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: A review of the Johns Hopkins Data Science Specialization courses with special emphasis on how they may be useful to actuaries.

Description: This paper first discusses the history of the legislation of the joint and survivor benefits for the uniformed service personnel. It then goes on to address the specific actuarial assumptions made and the formulas developed for applying these assumptions for adaptability to the UNIVAC. This paper closes with specific programming procedures involved in using the UNIVAC.

Description: Panelists present a basic overview of the internet and its potential uses. From the Record of the Society of Actuaries, Vol. 23, No. 3.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 The panel discussion covered: · The basic concepts underlying fuzzy logic · Current applications to risk classification and pricing · Possible future uses of fuzzy logic · The basic concepts underlying neural networks · Current applications of neural networks in life insurance · Possible future uses of neural networks

Description: This article describes how to externalize code of Moody's Axis platform to Visual Studio, so that all the actuarial calculation code run through corporate DevOps pipeline. This article gives specific examples of the author has used in his job to accomplish automated model governance.

Description: This article will be focused on maximizing the reuse of code using features available within Moody’s Axis specifically targeted at using Formula Link.

Description: A description of the Technology Section's goals and accomplishments.

Description: Letter from the editor describing the contents of the issue.