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AI and EMRs: Pioneering the New Frontier in Healthcare Actuarial Practice
AI and EMRs: Pioneering the New Frontier in Healthcare Actuarial Practice In the evolving ... (EMRs) in empowering actuaries to navigate this dynamic sector. Despite challenges in data standardization ...- Authors: Netanel Lederer
- Date: May 2024
- Competency: External Forces & Industry Knowledge; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Innovators & Entrepreneurs
- Topics: Health & Disability; Health & Disability>Health care; Health & Disability>Health information technology; Health & Disability>Provider risk; Health & Disability>Electronic medical record
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Infusing Systems Science in Risk Management: Part 1—Debunking Risk, Equilibrium, and Exogenous Shocks
Infusing Systems Science in Risk Management: Part 1—Debunking Risk, Equilibrium, and Exogenous ... equilibrium, and shocks and replace them with dynamic principles of uncertainty, emergence, and feedback ...- Authors: Bryon Robidoux
- Date: Feb 2024
- Competency: Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Economics; Economics>Behavioral economics; Economics>Financial economics; Economics>Financial markets; Economics>Macroeconomics; Enterprise Risk Management; Enterprise Risk Management>Risk measurement - ERM; Enterprise Risk Management>Strategic risks; Enterprise Risk Management>Systematic risk; Enterprise Risk Management>Systemic risk
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Are Your Indexed UL Earnings Underperforming Pricing Expectations?
Are Your Indexed UL Earnings Underperforming Pricing Expectations? The article discusses ... carriers. Some use static hedging, while others use a dynamic hedging approach, given the difficulty of trying ...- Authors: Nik Godon
- Date: Jan 2024
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Financial Reporting & Accounting; Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Pricing - Life Insurance; Life Insurance>Universal life
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Harnessing BI Tools for In-force Metrics and KPIs
fields, not unlike a pivot table, but much more dynamic and versatile. Filtering and Drill-Down Capabilities: ... pave the way for an insurance landscape that's as dynamic, informed, and visionary as the professionals who ...- Date: Jan 2024
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Experience Studies & Data; Technology & Applications>Business intelligence
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Liquidity, Capital, and ALM: How Insurers can Include a Liquidity Score and Liquidity Stress Scenarios as Part of their Asset Liability Management (ALM) Protocol
Liquidity, Capital, and ALM: How Insurers can Include a Liquidity Score and Liquidity Stress ... A typical solution is to use a dynamic lapse formula. Most dynamic lapse formulas are set on an aggregate ...- Authors: Joshua Dobiac, David Wang
- Date: Dec 2023
- Competency: Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Enterprise Risk Management>Portfolio management - ERM; Finance & Investments>Asset liability management
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How Long is Long in Longevity?
How Long is Long in Longevity? This is a paper from the session on the Aging Process at the ... a regularity: the commencement of longevity is dynamic rather than fixed. The fundamental characteristic ...- Authors: Jesus-Adrian Alvarez
- Date: Nov 2023
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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Embedded Volatility: Insight from Market Risk Benefit Roll-Forward
Embedded Volatility: Insight from Market Risk Benefit Roll-Forward In this article, we collected ... they fit perfectly, the market-traded static and dynamic hedge programs introduce cost by removing inherent ...- Authors: Su Su, Tina Guo, Yifeng Mu, Robert E Winawer
- Date: Nov 2023
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Fair value accounting; Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Critical Illness Turns 40!
