicity. The paper presents an example of a term life insurance model built to take advantage of computer hardware for parallel computing at the task level.

Description: This is a discussion about computer models and simulation tools for life insurance companies. From Transactions of Society of Actuaries 1969, Vol. 21, No. 59AB

Description: This article describes in detail how Microsoft Excel spreadsheets can be used to develop and test relational database projects.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Discussion of financial modeling considerations including: • Model platforms • Model structure • Static and dynamic model validation techniques • Data integrity

Description: End-User Computing (EUC) applications (such as Microsoft Excel, Microsoft Access, and others) provide a great benefit by allowing users to directly manage, control, and manipulate data. Unlike SAP, Oracle, and other Enterprise Resource Planning (ERP) applications that facilitate the automated and integrated flow of transactions and data, EUCs are neither ponderous nor difficult to modify. In fact, EUCs allow businesses and users to quickly deploy solutions in response to shifting market and economic conditions, industry changes, or evolving regulations. They can also help plug functionality gaps for ERP systems. Alas, those same elements that make EUCs so appealing (and vital in providing timely information) can also make them challenging to manage and control effectively.

Description: Panelists discuss using computer technology in the following ways: [1] computer programs [software] as communication tools, [2] using the Microsoft.NET product, and [3] ways to detect false claims. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 71PD of the San Francisco Spring Meeting.

Description: Presented at April 1986 Spring Meeting. This session discussion is about what analysis is effective in measuring recent medical care experience and are the projected cost-containment savings presented to plan sponsors being realized.

Description: As commodity markets evolve in tandem with advents in communications technology, the criticality of data management becomes a lynchpin of corporate success or failure. Advanced analysis on market movement can lead to substantive market gains, while an inability to assess risk in a timely fashion can hinder corporate responsiveness, stagnate growth or result in unmitigated risk. In essence, the old paradigm of data flow and management was severely limited by 1 the amount of readily available data, 2 the transmission capabilities for data, and 3 the costs of data storage and maintenance. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.

Description: Importance of bringing the DevOps mechanism in order to reduce the operational risks and to create a stable audit compliance practice in Actuarial world.