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Risk Management | Issue 39, August 2017
table. As a consequence, Credibility Theory would direct us to stay with the industry table and revisit ... digitized, legal systems have changed, and health care has evolved. We now have electricity, and the transport ...- Authors: Society of Actuaries
- Date: Aug 2017
- Competency: Strategic Insight and Integration>Effective decision-making; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Risk Management
- Topics: Enterprise Risk Management
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Chairmans Corner: Modeling Professionalism
require the actuary to use professional skill, care and judgment, and to consider the practical benefit ... and specifically with the need for appropriate care and diligence in the maintenance and use of our ...- Authors: Society of Actuaries
- Date: Dec 2016
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Standards of practice
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Principle-Based Reserves and LTC Insurance Innovation
Long-Term Care News May 2009 – Issue 23 20 | MAY 2009 | Long-Term Care News Al Schmitz ... Items such as investment income strategy, shared care (first-to-die life), and combination products that ...- Authors: Allen J Schmitz
- Date: May 2009
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Leadership>Professional network leverage; Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Long-Term Care News
- Topics: Enterprise Risk Management>Capital management - ERM; Finance & Investments>Risk measurement - Finance & Investments; Financial Reporting & Accounting>Statutory accounting; Long-term Care>Long-term care insurance; Modeling & Statistical Methods>Stochastic models
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How Might Pandemic Flu Affect U.S. Life Insurers?
How Might Pandemic Flu Affect U.S. Life Insurers? This paper uses a mortality surge model to estimate ... MARC surveyMARC survey –– Total direct reinsurance cededTotal direct reinsurance ceded individual & ...- Authors: Thomas Edwalds
- Date: Jan 2007
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Topics: Actuarial Profession>Alternative careers; Life Insurance>Capital - Life Insurance; Modeling & Statistical Methods; Modeling & Statistical Methods>Deterministic models; Modeling & Statistical Methods>Sensitivity testing
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Variable Annuity Risk and Seeking “The Perfect Hedge”
cash flows (net of premiums) exactly mirror our direct flows. The problem with reinsurance recently is ... assign losses over a certain level back to the direct writer. This means that the 100 percent negative ...- Authors: Douglas Robbins
- Date: Jul 2003
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Product Matters!
- Topics: Annuities>Pricing - Annuities; Annuities>Variable annuities
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GDPR Implications in Actuarial Work
modelling the pricing of their products. Health care is another topic where data breaches and cyberattacks ... breaches and cybercrime or cyberattacks in the health care business attract an inordinate amount of media and ...- Authors: Carlos Arocha, PETRA WILDEMANN
- Date: Sep 2018
- Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Ethical standards; Results-Oriented Solutions>Actionable recommendations; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: International News
- Topics: Actuarial Profession>Standards of practice; Enterprise Risk Management>Compliance; Technology & Applications>Analytics and informatics; Technology & Applications>Data warehousing
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How Model Risk Devastated an Organization
use a primary eRM model that is practical, transparent, flexible and realistic. a primary eRM model ... the central focal point of an ERM program: the primary model most directly connected to decision making ...- Authors: Sim Segal
- Date: Jun 2013
- Competency: Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Actuary Magazine
- Topics: Enterprise Risk Management>Operational risks; Pensions & Retirement>Risk management
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Chairperson's Corner
Offi- cer, Application of ERM National Long-Term Care Needs and Parameter Uncertainty. Finally, be on ... have a clearer picture of the future of health care. Brexit will eventually get moving along. Teresa ...- Authors: Thomas Edward Weist
- Date: Mar 2017
- Competency: Strategic Insight and Integration>Effective decision-making; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Risk Management
- Topics: Enterprise Risk Management
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Enterprise Risk Management:One size does not fit all
Looking forward, the impact of the Affordable Care Act (ACA) on MLRs will need to be consid- ered. ... life, or property and casualty (P&C)). Health care is considered a short- tailed line of business, ...- Authors: Mark W Whitford
- Date: Jan 2013
- Competency: Strategic Insight and Integration>Big picture view; Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Health Watch
- Topics: Annuities>Investment strategy - Annuities; Enterprise Risk Management>Portfolio management - ERM; Finance & Investments>Asset allocation; Finance & Investments>Asset liability management; Finance & Investments>Investments
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The Once & Future Actuary
problems. • Managed care has resulted in a revolution in health care and health care financing. • Pension ... you’ll live, but actuaries can design plans to care for your loved ones in the event of untimely death ...- Authors: David Holland
- Date: Dec 1997
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Actuary Magazine
- Topics: Actuarial Profession; Enterprise Risk Management; Finance & Investments>Risk measurement - Finance & Investments; Global Perspectives