Critical Illness Turns 40! This article provides an overview of critical illness insurance: ... would be at a new employer. As a result of this dynamic, there is some additional turbulence in the lapse ...- Authors: Jennifer Howard, Ashlee Borcan
- Date: Sep 2023
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Experience Studies & Data; Experience Studies & Data>Morbidity; Health & Disability; Health & Disability>Critical illness insurance; Health & Disability>Health insurance; Experience Studies & Data>Rate calculations; Health & Disability>Incidence; Health & Disability>Rates - Health & Disability; Health & Disability>Termination - Health & Disability
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Data Science Meets InsurTech Startup: An Illustrative Profile
Data Science Meets InsurTech Startup: An Illustrative Profile As the insurance industry continues ... observations on current industry approaches to dynamic lapse behavior based on interest rates? ADST: For ...- Authors: Mark Spong, Dror Katzav
- Date: Aug 2023
- Competency: External Forces & Industry Knowledge; Professional Values; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Innovators & Entrepreneurs
- Topics: Actuarial Profession; Actuarial Profession>Entrepreneurism; Actuarial Profession>Professional development; Technology & Applications; Technology & Applications>Analytics and informatics; Technology & Applications>Business intelligence; Technology & Applications>Artificial intelligence & machine learning; Technology & Applications>Automation
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The Syllabus as an Instructional Aid for Complex Problem-Solving
Problem-Solving This article studies the syllabus as a dynamic, interactive teaching tool that informs and is ... students plan. This article studies the syllabus as a dynamic, interactive teaching tool that informs and is ...- Authors: Russell Hendel
- Date: Aug 2023
- Competency: Communication; Leadership; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Expanding Horizons
- Topics: Actuarial Profession; Actuarial Profession>Best practices; Actuarial Profession>Competencies
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What if Mortality Stops Improving? Introducing a Product Idea that Shares the Risks and Benefits of Changes in Mortality Rates
What if Mortality Stops Improving? Introducing a Product Idea that Shares the Risks and ... companies and policyholders. We have not modeled “dynamic” lapse rates for the mortality scenarios described ...- Authors: Craig Reynolds, Aatman Dattani
- Date: Aug 2023
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Experience Studies & Data; Experience Studies & Data>Mortality; Life Insurance; Life Insurance>Product development - Life Insurance
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Cluster Modeling: A Powerful Way to Reduce Cloud Costs
Cluster Modeling: A Powerful Way to Reduce Cloud Costs Actuaries can leverage cluster modeling ... relevant policyholder behavior impact from the dynamic functions used to model such behavior in the heavy ...- Authors: Zohair Motiwalla, Aatman Dattani
- Date: Jul 2023
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Modeling & Statistical Methods
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The Rewards of Teaching and Mentorship in the Actuarial Profession
The Rewards of Teaching and Mentorship in the Actuarial Profession Actuary Dave ... exhibiting their engagement and inquisitiveness. These dynamic interactions cultivate a mutually beneficial learning ...- Date: Jun 2023
- Competency: Communication; External Forces & Industry Knowledge; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Expanding Horizons
- Topics: Actuarial Profession; Actuarial Profession>Mentoring; Actuarial Profession>Professional development; Public Policy; Public Policy
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RILA GLWB Designs and Market Risk Analysis
assumptions for utilization of rider benefits and dynamic surrenders; profitability will vary if behavior ... strategies should consider other methods, such as dynamic hedging (e.g., as seen on traditional variable ...- Authors: Matthew Kevin Heaphy, Nicholas Carbo, David J Elliott
- Date: May 2023
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Guaranteed living benefits; Modeling & Statistical Methods; Modeling & Statistical Methods>Sensitivity testing; Modeling & Statistical Methods>Stochastic models; Annuities>Deferred annuities; Annuities>Living / Death benefit riders
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2022-erm-dynamic-world
Pandemics & Paradigm Shifts: ERM in an Intensely Dynamic World panel discussion, where industry and regulatory ... failures, best practices and an outlook on the ultra-dynamic world of today and consideration of a company's ...- Authors: Society of Actuaries
- Date: Feb 2023
- Competency: External Forces & Industry Knowledge; Professional Values; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Actuarial Profession; Enterprise Risk Management; Finance & Investments; Financial Reporting & Accounting; General Insurance (Property & Casualty); Public Policy
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Pay-As-You-Drive Insurance and Usage-Based Insurance: A Look at Two Recent Articles in the NAAJ
