Description: The aim of this project is to present proposals for Variable Uninsured Life Annuities—or “Value annuities.” The report and the accompanying models illustrate how Value annuities work. This is the Chinese translation

Description: This article describes the history and in some respects, the future of Big Data, and the tools we can use to handle it for PM and for machine learning. One such tool is Vowpal Wabbit, which sounds like something from a Bugs Bunny and Elmer Fudd cartoon (“Dwat that wabbit”), but it really is a popular approach to process a dataset of any size, as there is no need to load all the data into memory. Big data is forcing us to enhance many of our tools. So is the increased actuarial usage of stochastic-in-stochastic analyses (nested stochastic processes), which can result in unacceptably long program run times. Many of our popular computer languages are not inherently well suited for parallel computations.

Description: Contrary to what you might infer from the article title, the author provides counterpoint from some data science skeptics and suggests Big Data sometimes leads to sloppy analysis.

Description: Read the August 2019 issue of Predictive Analytics and Futurism published by the Predictive Analytics and Futurism Section. Newsletter provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Describes the predictive analytics revolution taking place in the insurance industry

Description: Reflection on three years on the PAF section council and where we're headed next.

Description: Crop insurance plays an important role in mitigating food production disasters and keeping a robust food production system in the United States. Crop insurance increases stability in food and fiber production, smoothing variability which would otherwise occur because of weather patterns and changes in international trade regulations and markets. Stability increases the ability of farmers to make long-term investments that increase production efficiency and keep productive land in agriculture.