Description: Global financial crises like the one recently experienced, affected both large and small institutions.Today, when there is heightened need for enhanced risk management tools, some entities are unable to employ sophisticated mechanisms due to limited data availability. Moreover, from the Basel Committee on Banking Supervision’s point of view via Basel II and Basel III, the internal ratings- based (IRB) approach requires that institutions have some reliable estimates of default probabilities of default for each rating grade. Taking the work of previous researches a step further, this paper intends to propose a new dynamic mechanism to for the risk management industry for to calculateing probabilities of default (PD). Through these estimates for the core model, we generate implied probability of default (PD) through actuarial estimation tools and different probability distributions. This mechanism is specialized to work best for low- defa ult portfolios (LDPs). Furthermore, scenario testing is adopted to validate the model against any model- specific bias

Description: This paper considers a dependent classical risk model with diffusion, in which the premium rate is determined by the amount of the previous claim. From the Actuarial Research Clearing House, 2008, Vol.1.

Description: This is an abstract article about racial disparities in healthcare by Paul Johnson.

Description: This is an abstract article about equity release mechanisms by Siu Hang Li, Mary Hardy and Ken Seng Tan. ARCH 2008, Issue 1.

Description: This abstract is for a paper that develops a class of robust estimators for the credibility premium when claims are approximately gamma-distributed, and thoroughly studies their robustness-efficiency trade-offs in large and small samples.

Description: This is an abstract for research that uses change-points to calibrate a regime-switching, scenario generator for the total return of the S&P 500.

Description: What is the 'best' post-retirement financial strategy for a particular participant of a defined contribution plan? The answer to this question must accommodate a number of risks, the most obvious of which are related to longevity, inflation, investment, and health. Moreover, what makes this question especially intriguing is that its solution must be molded to the wealth, features and agenda of a particular individual and/or family. Many of the constraints and goals are qualitative, and standard market and population metrics may have limited significance. This is the abstract of a paper that deals with implementation issues, qualitative goals and constraints, and tailor-made solutions.

Description: This is the abstract of the research on the importance of dispersion modeling for claims reversing: application of the double GLM theory presented at the actuarial research conference.

Description: This is the abstract for the research on robust and efficient fitting of claim severity distributions.

Description: This is the abstract for the reseach on the actuarial CTE risk measure for heavytailed losses: a new estimator and confidence intervals.c