Tuesday 27 June 2017

Extending Falling Mortality Rates

1. It is a natural law that the historic longevity trend will continue into the future. 

2. Every stochastic mortality forecast model extrapolates the observed evolution of falling mortality rates.

3. What does it take to continue this trend? 


Monday 19 June 2017

Understanding and Managing Anti Selection

One of the greatest threats facing life insurers is anti-selection (also called adverse selection or negative selection). Anti-selection occurs when an underwriting information deficit allows a higher-risk group (such as smokers) to purchase life or health insurance at the same price a lower-risk group (non-smokers)

Saturday 10 June 2017

Surety Insurance - Pricing, Reserving and Frameworks

1. Surety is a promise by a surety (the obligor or insurer) to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

2. They’re mistaken for insurance because they often involve payment when things don’t go as planned.

Tuesday 6 June 2017

Automating the Supply Chain with Robotics

1. Process robotics works by automating the entire supply chain from end to end—not just individual tasks—enabling all different sections to be managed in tandem. 

2. The adoption of software robotics allows professionals to focus less time on day-to-day processes and, instead, provides more time to drive value for the entire business.