Description: This paper introduces and illustrates a new version of the Monte Carlo method that has attractive properties for the numerical valuation of derivatives. Quasi-Monte Carlo methods use deterministic sequences that are quasi-random sequences that result in better convergence and deterministic error bounds.

Description: This paper uses a simple example to examine the relationship between the pricing objective of ROI and the corporate profit measure of ROE. Additionally, this paper examines the effect on ROI and ROE of growth in the amount of new business. From Product Development Section Monograph, M-AS99-3.

Description: Python is the leading programming language for data science. Python programming is one skill that actuaries should acquire. It facilitates analytic work, and the available visualization tools help to communicate ideas. In this article, I use a traditional actuarial problem, mortality modeling, as an example.

Description: Call for reviews and articles on software programs.

Description: Feature article describing the latest technological advances and web sites for use by actuaries.

Description: Feature article describing how to be efficient with common computer programs.

Description: Report on the EuSpRIG Annual Meeting last July in Paris, which focused on modeling.

Description: Discusses the RAND function in Excel and alternatives for generating random numbers.

Description: Comments from the departing chairperson of the Technology Section. Highlights and initiatives of the current and coming year are discussed.

Description: This article is the second in a four-part series about eliminating the confusion with using data terminology. Part one discussed data governance. This second part will discuss data analysis and database management.