Description: The article discusses the investment models of The Mutual Pension Insurance Company Ilmarinen, one of the companies managing the statutory employment pension in Finland. The parts are: financial time series data management, time series analysis programs, investment simulation models and portfolio optimization models.

Description: This article, with some humor, describes a movement known as “econophysics” of physicists modeling economic systems, including capital markets, using techniques and concepts developed in studying the out-of-equilibrium dynamics of complex systems. A version of this article appeared in The Actuary UK in August 2004. Reprinted with permission.

Description: This article discusses data mining and the statistics of coincidence, and provides “guidelines for backtesting integrity” to help ensure results have value beyond mere coincidence. Editor’s Note: The following article originally appeared in the Winter 1998 issue of the Horizon, a publication of BARRA, Inc., and is reprinted with permission.

Description: A look at the COVID-19 crisis in 2020, and how it differs from both prior financial crises and pandemics. The COVID-19 pandemic gives actuaries an opportunity to assess different ways risk may interact, and thereby adjust the profession’s work for the future.

Description: This article discusses facts and issues related to the selection of a stock’s price distribution.

Description: Announcement of an upcoming 2003 Stochastic Modeling Symposium.

Description: In it’s insurance capital model, Standard & Poor’s Ratings Services has established criteria to adopt the NAIC’s stochastic approach to variable annuity risk. This approach, which replaces existing static charges, better reflects the products’ risk.