I recently finished economist Frank H. Knight’s 1921 book, “Risk, Uncertainty, and Profit.” Even though it was written more than a century ago, its re…
Given the news coverage of the Affordable Care Act (ACA) and ACA premium subsidies of late, you may have found yourself wondering, “How do ACA coverag…
Humans have long sought to understand death, whether caused by natural factors such as aging or disease, or by unnatural events such as accidents or w…
As a corporate actuary for a Canadian life insurer, I focused my attention on topics such as IFRS 17, Financial Condition Testing and ORSA. Now retire…
The language of uncertainty permeates our lives. Whether a starting athlete is listed as questionable to play in the weekend game, or snow is likely i…
The Actuary’s “Terminology” series, developed in collaboration with the SOA Research Institute’s Catastrophe and Climate Research Steering Committee,…
Why is modeling policyholder behavior so damn hard, and what can we do about it? A bit of background on why I’m asking this. I recently had the privil…