Description: This is the abstract of a paper about developing a model that will provide insight into the true inherent value of a property-liability insurance company from a market perspective.

Description: This abstract illustrates a calibration model against 60 years of historical data using a pragmatic mixture of filtering, maximum likelihood and method of moments techniques, and compare the resulting model with interest rates in contemporary economic scenario generators.

Description: This is an abstract article on the distribution of discounted compound renewal sums.

Description: This is the abstract for the research on the application of discounted PH-renewal sums.

Description: Article describing how the process and means for an actuarial education has changed over the years.

Description: The underlying premise of this paper is that enterprise risk management (ERM), as it continues to evolve as both a process and a collection of risk management techniques, can benefit from several different (but ultimately somewhat related) “megatrends.” The core of this paper concentrates on the impact on ERM of one of those megatrends: the emergence of a behavioral economics perspective, which is beginning to have a large impact on our understanding of the economy and on certain economic and business processes. The evolution and context of behavioral economics are described, and potential implications for the practice of ERM are discussed. The paper culminates with a variety of specific suggestions for ERM practice in response to findings from behavioral economics research, specifically a number of human cognitive dissonances inconsistent with traditional economic theory.

Description: This abstract explores three central questions as follows: 1) What is the current state of the ERM paradigm, including its boundaries and limitations, especially with regard to extreme events and emerging risk; 2) Is it possible to have a unified ERM "theory of everything", capable of explaining both smaller, localized events as well as trans-boundary risk and emerging risk; 3) Might it be the case that one set of laws applies to localized risk while another (separate and different) set of laws applies to macro-level risks such as extreme events and trans-boundary risk. This exploration is intended to foster dialogue and progression toward a more robust ERM construct.

Description: This abstract describes a paper that analyze the impact of subjective mortality beliefs on policyholder behavior for withdrawal guarantees in Variable Annuities and to assess the financial consequences for life insurers.

Description: The abstract for the paper Risk: Applying a New Portfolio Risk/Return Measurement Methodology Based on Recent Advances in Quantifying Stable Paretian Fat Tailed Distributions and Investor Loss Aversion Preferences.

Description: This abstract describes a paper that generalizes the Poisson process to a renewal process, especially Erlang (n) renewal processes.