Description: An excerpt from a presentation at the 2014 Living to 100 Symposium, this article describes an open-source model for use by actuaries attempting to estimate future health benefit costs, discusses its strengths and limitations, and projects that spending for those age over 65 will take more than $13 trillion by 2055, about 50 percent of total medical expenditures.

Description: An approach to quantify medical intervention savings when medical claims data is not available by leveraging overlapping measurement techniques.

Description: Feature article providing an in-depth look at using genetic algorithms.

Description: This paper by John Mereu describes a method for mathematically computing the expected loss under a group life contract in excess of a stated limit. The paper also shows how to compute the variance and standard deviation of the stop-loss claim and suggests how the method can be extended to group insurance benefits where the claim amount per certificate is not fixed. Paper is followed by discussions from several people

Description: This paper will investigate the problem in estimating mortality rates using data obtained from insurance company records.

Description: European insurance regulation pretends to capture and rely on the 1-year 1-in-200 VaR. But there cannot exist any scientific calibration of such measure. Why?

Description: This article describes a method that can be useful when re-fitting a risk score model to a population of only moderate size. Learn how to use concepts like ridge regression to train a model with partial credibility.

Description: Incorporating Pended Claims in Medical IBNR Estimates. Issue No. 45.