Description: This is the abstract of a paper that presents an iterative procedure for computing the lower approximation of the Snell envelope - a value process of the American option. The method produces an increasing sequence of approximations of the Snell envelope from below, which coincide with the Snell envelope in discrete time after finite steps. Advantages of this method compared with other well-known traditional approaches are discussed first. Then, elaborate algorithm details associated with theoretical proofs are discussed. An example of constructing the lower approximation is available with numerical results, which are demonstrated in figures. Some characteristics of the implementation in the computational environment and an improvement are mentioned at the end.

Description: This paper discusses a natural and convenient statistic, the nested L-statistic, investigates its performance using a simulation study, and considers an example involving the comparison of risk measure values where the risks of interest are those associated with tornado damage in different time periods and different regions. From the Actuarial Research Clearing House, 2008, Vol.1.

Description: This is an abstract article about the Bayesian two-part model by Margie Rosenburg. ARCH 2008, Issue 1.

Description: This is an abstract article on the Cadillac pension plan by Semira Puskar.

Description: This is the abstract for the paper on capital adequacy requirements for life insurers under the Canadian, US and the proposed EU solvency II regulatory frameworks.

Description: This is the abstract for the presentation on copula regression.

Description: This abstract describes a paper that proposes the use of the Co Conditional Tail Expectation 'CoCTE' to measure systemic risk and endogenizes the pro-cyclicality of capital requirements.

Description: This abstract is for a paper on the study of issues and recent extensions of the classical Lee-Carter model for mortality forecasting, and the application of the Lee-Carter model to life insurance mortality models in the Nordic countries.

Description: This abstract is for a paper that proposes an approach to determine the actuarial present value of life contingent events under a stochastic interest rate environment.

Description: This is the abstract for the presentation on pricing mortality-linked securities with dependent lives under the multivariate threshold life table.