Description: This paper documents the R language and its applications.

Description: Outline of modifications to formulas in previously released FORTRAN program to compute two-life annuities, including those designated 'qualified joint and survivor annuities' in the ERISA Act of 1974.

Description: Members of the American Academy of Actuaries’ Solvency Committee have put together an acronym reference chart. This handy guide can be folded up to fit in your wallet and quickly reviewed so you can fearlessly enter an elevator.

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

Description: Insurance regulations are undergoing a paradigm shift in determining capital and reserves. With Solvency II in Europe and principle-based reserving in the United States, the old formula-based static approach is being replaced or supplemented by a principle-based dynamic method. This change requires enhanced modeling, stochastic simulation and sensitivity analysis, which pose challenges to insurers whose infrastructure has not been built for big computation. This paper introduces a method of building complicated models with small reusable modules and running them on a many-task computing platform to achieve high performance with simplicity. The paper presents an example of a term life insurance model built to take advantage of computer hardware for parallel computing at the task level.

Description: Health Watch, Issue 79, December 2015, Health Watch

Description: End-User Computing (EUC) applications (such as Microsoft Excel, Microsoft Access, and others) provide a great benefit by allowing users to directly manage, control, and manipulate data. Unlike SAP, Oracle, and other Enterprise Resource Planning (ERP) applications that facilitate the automated and integrated flow of transactions and data, EUCs are neither ponderous nor difficult to modify. In fact, EUCs allow businesses and users to quickly deploy solutions in response to shifting market and economic conditions, industry changes, or evolving regulations. They can also help plug functionality gaps for ERP systems. Alas, those same elements that make EUCs so appealing (and vital in providing timely information) can also make them challenging to manage and control effectively.