Description: This abstract describes a paper that investigates the foundation of insurance in the Bayesian setup.

Description: This abstract describes a paper that focuses on the tail probability of the aggregate risk amount.

Description: This abstract describes research that provides an alternative approach for establishing insurance premiums which takes into account the dependence between the claim frequency and severity.

Description: This abstract describes a paper in which two different simulation studies are made for dynamic financial analysis.

Description: The Defined Benefit 'DB' underpin Defined Contribution hybrid pension plan offers an attractive combination of benefit security and upside potential for pension plan members, and offers cost containment for employers, whilst still ensuring the provision of adequate equitable benefits. The DB underpin guarantee is valued and hedged as a financial option within the traditional funding paradigms of actuarial science. However, the average monthly hedging costs are time dependent and can be unstable when employees are close to retirement. This is the abstract of a paper that proposes some cost control approaches to reduce the volatility of the hedging cost.

Description: Development of annuities markets is a critical element of any private system. In Mexico, when the new pension regimen came into existence in 1997, the Mexican Institute of Social Security [IMSS] was supposed to buy a single premium annuity for all the people who become eligible under the new regime. Disability pensions represent 37% of total pensions sold up to date. Mortality of disables show substantial differences against the mortality table use to compute the annuity. Most of the differences can be explained by looking at the disability causes. Using information for social security for 2001 and 2002, regarding mortality and disability, this is the abstract of a paper that presents the main causes of disability among disables and the main causes of mortality of those disables who died in their first and second year of disability. The analysis of those cases apart from explaining the important differences between the expected mortality and the observed mortality during the first two years of disability, also explains some of the latter changes in the operational rules of IMSS.

Description: This is the abstract of a paper that addresses the question of how an employer can offer phased retirement in such a way that, indeed, employees work longer before fully retiring.

Description: This is an abstract for Monte Carlo calculations illustrating the characteristics of a regime-switching stochastic model with randomized regime parameters.

Description: This is an abstract for research that extends the ideas of C. A. Ball, W. N. Torous and P. M. Lindholdt to the problem of estimating covariance of two geometric Brownian motions, on the basis of the high, low and closing values for each.

Description: This is the abstract for the presentation on the distribution of the total dividend payments in the MAP risk model with multi-threshold dividend strategy.