Implications,” Cheng et al. focus on the development of a dynamic theoretical PAYD model. They then use their model ... insurance. The PAYD model developed by Cheng et al. is dynamic. That is, the premium is adjusted at various points ...- Authors: Anthony Cappelletti
- Date: Dec 2022
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: General Insurance Insights
- Topics: General Insurance (Property & Casualty); General Insurance (Property & Casualty)>Classification; General Insurance (Property & Casualty)>Pricing/ratemaking - General Insurance
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Coordinating VM-31 With ASOP No. 56 Modeling
interactions and the model's ability to reflect dynamic policyholder behavior interactions. The model's ... requires "tables showing numerical static and dynamic validation results." ASOP No. 56 Section 3.6.2 ...- Authors: Karen Rudolph
- Date: Jul 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Life Insurance
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The Future of Actuarial Models
The Future of Actuarial Models A look at the near future and far future of various elements ... actuaries are adding a bit more sophistication. Dynamic policyholder actions such as selective lapsation ...- Authors: Nathan Worrell
- Date: Jul 2022
- Competency: External Forces & Industry Knowledge; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Actuary of the Future
- Topics: Technology & Applications>Analytics and informatics; Technology & Applications>Software; Predictive Analytics>Modeling techniques; Technology & Applications>Artificial intelligence & machine learning
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Why Glide Paths Should Evolve
Calculations References Bellman, R.E. (1957), Dynamic Programming, Dover. Ibbotson, R., Milevsky, M. ... Samuelson, P., (1969). Lifetime portfolio selection by dynamic stochastic programming, The Review of Economics ...- Authors: Dimitry D Mindlin
- Date: Jun 2022
- Competency: Professional Values; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Risks & Rewards
- Topics: Finance & Investments>Asset allocation; Finance & Investments>Investment policy; Finance & Investments>Investment strategy - Finance & Investments; Finance & Investments>Portfolio management - Finance & Investments; Finance & Investments>Risk measurement - Finance & Investments; Pensions & Retirement; Pensions & Retirement>Pension finance; Pensions & Retirement>Pension investments & asset liability management
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Optimizing QDIAs for Retirement
Optimizing QDIAs for Retirement The article describes the factors that should determine ... fund components should itself be regarded as a dynamic optimization exercise. Plan sponsors without internal ...- Authors: Paul Donahue
- Date: Jun 2022
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Retirement Section News
- Topics: Pensions & Retirement>Defined contribution and 401k plans; Pensions & Retirement>Plan design; Pensions & Retirement>Post retirement risks
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Deferred Life Risks Are on the Menu of a Hungry Pension Risk Transfer Market
Deferred Life Risks Are on the Menu of a Hungry Pension Risk Transfer Market Discusses insurance ... commitments on pricing, where insurers need pricing dynamic enough to deal with deferred life changes from ...- Date: May 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Pension risk transfer
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Potential Modeling Challenges in a Negative Interest Rate Environment
discount cash flows, as well as in annuity factor and dynamic lapse calculations. The models used by actuaries ... annuities or universal life, most models employ a dynamic lapse adjustment that is a function of the difference ...- Authors: Zohair Motiwalla
- Date: Mar 2022
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Modeling & Statistical Methods
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Deep Learning for Liability-Driven Investment
optimization of a dynamic asset allocation strategy is difficult to achieve with dynamic programming, whose ... construct a framework for learning the optimal dynamic strategic asset allocation plan for LDI, one can ...- Authors: Kailan Shang
- Date: Feb 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risks & Rewards
- Topics: Finance & Investments; Predictive Analytics
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Fixed Indexed Annuity Fair Value Quantification and Valuation
different levels of required pricing spreads. Dynamic lapse is also important risk to reflect in FIA ... will have a higher incentive to lapse the policy. Dynamic lapse rate varies across different simulated interest ...- Authors: Tao Wang ASA,MAAA , Peter M Phillips
- Date: Feb 2022
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Financial Reporting & Accounting; Financial Reporting & Accounting>Fair value accounting
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Actuarial Process Optimization—A Case for Using Modern Technology in Actuarial Domain
