Description: The momentum in value-based care has produced an opportunity for actuaries to become pioneers in health care

Description: An introductory article describing how Bayesian statistics has evolved over the past 20 years and why it offers the actuarial discipline powerful tools to better understand and manage risk. Compared with traditional (frequentist) and black-box (machine learning) approaches, Bayesian analysis provides explainable models focused on distributions of estimates instad of simply point estimates.

Description: With coinsurance of an existing block of long-duration insurance contracts, there may be existing reinsurance that remains in force. The new coinsurance is typically net of such “inuring reinsurance.” In this article, we look at approaches that the new reinsurer might apply to account for the effects of inuring reinsurance.

Description: Regression to the mean is a phenomenon that arises when comparing sequential data points. It states that when an initial observation is extreme or an outlier, future observations will be closer to the average. Health care actuaries need to understand and be able to mitigate the effects of regression to the mean to avoid misapplying predictive models or misstating measurements of historical effects.

Description: This article discusses the publication of the “Encyclopedia of Quantitative Risk Assessment”

Description: CARVM Reserves for Variable Annuities with Guaranteed Living Benefits by James W. Lamson from The Financial Reporter, June 2000, Issue No. 42.

Description: Discusses the RAND function in Excel and alternatives for generating random numbers.

Description: Comments from the departing chairperson of the Technology Section. Highlights and initiatives of the current and coming year are discussed.

Description: This article is the second in a four-part series about eliminating the confusion with using data terminology. Part one discussed data governance. This second part will discuss data analysis and database management.

Description: A description of how IoT can benefit life insurance companies.