Description: In an effort to build a bridge between epidemiological and actuarial modeling, this paper analyzes possible financial arrangements made against expenses resulted from medical treatments given to insured patients. Based on classical compartment models, the first part of this paper designs insurance policies for susceptible participants facing the risk of infection and formulates the financial obligations of both parties using actuarial methodology. For practical purposes, the second part employs a variety of numerical methods for calculating premiums and reserves. The last part illustrates the methods by designing insurance products for the Great Plague in Eyam and the SARS Epidemic in Hong Kong.

Description: Hear from the chairperson on themes in the August 2016 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the March 2017 issue of Risk Management published by the JRMS.

Description: Discussion of FAS 133 Implementation Issue B36 relating to the implications for the financial reporting of modco and similar reinsurance treaties where the assuming company assumes some investment risk from assets still owned by the ceding company.

Description: The PPACA imposed a market share-based health insurance provider fee, known as the "Section 9010 Fee", "Health Insurer Fee", or simply the "HIF", on each “covered entity” with net premiums written in excess of $25 million that is engaged in the business of providing health insurance coverage for U.S. health risks. This article provides background information to help unpack the language behind the Section 9010 Fee and highlights a few areas of special interest including merger and acquisition-related issues, application of the Section 9010 fee to expatriate plans, and considerations regarding fee administration.

Description: Hear from the editor’s on the August 2016 issue of Risk Management published by the JRMS.

Description: In the year’s first issue of Reinsurance News I talked a bit about what the Reinsurance Section Council had planned for 2015.

Description: Compares Term VM-20 modeled reserves at low credibility factors.

Description: Summary of the NAIC and SOA's PBR Survey.

Description: Chairperson's column for the July 2016 issue of Predictive Analytics & Futurism.