Description: The objective of this paper is to provide a practical guide with concrete case studies to help actuaries implement artificial intelligence and machine learning (AIML) to help accelerate the speed of analysis for life and annuity actuarial modeling. We do so by researching the existing literature regarding AIML and its applicability to stochastic modeling and exploring case studies.

Description: View the Avoiding Unfair Bias in Insurance Applications of AI Models

Description: This paper provides a new insight to the previous work of Briys and de Varenne [1994], Grosen and Jørgensen [2002] and Chen and Suchanecki [2007]. It shows that if an insurance company follows a risk management strategy, it can significantly change the risk exposure of the company, and that it should thus be taken into account by the regulators.

Description: This paper presents the application of the asset share technique of pricing to Home Equity Line of Credit insurance. The paper's objective is to provide useful tools when developing a new HELOC product including projections for marketing and underwriting, distinctions between desirable and undesirable product design features, and development of premium rate structures. From Actuarial Research Clearing House 1990, VOL. 2

Description: This paper develops a dividend financial structure and a dividend formula based on the contribution principle in a complete expanded format. From Transactions of Society of Actuaries 1981, Vol. 33.