Description: In this paper, we introduce a family of leptokurtic symmetric distributions represented by the difference of two gamma variates. Properties of this family are discussed. The Laplace, sums of Laplace and normal distributions all arise as special cases of this family. We propose a two-step method for fitting data to this family. We develop a statistical test for goodness-of-fit and introduce a test of normality of the data. A simulation study is provided to illustrate the theory.

Description: Many executives are talking about predictive analytics uses in health insurance.

Description: It has been twenty years since DeWit 1982 first applied fuzzy logic FL to insurance. That article sought to quantify the fuzziness in underwriting. Since then, the universe of discourse has expanded considerably and now the FL methodologies include used fuzzy set theory, fuzzy numbers and fuzzy arithmetic, fuzzy inference systems, fuzzy clustering algorithms, fuzzy linear programming, fuzzy regression, and hybrids involving other soft computing technologies. This article presents an overview of these studies.

Description: This paper shows how discrete multivariate analysis or multidimensional contingency table methods may be applied to data arising in actuarial work. A brief introduction to the theory is followed by two detailed examples of its application. Finally, the concluding remarks indicate how the procedure could be incorporated into a complete rate-making procedure. This work was performed for the U.S. Department of Housing and Urban Development.

Description: 2016 marks the 60th anniversary of the Canadian Reinsurance Conference. This one day industry meeting hosting delegates from North America and beyond will be held in Toronto on April 13, 2016 under the theme "ReDefining Leadership".

Description: The conventional way to analyze grouped observations on a single variable is to construct histograms or, sometimes, fit a normal distribution. We extend this latter approach by allowing for transformations to near normality.

Description: This article reviews underwriting and why it has remained unchanged for 50 years. The unhealthy lifestyles of Americans are examined. From Health Watch Newsletter, May 2006, Issue No. 52.

Description: From a session at the annual meeting of the Society of Actuaries held in Chicago, Illinois, October 15-18, 2000 This session covered issues related to insurance via the Internet, specifically: · Sales-to-date and projected sales for life, annuities, and property and casualty · Marketing approaches used · Underwriting process and fulfillment · Lead generation versus direct sales · Product and pricing implications · Lessons learned-to-date The panel of experts offers perspectives on the various ways the industry is utilizing the Internet and what we can expect to see in the future. Mr. Todd Erkis: I'm a life and annuity actuary from PricewaterhouseCoopers.

Description: Society of Actuaries research efforts currently in development

Description: Within this paper, we take an applied approach to examine the economics of ERM. We provide readers with a series of economically based warning signs that might signify significant changes in asset prices. These warning signs are based on the economic concepts of elasticity of demand, elasticity of supply and herd behavior. Our recommendations provide practical guidance to directors, executives and practitioners regarding ways in which they can mitigate risks in today’s volatile environment. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.