Description: This paper addresses rainfall insurance using financial derivatives. Usual modeling is done for temperature related products. The authors gathered rainfall data in Mexico City over a period of five decades. This showed that the time series data is stationary and normally distributed. Therefore, the authors applied a closed-form solution to value swaps, calls and puts, with and without limits. The model can be used for practical purpose of pricing rainfall derivatives. From Actuarial Research Clearing House, 2006.

Description: This paper explains the development of the credit derivative market, describes the most common types of credit derivatives, discusses how insurers can and do use these instruments and explains the role they played in the financial market turmoil of 2008.

Description: Characteristics of Asian Indexed Executive Options. Presented at August 2011 Actuarial Research Conference.

Description: 1994 SOA Spring Meeting, Orlando. This session is about fixed income derivatives, their uses, and their implications with respect to RBC, IMR, disclosure, and FAS 115 hedge accounting.