Description: Ask several actuaries what they do all day, and their responses start to sound similar. Each will tell you in their own way, “It’s never the same!” Learn more.

Description: View information on Virginia Commonwealth University.

Description: View information on Soongsil University.

Description: Read information about Iowa State University.

Description: View information on Shenzhen University.

Description: This award recognizes individuals for their exceptional scientific contributions in actuarial science at the early stages of their academic career.

Description: View the Archive Fall 2017: Quantitative Finance and Investment Advanced Exam.

Description: In this article, a numerical comparison of two commonly used FIA valuation methodologies is conducted to help insurers decide on the best methodology to use under GAAP LDTI and VM-22. We compared two modeling approaches to project the future index credits with the annual point-to-point crediting formula: Tthe stochastic equity crediting model and the deterministic option budget crediting model. The analysis is then extended to different levels of option budgets and the monthly average crediting formula. The advantages and disadvantages of the two equity return projecting approaches are also highlighted and will be discussed later in the report.

Description: While the major market crash subsequent to the widespread contagion of the COVID-19 virus was readily predictable, the rapid recovery and ongoing growth subsequent to it was not. Market dynamics around the recovery resist characterization by most traditional analytical approaches. In examining the circumstances around the emergence of a large retail class of investors, one sees that ingrained human tendencies, particularly optimism bias, have fueled much investor behavior responsible for the recovery. Understanding this makes it possible to predict potential future crashes and develop behavioral interventions for subsequent market recoveries.

Description: It is an interview