Actuarial Process Optimization—A Case for Using Modern Technology in Actuarial Domain ... flexibility in aggregating and displaying results, with dynamic drill-down functionality and ability to conduct ...- Authors: Alexander Zaidlin
- Date: Oct 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Technology Today
- Topics: Technology & Applications
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Modeling the Variety of Decision Making
in risk management related calculations to use dynamic or stochastic models. One or several of the key ... evolutionary nature of things. Time and the dynamic behavior of systems — including across scales of ...- Date: Aug 2021
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management
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Resurrecting the White Swan Mindset
environments like board games, often fail in real-world, dynamic, low signal-to-noise environments — such as financial ... this schema. For differing complex, adaptive, dynamic human-involved systems that are shaped, even defined ...- Authors: Guntram Fritz-Albin Werther, Max Rudolph
- Date: Aug 2021
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management
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Economic Scenario Generators, Part III: In-depth ESG Case Study—Academy Interest Rate Generator
Economic Scenario Generators, Part III: In-depth ESG Case Study—Academy Interest Rate Generator ... time of valuation; this allows the AIRG to be dynamic to evolving rate conditions without the need for ...- Authors: Rahat Jain , Dean Kerr, Matthew Zhang
- Date: Jul 2021
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Life Insurance; Modeling & Statistical Methods
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Accounting for Ceded Reinsurance Under LDTI—Existing Business
different discount rates recognized earlier, the “dynamic retrospective” and “attributed retrospective” remeasurement ... but there are some practical differences. The dynamic retrospective method uses the familiar modified ...- Authors: Steven Malerich
- Date: Jul 2021
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Several Ways to Improve Your Use of Excel for Actuarial Production
Several Ways to Improve Your Use of Excel for Actuarial Production This article offers ways to ... excess mortality in one cell, and even created dynamic ranges for it so that it adjusts to copying and ...- Authors: Stephan Mathys
- Date: Jun 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Small Talk
- Topics: Technology & Applications>Business intelligence; Technology & Applications>Software; Technology & Applications>Visualization
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Frequently Asked Questions—Indirect Par Contracts Under IFRS 17
included or excluded. However, because (a) the dynamic behavior is a direct consequence of the market ... in fact, be impossible to accurately split the dynamic behavior from market movements, companies typically ...- Authors: Bruce Rosner, Kyle Stolarz
- Date: Jun 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]; Life Insurance>Reserves - Life Insurance
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Opportunities for Bundling Medicare Supplement and Short-Term Care: The Perfect Match?
profit emergence in later years. Another unique dynamic of MedSupp is its regulatory framework. Some MedSupp ... policies or none, the example demonstrates the dynamic present in bundling these distinctly different ...- Authors: Kenneth J Clark, Robert T Eaton
- Date: Mar 2021
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Health & Disability>Health insurance; Health & Disability>Rates - Health & Disability; Long-term Care>Long-term care pricing; Long-term Care>Rates - Long-term Care; Long-term Care>Termination - Long-term Care
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Potential Impact of Non-Variable Annuity PBR on Fixed Indexed Annuity Pricing
to project the future costs and benefits of a dynamic hedge strategy using either the Explicit Method ... The Framework suggests that the reflection of a dynamic strategy, whether defined as CDHS or not, will ...- Authors: Zohair Motiwalla, Karthik Yadatore, Aatman Dattani
- Date: Feb 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Annuities>Reserves - Annuities; Financial Reporting & Accounting>Statutory accounting
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The Importance of Centralization of Actuarial Modeling Functions, Part 4 - DevOps and Automated Model Governance
The Importance of Centralization of Actuarial Modeling Functions, Part 4 - DevOps and Automated ... externalizing all the for- mula table code to a Dynamic Link Library (DLL) with an inte- grated development ...- Authors: Bryon Robidoux
- Date: Nov 2020
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Technology & Applications>Computer science
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A Value-Based Longevity Index for Hedging Retirement Income Portfolios
A Value-Based Longevity Index for Hedging Retirement Income Portfolios This is A Value-Based Longevity ... mortality evolution is adopted, along with a dynamic Nelson-Siegel model for the dynamics of interest ...- Authors: Jonathan Ziveyi, Michael Sherris, Andres Mauricio Villegas Ramirez
