Connecting business volume and volatility

A key challenge faced by capital modellers is how to appropriately connect changes in premium and reserve volume with the volatility parameters used in capital models. On a theoretical level, we know that volatility typically decreases as volume increases. Despite this, we regularly see modelling processes where the business volumes evolve and the parameters don’t. This article explores why volume and volatility aren’t well joined up and suggests a research-driven formula for quickly adjusting your volatility parameters as volumes change.

Cutting your retirement cloth to fit your pension

Our local tailor has decided to retire. Not something which is usually newsworthy. However, Tarcisio is 88 years old. And he is still not ready to give up work. When interviewed for local TV news, he describes how his “heart is crying” at the thought of giving up work and although his mind is still young, he does not have the strength anymore. Tarcisio is not the only older worker who wants to carry on working.

How everybody wins in a digitized insurance market

The transformative shift to digitization enhances efficiency and collaboration for commercial lines insurance, providing advantages for insurers, brokers and policyholders. Although the insurance industry has been relatively slow to adopt digitization, today we’re seeing brokers, carriers and the organizations they insure, converge in a digital marketplace. When this industry transformation comes to full fruition, we’ll see a level of collaboration — and efficiency and transparency — that we’ve never seen before.

Climate models and investing what is the issue

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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