Description: This note presents a review of calculator financial functions for the Texas Instruments BA-35 calculator. A number of the examples used as illustrations are from the 3rd edition of the book Mathematics of Investment and Credit, by S. Broverman.

Description: With the convergence and consolidation of the financial services industry, the advent of new technologies and the Internet, and increased focus on the customer, actuaries are facing a brand new set of challenges. This editorial prefaces the articles in this issue that point out some key challenges and opportunities facing today’s actuaries.

Description: This article explains the importance of centralizing modeling departments. It goes further and explains the importance of making all aspects of modeling reusable. It explains the consequences of decentralization.

Description: LDTI’s introduction has forced many insurers to examine their existing operations and technologies. They must determine how to optimize compliance efforts while balancing data, analytics and system modernization considerations to achieve maximum value. This article will examine the four key facets—the data, technology, processes, and people—essential to any successful LDTI exercise. It will also touch on the various approaches for tackling LDTI and how a modernization mindset can help insurers realize much greater transformation for the business.

Description: New Co-Editor Richard Junker introduces himself and his plans for the newsletter.

Description: Describes a concise, easily remembered algorithm to determine the exact number of days between two specified dates, without reference to the number of days in each of the intervening months.

Description: Read the April 2019 issue of CompAct, published by the Technology Section of the Society of Actuaries.

Description: This article discusses the benefits of the recent advances in technology. The author cautions that while these advances create demands that call for yet more advances, we need to think longer term to avoid future side effects like Y2K.

Description: Information technology may change the very concept on which the actuarial profession is based. The result could be the reduction of all risk categories to a category of one.” John Diebold, chairman of the Diebold Group of management consultants, told a luncheon audience at the Centennial Celebration.

Description: Brief summaries of two sessions at the 2010 SOA Annual Meeting: Joint Technology and Entrepreneurial Actuaries sections' reception and The Actuarial Technology Perfect Storm.