Description: Milliman has embarked on a multiyear aspirational effort with the United Nations Development Programme (UNDP)’s Insurance and Risk Financing Facility (IRFF) to build actuarial capacity and, as a result, support economic development in the developing world. The Global Actuarial Initiative (GAIN) was launched and announced at the 77th United Nations General Assembly on September 18, 2022 and aims to enhance and strengthen the actuarial profession in multiple target countries. GAIN efforts are focused on the goal of sustainable economic development by advancing effective risk management in developing nations. The interventions we embark on through GAIN will vary by country, reflecting its current actuarial needs, what we see as opportunities for improvement, and more importantly what the local stakeholders see as the most useful activities.

Description: The brief from the editor of Expanding Horizons for this essay was to give some personal reflections on how actuarial education and research influence actuarial practice.

Description: This is the Education and Research Section Council Notes Conference Call–January 9, 2007, 11:00 a.m. (Central). From Expanding Horizons, April 2007.

Description: Vincent Kane recaps the “Statistics for Reading the Health Services and Policy Literature” session at the SOA ’10 Health Meeting.

Description: This is the first article in the new "Fireside Chat" series which intends to honor highly accomplised academic actuaries and allow them to share their insights into academic careers with young scholars. This article is mainly based on an interview with Dr. Edward Frees (Jed), one of the most accomplished actuarial professors.

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: Life and annuity markets around the world have seen increasingly complex investment-combined products, including universal life, fixed indexed annuities, variable annuities with a wide variety of guaranteed benefits, indexed variable annuities, etc. Insurance companies are facing unprecedented exposure to financial risks in addition to traditional mortality and longevity risks. The risk assessment and modeling for such complex designs by conventional methods often focus heavily on their market competitiveness and profitability. However, there seems to be a lack of quantifiable and systematic approach to assess investment risks associated with investment combined products. The objective of the proposed work is to develop a framework for quantifying and analyzing various forms of contractual designs and showcase different techniques to assess the trade-off between competitive contractual designs and their practical implications with regard to the difficulty of risk management.

Description: This article provides an introduction to ARC 2020 and the actuarial science program in University of Nebraska Lincoln.