- Date: Oct 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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The ACA Underwriting Cycle
The ACA Underwriting Cycle There are early indications of a six year cycle in ACA markets ... “some savvy state exchanges have recognized this dynamic and deliberately and perhaps controversially avoided ...- Authors: Gregory Fann
- Date: Oct 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Health & Disability
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Trends in Life Expectancy and Lifespan Variation After Retirement Comments
Trends in Life Expectancy and Lifespan Variation After Retirement Comments These are the Discussant ... lifestyle conditions will change, thus requiring a dynamic analysis at regular intervals. In recognition ...- Authors: Sam Gutterman
- Date: Sep 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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Does Migration Result in Mortality Improvement: A Case Study in Taiwan
Migration and Numerical Analysis Migration is a dynamic process and it contains important and sometimes ... Therefore, it is very difficult to profile the dynamic migration and its influence on mortality rates ...- Authors: Yen-Wen chen , Ching-Syang Jack Yue ASA (Jack), Chih-Kai Chang
- Date: Sep 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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Accounting for Ceded Reinsurance under LDTI—Introduction
Accounting for Ceded Reinsurance under LDTI—Introduction This is the first in a series of articles ... applying assumption updates. A FRESH LOOK The dynamic assumption update requirements of LDTI will affect ...- Authors: Steven Malerich
- Date: Sep 2020
- Competency: Communication; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Reinsurance; Reinsurance>Reserving - Reinsurance
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Raising the Bar on Model Validation
sample recalculations • Detailed static and dynamic validation • Backtesting • Implied rate checks ... • Formula inspection • Cell-level static and dynamic validation • Implied rate checks INPUT OUTPUTCALCULATION ...- Authors: Paul Chao-Liang Chen, Patrick Davidson , Dylan Strother
- Date: Aug 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Life Insurance; Modeling & Statistical Methods; Modeling & Statistical Methods>Modeling efficiency
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Modeling Techniques: PBR and Beyond
Scalability New Functionality – Modularity 13 Dynamic assumption unlocking Post-reserve calculations ... required cashflows to demonstrate appropriateness of dynamic assumptions ValAct- PBR Modeling Techniques ...- Authors: Bill Cember, Reanna Nicholsen, Kathryn van Ryn
- Date: Aug 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Modeling efficiency
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Understanding Multimorbidities
Understanding Multimorbidities ... inter- relationships among conditions implies a dynamic mortality and morbidity process, especially among ...- Date: Aug 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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Know your policyholders first, Model their behavior second
assumption for these products typically involves a dynamic function in the sense that lapse rates can be ... in- terest rate changes. The formulation of the dynamic function revolves around our view as actuaries ...- Authors: David Wang
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Experience Studies & Data
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Building a Modularized and Reusable Formula Table Code in Moody’s Axis Using Formula Link
Classes tab allows users to create classes using dynamic polymorphism. Hence, the actuary could create ... Sub End Sub Now, to make the static and dynamic polymorphism examples equivalent, write the following ...- Authors: Bryon Robidoux
- Date: Jul 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Technology Today
- Topics: Modeling & Statistical Methods; Technology & Applications>Computer science; Technology & Applications>Software; Technology & Applications>Automation
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Principle-Based Reserves Simplified Methods
assumptions and properly reflect the material dynamic risks. C. Recommendations for approximations ... assumptions and properly reflect the material dynamic risks. Additionally, a benefit of performing ...- Authors: Mark Birdsall, Brian Hartman, Stephen Strommen
- Date: Jul 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Financial Reporting & Accounting
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Demographic Perspectives on the Rise of Longevity
Demographic Perspectives on the Rise of Longevity This is the Demographic Perspectives on the ... population projections. In: Schoen R, editor. Dynamic demographic analysis: Springer; 2016. p. 285-310 ...- Authors: Marie-Pier Bergeron-Boucher, Francisco Villavicencio , James W Vaupel
- Date: Jul 2020
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Demography
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The Importance of Centralization of Actuarial Modeling Functions – Part 3: Implementing Model as Data using Moody’s Axis.
