Description: The potential impact and effects that artificial intelligence might have on life insurance companies.

Description: Discusses: [1] the effects of Financial Accounting Standard No. 97 [FAS 97] on recoverability and loss-recognition issues, [2] interest-crediting strategy, ways and means of maintaining the planned interest spread, the effects of the various strategies on lapse experience, and the ultimate effect on recoverability of the deferred acquisition costs, and [3] premium-deficiency testing and the modification of interest, mortality, and expense margins to satisfy the question of loss recognition, or lack of the ability to recover the remaining deferred asset. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: Deep learning neural network applied to experience analysis for post-level term lapse and mortality.

Description: Full version of The Financial Reporter, Issue No. 65, June 2006.

Description: There is surprisingly little guidance on whether negative GAAP term reserves should be floored. This article addresses some of the considerations for flooring.

Description: This article walks through the process of building a cluster model using off-the-shelf software.

Description: Our paradigm constrains our view of the world, but also provides guidance on how we address and solve problems.

Description: This is a discussion about actuaries, stochasticity and risk management. This article is a response to Max Rudolph's ERM As A Competitive Advantage: Moving Beyond PBA to Add Value The Actuary, April/May 2007.

Description: How to deal with worst practices in spreadsheets and still have verifiable results.

Description: Model governance must deal with the effects organizational culture, including normalization of behaviors that are inconsistent with appropriate governance.