Description: This paper demonstrates that extreme value theory (EVT) can be used as a tool to model policyholder behavior in the extreme tail. This paper applies EVT to the study of variable annuity dynamic lapse behavior in the extreme tail. It illustrates a process whereby a company can fully model policyholder behavior, including the extreme tail, with existing data. No judgment about the extremal behavior is necessary.

Description: How insurers can build trust with the customers, particularly in the context of micro-insurance.

Description: An in-depth look at how actuarial skills and competencies picked up in the field can be applied to topics that aren't traditionally actuarial - with this article focusing on card counting in the casino game blackjack.

Description: David shares his thoughts on using Microsoft's High Performance Computing Server, or HPCS, to cluster computer resources, improve timely performance, and reduce actuarial modeling costs.

Description: Importance of bringing the DevOps mechanism in order to reduce the operational risks and to create a stable audit compliance practice in Actuarial world.

Description: The paper summarizes results from two doctoral dissertations. The first discusses integration of insurance products with investment products to mitigate the risk of outliving one’s assets. The second discusses modeling and pricing for the longevity risk in the secondary market in insurance, including a provision for adverse deviation PAD.

Description: This is a presentation from the Actuarial Research Conference in August 2006 in Montreal. It is on Bayesian Inference Resistant to Outliers. Presented by Alain Desgagne.

Description: When people retire, purchasing the annuity insurances using their retirement fund is one way against the longevity risk. However, it has some shortcoming- the annual payment may be insufficient for daily life consumption and can’t be adjusted for any urgent need [liquidity risk]. This is the abstract of a paper that investigates the adequate annuitization timing and optimal asset allocation under different investment strategies that can be found according to a time-series of safety level as a utility function for a retiree.