Description: This is the abstract for the presentation on nonparametric estimation of CTE.

Description: View the 2019.1 Actuarial Research Conference Proceedings.

Description: This abstract describes a presentation that describes the Society of Actuaries’ new research strategy and recent research projects.

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

Description: The abstract for the paper The Impact of The Equity Risk Premium and Population Aging on The Canadian Retirement Savings System.

Description: This is the abstract of the research on the importance of dispersion modeling for claims reversing: application of the double GLM theory presented at the actuarial research conference.

Description: Reinsurance reduces the required capital of the primary insurer but increases that of the reinsurer. Capital is costly. All capital costs, including that of the insurer and the reinsurer, are ultimately borne by primary policyholders. Reducing the total capital of insurers and reinsurers brings down the total capital cost and the total primary policy premium. A reinsurance arrangement is considered optimal—if it minimizes the total required capital. This optimal reinsurance is an attracting equilibrium under price competition. Evidence suggests an inverse relationship between the total required capital and the correlation between the losses held by different insurers and reinsurers. Examples are constructed to examine this and other properties of the optimal reinsurance.

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 investigates the extent of increasing the Social Security full retirement age in order to reduce the program’s funding deficit.