Description: Opinion piece about when, how, and why actuaries need approximations.

Description: Discuss various analytics and use cases using payer published reimbursement contract data under federal mandate of Transparency in Coverage. These contract rates are publicly available in machine readable format (MRF) starting July 1, 2022, and refreshed monthly. By attending the session, you will have a better understanding of the state-of-art development and analytics using MRF data, including the technologies used to extract and analyze huge MRF files, validation and limitations of published rates, and their use cases.

Description: The complex world of life insurance, historically the domain of those gifted in integral calculus and probabilistic and present value mathematics, is explored using Excel spreadsheets and the Solver macro. The cash flow approach to learning life insurance examines how the cash flows through an insurance company without using higher math.

Description: Come discuss modeling costs and its governance, as well as introduce some platforms for more granular asset modeling.

Description: A disscussion of actuar R, an R package for actuarial science, and its facilities in the fields of loss distribution modeling, risk theory and credibility theory.

Description: Gather with members and non-members in the China actuarial community to discuss recent topics and related issues in areas such as macroeconomic sharing, pension, investment, product strategy, and more.

Description: Modeling teams are getting larger to deal with more complex models and to support more enhancement requests from business and actuarial teams. Actuarial modeling teams can adapt tools and techniques used in the broader IT industry to be more efficient, handle large number of requests while maintaining their quality of work. Explore DevOps tools to track requests, progress made, work assignment and version control systems. See Azure DevOps in action as presenters use it as an illustrative tool to showcase these activities and how they can be beneficial to an actuarial modeling team (regardless of their preferred actuarial modeling system).

Description: In this article, we talk to Lei Rao-Knight, FSA, Vice President and Actuary at Prudential Financial. Lei discusses her model development experience in the Modeling Center of Excellence.

Description: Discusses the RAND function in Excel and alternatives for generating random numbers.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panel will discuss the approaches and techniques used for pricing and modeling insurance products, including commercial software, internal systems, maintenance issues, staff training, and asset/liability systems. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.