Description: Realizing the impact of medical errors on the U.S. health care system, the Health Section commissioned a research project to measure the annual frequency of medical errors and their total measurable direct and indirect cost to the economy.

Description: In physics and engineering education, Fermi problems require solutions based on good approximate calculations with little or no actual data, involving making justified guesses and deducing bounds without using sophisticated tools. The idea of Fermi problems are of particular relevance to today's actuaries, as pricing, reserving, and financial reporting involve more and more complex stochastic components. The paper discusses some approximate solutions developed in academia in the spirit of Fermi problems.

Description: Chapter 1 presents the background to the current study, followed by the methodology used, and a summary of the findings of the study. From Group Medical Insurance Large Claims Database Collection and Analysis, M-HB97-1.

Description: This newsletter column by the Modeling Section Chair reflects on his attendance at the 2015 Actuarial Research Conference in Toronto and the relationships between practicing actuaries in industry and those in academia, and specifically those involved in research. How can we help promote academics research that is effective and relevant for practical use? Hopefully the Modeling Section might facilitate that effort.

Description: Full issue of Expanding Horizons, Issue 47 October 2013.

Description: This article summarizes the Actuarial Education Session at the Joint Mathematics Meeting.