The Importance of Centralization of Actuarial Modeling Functions – Part 3: Implementing ... data-driven so every aspect of running the model can be dynamic and configurable. CONTINUOUS TESTING The testing ...- Authors: Bryon Robidoux
- Date: Jun 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Modeling & Statistical Methods>Modeling efficiency; Technology & Applications>Computer science; Technology & Applications>Automation
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Pricing for Sparse Data
Pricing for Sparse Data While our ability to access and analyze large quantities of data is ... Comments 1 Policyholder behavior • Lapses and dynamic lapses – Risk of higher / lower lapses when option ...- Authors: Timothy S Paris, Andy Samuel King
- Date: May 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Variable annuities; Experience Studies & Data; Experience Studies & Data>Policyholder or participant behavior - Experience
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Deep Dive Into Hybrid Life/LTC Products
Deep Dive Into Hybrid Life/LTC Products The hybrid Life/LTC and Life / Chronic Illness market ... adjustment to claim termination assumptions, or a dynamic adjustment in the model, may be prudent. Other ...- Authors: Sean Pena, Vincent Bodnar, Allen J Schmitz
- Date: May 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Experience Studies & Data; Experience Studies & Data>Long-term care - Experience Studies & Data; Long-term Care; Long-term Care>Long-term care combination products
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Future Long-Term Care in Canada
metrics as well.) The projection is performed in a dynamic way such that a large number of variables that ... entering the relevant variations, or shocks, to the dynamic elements in the baseline model, and the quantitative ...- Authors: Bonnie-Jeanne MacDonald, Sim Segal, Michael Wolfson
- Date: May 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management
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COVID-19, Unknown Unknowns, and Public Finance on the Fly
COVID-19, Unknown Unknowns, and Public Finance on the Fly The article describes the insurance ... The coronavirus pandemic has added a new risk dynamic. Insurers are subject to known regulatory requirements ...- Authors: Gregory Fann
- Date: May 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: In The Public Interest
- Topics: Health & Disability>Health care; Health & Disability>Health risks; Social Insurance; Health & Disability>Affordable Care Act (ACA)
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Macroeconomics Based Economic Scenario Generation
Macroeconomics Based Economic Scenario Generation This article introduces a non-traditional type ... of economic scenario generator that relies on dynamic stochastic general equilibrium (DSGE) models are ...- Authors: Kailan Shang
- Date: Apr 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Risk Management
- Topics: Economics; Enterprise Risk Management
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Macroeconomics-Based Economic Scenario Generation
This paper introduces actuaries and others to dynamic stochastic general equilibrium (DSGE) models, a ... new research introducing actuaries and others to dynamic stochastic general equilibrium (DSGE) models, a ...- Authors: Society of Actuaries
- Date: Apr 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Technology & Applications
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Macroeconomics-Based Economic Scenario Generation
Macroeconomics-Based Economic Scenario Generation ... This paper introduces actuaries and others to dynamic stochastic general equilibrium (DSGE) models, a ...- Authors: Kailan Shang
- Date: Apr 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Finance & Investments
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April issue of The Modeling Platform
April issue of The Modeling Platform Read the April 2020 issue of The Modeling Platform, ... SOA’s commitment to providing its members with dynamic learning experiences, rewarding volunteer opportunities ...- Authors: Society of Actuaries
- Date: Apr 2020
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Scenario generation; Modeling & Statistical Methods>Stochastic models
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Session 188: Equity Market Returns: Reshaping the Risk Distribution
Repo rate, etc. Examples: Daily, monthly, or dynamic Maximum Leverage Examples: 150% Base Index ... Volatility Daily Risk Control 5% Index S&P 500 Dynamic VEQTOR Index S&P 500 Managed Risk 2.0 Index CBOE ...- Authors: Charles L Gilbert, Laurie-Anne Davison, Naoya Kobayashi
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Finance & Investments; Finance & Investments>Portfolio management - Finance & Investments; Life Insurance; Life Insurance>Reserves - Life Insurance
