Description: This research report examines the potential implications of the risk mitigation programs – risk adjustment, reinsurance, and risk corridors – established under The Patient Protection and Affordable Care Act.

Description: The Spatial Hazards Events and Losses Database for the United States (SHELDUS) provides county-level data for direct economic losses due to natural hazards from 1960 to the present.

Description: Review the fall 2016 exam GHC Canada case study.

Description: A discussion about change. Change is constant and will continue—some of it predictable; some of it not. Knowledge is the best tool for understanding change, and this publication is a great forum for allowing the best and brightest to share.

Description: This is a 2006 draft of SOA Accreditation of Academic Actuarial Science Programs that was offered for review and comments. From Actuarial Research Clearing House, 2006.

Description: In 1995, Mexico replaced the public pay-as-you-go system by a privately managed system based on individual accounts. This paper analyzes the causes that made necessary the reform of the old Mexican pay-as-you-go pension system. A description of the modifications and current situation of the pension system also are discussed. The paper concludes that although the pension system has been modified during the last few years, there are still some weaknesses that have to be corrected to provide an appropriate retirement benefit to workers.

Description: This paper employs the theory of real option pricing to address problems in the area of operational risk management. Particularly, it develops a two-stage model to help firms determine the optimal triggers in the event of an influenza pandemic. The first stage proposes a regime-dependent epidemic model to simulate the spread of the virus, depending on whether the firm is active or inactive. The second stage views the reactivation decision as a call option and the suspension decision as a put option, and uses dynamic programming method to determine the optimal switching thresholds.

Description: For insurance companies, modeling the future values of assets and their interactions is useful for setting up asset strategies and managing reserves for liabilities. This paper evaluates the ability of Wilkie’s stochastic investment models to predict Toronto Stock Exchange [TSX] price index yield. In the Wilkie Model, correlated econometric indices are modeled through a cascade structure.

Description: This presentation discusses a process for determining the minimum reinsurance retention level consistent with defined parameters. The conclusions reached were: 1. Under PDS dependence, optimal reinsurance strategy is multivariate stop loss form. 2. Explicit solutions could be derived in certain bivariate model. 3. Binding and unbinding constraints are equivalent. From Actuarial Research Clearing House, 2012, Vol. 1.

Description: This is a presentation on computing tight bounds for insurance payments with nonlinear risk. Semi-definite Programming is defined, some examples are presented, and non-linear applications are presented. From Actuarial Research Clearing House, 2012, Vol.1.