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He was the lead editor of the handbook Hidden Markov Models in Finance, published by Springer. [3] [4] In 2010, he and two co-authors won the Society of Actuaries Award for the Best Paper published in the North American Actuarial Journal. [5]
Print/export Download as PDF; Printable version; In other projects ... Douglas Hubbard is a management consultant, speaker, and author in decision sciences and ...
Another example is the use of actuarial models to assess the risk of sex offense recidivism. Actuarial models and associated tables, such as the MnSOST-R, Static-99, and SORAG, have been used since the late 1990s to determine the likelihood that a sex offender will re-offend and thus whether he or she should be institutionalized or set free. [9]
Asset and liability management (often abbreviated ALM) is the term covering tools and techniques used by a bank or other corporate to minimise exposure to market risk and liquidity risk through holding the optimum combination of assets and liabilities. [1]
The following outline is provided as an overview of and topical guide to actuarial science: Actuarial science – discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries.
While Halley actually predated much of what is now considered the start of the actuarial profession, he was the first to rigorously calculate premiums for a life insurance policy mathematically and statistically [38] James C. Hickman (1927–2006) American actuarial educator, researcher, and author [71] Oswald Jacoby (1902–1984)
Actuarial notation is a shorthand method to allow actuaries to record mathematical formulas that deal with interest rates and life tables. Traditional notation uses a halo system , where symbols are placed as superscript or subscript before or after the main letter.
The Casualty Actuarial Society (CAS) is a leading international professional society of actuaries, based in North America, and specializing in property and casualty insurance. [ 3 ] The two levels of CAS membership are Associate (ACAS) and Fellow (FCAS).