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Session 174: R 101: Available Actuarial Packages & Creating Reproducible Actuarial Analyses
Session 174: R 101: Available Actuarial Packages & Creating Reproducible Actuarial Analyses The session ... flexible deployment of aggregate data – think dynamic Excel Pivot Tables Output R resources4 ...- Authors: Nicholas Hanewinckel, Matthew Zhang, Hadrien Dykiel, Ron Curran
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Experience Studies & Data; Experience Studies & Data>Mortality; Modeling & Statistical Methods
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Session 172: Asset Management Technology for Insurance and Pension Applications
Session 172: Asset Management Technology for Insurance and Pension Applications The management ... Reserves AG-43/VM-21 for the CTE calculation with dynamic hedging ALM (IF only) IFRS 17 (IF only) ...- Authors: Daniel B Finn, Ruth Moore, Society of Actuaries, Matthew Covalle
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management; Enterprise Risk Management>Capital management - ERM; Finance & Investments; Finance & Investments>Investment strategy - Finance & Investments
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Systemic Risk in China's Insurance Industry (English)
large number of financial institutions, based on a dynamic hazard rate model with macroeconomic covariates ... autoregressive conditionally heteroskedasticity-dynamic conditional correlation) model (Engle, 2002, 2009) ...- Authors: Lin Zhang
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management
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Systemic Risk in China's Insurance Industry (Chinese)
Systemic Risk in China's Insurance Industry (Chinese) This report looks at identifying ... Princeton University Press, 2009. [32] Engle R F. Dynamic Conditional Correlation - A Simple Class of Multivariate ...- Authors: Lin Zhang
- Date: Mar 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Enterprise Risk Management
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International Section, Issue January 2020
International Section, Issue January 2020 Read the January 2020 issue of International News published ... allow for: • Improvements in mortality • The dynamic between the demographic variables and their impact ...- Authors: Society of Actuaries
- Date: Feb 2020
- Competency: Communication; External Forces & Industry Knowledge; Leadership; Professional Values; Relationship Management; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: International News
- Topics: Actuarial Profession; Global Perspectives
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Session 113: Mortality Gaps by Socioeconomic Status
Session 113: Mortality Gaps by Socioeconomic Status The presenters will highlight differences in mortality ... tools and user interface 17© Oliver Wyman Dynamic validation vs MP-2018 Data follows general trend ...- Authors: Steven Baxter, Mark Spong, Donald Sampson
- Date: Feb 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Experience Studies & Data; Experience Studies & Data>Mortality; Experience Studies & Data>Table construction
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Session 044: Incorporating Predictive Analytics in the Insurance Value Chain
Static: demographic, policy features, etc. Dynamic: disbursements, account transfers, service interactions ... Metamodeling for Variable Annuities Dynamic hedging Dynamic hedging is a popular approach to mitigate ...- Authors: Adnan Haque, Emiliano Valdez
- Date: Jan 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Technology & Applications; Technology & Applications>Analytics and informatics
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Session 068: Munich Re Session Series Part 3: Voluntary Insurance and the Changing Workplace: Practical Approaches to Identifying New Opportunities
Session 068: Munich Re Session Series Part 3: Voluntary Insurance and the Changing Workplace: ... challenged to change to keep up with the new workplace dynamic. The presenters share strategies for developing ...- Authors: William Bade, Dawn McMaster, Bill Rowell
- Date: Jan 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Technology & Applications; Technology & Applications>Gig economy
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Session 041: Why Health and Wellness Initiatives Matter for Actuaries
data about our policyholders post-issue enables dynamic premiums based on Vitality status earned each ... and young Reward, gamification, community Dynamic UW Post-issue ongoing UW Liver cancer protection ...- Authors: Lauren Cross, Richard Pretty, Dustin Yoder, Mandy Luo
- Date: Jan 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Experience Studies & Data; Experience Studies & Data>Mortality; Technology & Applications>Wearables & implants
