Description: This presentation discussed the Copula Methodology, which is the most popular methodology in multivariate modeling in finance and insurance. The definition, advantages, limitations, and uses of the Copula Methodology were presented. Some other multivariate models were discussed as well. From Actuarial Research Clearing House, 2012, Vol. 1.

Description: This paper discusses the binominal financial and insurance models. In addition, the paper expands the discussion to the martingale probabilities measures for insurances, annuities, endowment insurances, and equity-linked products.