Description: The author refers to a separate article in this edition of Risks and Rewards, in which Babbel, Gold and Merrill provide an excellent exposition of three approaches to present-valuing a series of risky cash flows and provide several insights into the way modern finance theory deals with risk. The purpose of this article is to bring these insights to the world of insurance risks and view them in relation to existing actuarial techniques. The author also discusses direct discounting and the actuarial appraisal method and their consistency.

Description: This article is an update, as of March 2019, on Financial Reporting Section sponsored projects in process and those recently completed.

Description: The Society of Actuaries (SOA) Research Institute released an updated report summarizing current issues regarding actuarial technology. In March 2022, for a second time, the SOA Research Institute gathered a panel of insurance industry experts for an update on current actuarial technology topics to help identify directions for future research efforts. This report summarizes their discussions on the Actuarial operating model, technology risk and open-source software.

Description: On November 30, 2021, the SOA Research Institute assembled an industry expert panel to discuss current issues in actuarial technology. Each participant who volunteered to be part of the discussion was selected because of their management-level responsibilities for the application of technology in an actuarial context. The group was diverse in terms of employment, including company actuaries from life, health, and property/casualty backgrounds, as well as consultants from various kinds of firms. This document summarizes the discussion that occurred during the three-hour meeting. To encourage candor during the discussion, participants were assured that this report would not attribute comments to individuals or companies, so no names appear in the body of the report. The names of those who participated are included at the end of the report.

Description: This article discusses the goals set and progress-to-date for creating a standard file format for economic scenario generation.

Description: Full version of The Financial Reporter, Issue No. 65, June 2006.

Description: The article warns against treating the results of a stochastic model with more deference than other actuarial analysis, and describes some hidden risks involved with choice of model and calibration.

Description: This research report analyzes the risk associated with the use of models through the potential for model error.

Description: The Society of Actuaries (SOA) Research Institute released an updated report summarizing current issues regarding actuarial technology. In March 2022, for a second time, the SOA Research Institute gathered a panel of insurance industry experts for an update on current actuarial technology topics to help identify directions for future research efforts. This report summarizes their discussions on the Actuarial operating model, technology risk and open-source software.

Description: Full version of Risks and Rewards Newsletter, February 2001, Issue No. 36.