Description: Basic feature engineering uses input data to create dummy variables, log transforms, and other single-value transformations. This talk builds upon these univariate transformations and presents several strategies for creating complex multivariate features that can enhance your model's lift. Topics such as target encoding, dimension reduction/projection, row/column, and other feature engineering topics will be covered.

Description: Risk management techniques such as stress testing and setting capital targets are fairly well established for life insurers; however, the implementation of these techniques can vary considerably. A fundamental question is how to manage multiple valuation perspectives, and the list of possibilities keeps growing. Companies can potentially consider some or all of the following: U.S. reporting measures (Stat, GAAP), internal measures (EV, VNB, economic capital), international reporting measures (IFRS), rating agency models or other developing standards (ICS, NAIC group capital). This session will begin with a quick overview of the defining characteristics of different valuation frameworks. We will then provide more focused and practical considerations for managing risk and capital under different frameworks, using specific examples to highlight key trade offs.

Description: Data is an essential component of financial analysis. In this session, the presenters will discuss data governance/management framework and how it can be applied to US GAAP LDTI and VM-51 regulations. This session will also discuss the important relationship between actuaries and IT and how they can work together towards best practices for extracting, managing and using data needed for various actuarial models. Real life case studies relevant for valuation actuaries (e.g. data needs for LDTI and VM-51) will also be presented and examined, highlighting best practices as well as challenges and pitfalls for setting up and governing data processes along with areas for where good communication and strong relationships are important to success.

Description: This speech shares the practical experience of platform construction in the actuarial practice work of Ping An People Life, at the same time, shares the development mode of the actuarial system combining online and offline, and summarizes and expounds the advantages and disadvantages of this mode.

Description: This is the Introductory Study Note for the Society of Actuaries Retirement Benefits-CSP, Canada examination for Spring 2012 that will be given on Friday, April 27th, from 8:30 a.m.–11:45a.m. and 1:30p.m.–4:45 p.m.

Description: US GAAP for Life Insurers chapter 13 spreadsheets showing the development of the GAAP accounting entries for various classes of investments: bonds, CMOs, and mortgage loans. Please see the book US GAAP for Life Insurers for further information on US GAAP accounting.

Description: US GAAP for Life Insurers chapter 17 spreadsheets showing various examples of GAAP for reinsurance transactions. Examples shown include reinsurance for disability insurance, YRT, Modco and coinsurance on a 10 year endowment reinsurance on Universal Life. Also shown is an example for DIG36, Total Return Swap with Floating Return Leg. Please see the book US GAAP for Life Insurers for further details on US GAAP accounting.

Description: US GAAP for Life Insurers chapter 18 spreadsheet showing calculations of estimated gross margins before and after reorganization. Please see the book US GAAP for Life Insurers for further details on US GAAP accounting.

Description: This project shows how to use agent-based models to simulate the behaviors of agents in complex health systems.

Description: This project shows how to use agent-based models to simulate the behaviors of agents in complex health systems.