The Quest For The Perfect Reinsurance Price

By Igor Nikitin, ASA, MAAA CEO, Nice Technologies LLC. Based on a true story of Pricing Reinsurance or Similar Risk Transfer Transactions Involving Life Insurance, Annuities, or Long-Duration Health Benefit Plans by the Actuarial Standards Board. Once upon a time in the  Kingdom of Reinsurance Pricing, in a great enterprise castle, lived a Principal. One […]

The next technological breakthrough will integrate with Python first. What does it mean for the actuarial profession?

“The next technological breakthrough will integrate with Python first.” That was one of the key points made at the SOA ValAct conference session on actuarial modernization. In that presentation, it was argued that being just an actuary is no longer enough. The most successful professionals will combine actuarial expertise with one or more complementary disciplines. […]