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Session 027: Managing Risk for Underfunded Pension Plan
Session 027: Managing Risk for Underfunded Pension Plan Legislative changes and the economic ... understand and manage pension risk and volatility. Dynamic asset allocation glidepaths reduce risk as plans ...- Authors: Kathleen Brolly, Christopher Wittemann, Chad Keuneke
- Date: Jan 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Pensions & Retirement; Pensions & Retirement>Pension investments & asset liability management; Pensions & Retirement>Risk management
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Python Libraries for Mortality Modeling
Python Libraries for Mortality Modeling Python is the leading programming language for data ... probability of censoring weights and cumulative/dynamic Area Under Curve for right-censored time-to-event ...- Authors: Carlos Brioso
- Date: Nov 2019
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuary of the Future
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Data mining; Modeling & Statistical Methods>Regression analysis; Predictive Analytics; Predictive Analytics>Programming languages & tools
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The Modeling Platform, Issue 10, November 2019
ther processing within the same model, such as dynamic lapses or experience mortality, it would be appropriate ... etc.) which have complex interactions (consider dynamic lapse assumptions driven by market performance) ...- Authors: Society of Actuaries
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Scenario generation; Modeling & Statistical Methods>Stochastic models
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Economic Scenario Generators, Part I: Motivation for Stochastic Modeling
etc.) which have complex interactions (consider dynamic lapse assumptions driven by market performance) ... strong path dependency. This may be exacerbated by dynamic modeling techniques that tie deci- sions to market ...- Authors: Dean Kerr, Matthew Zhang, Rahat Jain
- Date: Nov 2019
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Modeling & Statistical Methods; Modeling & Statistical Methods>Scenario generation; Modeling & Statistical Methods>Stochastic models
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Dynamic Index Market Overview
Dynamic Index Market Overview Representing a large indexed annuity writer, the speakers will discuss ...- Authors: Brandon Igyarto
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities
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VA Reform – Implications on ALM
VA Reform – Implications on ALM The NAIC has adopted revised VM-21 and AG43 for variable annuities, ... guarantees• Typically a two-Greek or three-Greek dynamic replication program 2 Partial economic • Similar ...- Authors: Peter Tian
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities
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From Theory to Practice: FIA Index Crediting Hedging
From Theory to Practice: FIA Index Crediting Hedging Representing a large indexed annuity ... Purchasing static options from a counterparty and/or 2. Dynamic hedging of underlying exposures 5 Focus of this ...- Authors: Alexander B Hookway
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities
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Lessons Learned – A Risk Perspective
benefit value. • Natural hedge instruments. • Dynamic hedging is highly effective. GLWB • Equity-contingent ... hedge instruments. • Convexity and cross limit dynamic hedge effectiveness. Lesson 3 Complex products ...- Authors: Daniel D Heyer
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Equity-indexed annuities; Annuities>Fixed annuities; Annuities>Variable annuities; Pensions & Retirement>Risk management
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Policyholder Behavior Experience Data and Modeling
interactions with capital markets risks • Complex and dynamic data • Data sparsity, especially at the company ... channels, option values, rationality, static vs dynamic Required sensitivity testing, with margins inversely ...- Authors: Timothy S Paris
- Date: Nov 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Annuities>Capital - Annuities; Annuities>Fixed annuities; Annuities>Individual annuities; Annuities>Variable annuities; Pensions & Retirement>Risk management; Annuities>Deferred annuities
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Dynamic v. Static Replication
Dynamic v. Static Replication The speakers will discuss the replication of long-term options, including ...- Authors: Joshua Dobiac, Jeff Greco, Hyunsu Kim FSA,MAAA (Hyunsu)
- Date: Oct 2019
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Annuities; Enterprise Risk Management