Technical Skills & Analytical Problem Solving
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Quantum Actuarial: Part 2—The Prelude of the Harmonic Oscillator
In this part of the article, we will delve deeper into the complexities introduced by external influences, extending our discussion to the quantum anharmonic oscillator model. We will analyze how different types of external forces—constant, linear, and nonlinear—affect the probability distribution functions, drawing parallels with the external factors influencing medical costs and interest rates in the insurance industry. -
Introduction to Bermuda SBA Modeling - Part 2
In this article, we continue to discuss the modeling considerations for Bermuda SBA BEL calculations. -
Quantum Actuarial: Part 1—The Prelude of the Harmonic Oscillator
The quantum harmonic oscillator model, with its rigorous mathematical framework, delineates the statistical probabilities of microscopic particle behavior. When this theory extends into actuarial science, it heralds the potential for interdisciplinary research to achieve effective integration of theoretical innovation and practical application, thereby opening new avenues for research and practice. This study focuses on the innovative connection between the probabilistic properties of the quantum harmonic oscillator and actuarial practice, aiming to dissect how this quantum model reshapes the understanding of actuarial risk assessment and cost distribution. The core of the discussion lies in revealing the intrinsic mechanisms of the quantum harmonic oscillator wave function and its mapping within the actuarial framework, providing an in-depth analysis of innovative perspectives on insurance cost assessment and interest rate patterns. This interdisciplinary research exploration not only tests the theoretical feasibility at the intersection of quantum mechanics and actuarial science but also deeply analyzes the inherent uncertainty in the financial system. With the oscillatory rhythm of the harmonic oscillator, this article anticipates the opening of a new chapter in actuarial science, seeking the actuarial wisdom hidden within the quantum fluctuations. -
Introduction to Bermuda SBA Modeling: Part 1
With this article, we provide an overview of the EBS financial reporting requirements with a focus on the considerations specific to scenario-based approach (SBA) models. -
Quantum Actuary：Reshaping Insurance Cognition
This article will mainly explore the quantum characteristics in some insurance phenomena. By using the quantum theory, this article will aim to revolutionize traditional insurance thinking, reshape the insurance cognition, and explore the new paths for modern actuarial science. -
Comparison of Risk Adjustment Programs—California Medicaid Managed Care Versus CMS Medicare Advantage, PART II
Risk Adjustment (RA) is a key component for CMS Medicare Advantage program and California Medicaid Managed Care program. While both RA programs follow generally accepted basic principles, their underlying methodologies and assumptions are quite different. Due to recent events, such as COVID-19 Public Health Emergency and Medicaid redetermination delay and restart, it adds complexity to Risk Adjustment. This is a hot topic in the industry and has significant impact to health plans. Keeping current with Risk Adjustment program changes and understanding the commonalities and differences of these two government Risk Adjustment programs is important to our health actuaries. This article compares and contracts these two risk adjustment programs’ methodology and assumptions as well as special considerations due to serving different populations. This is Part II of the two articles on this topic. -
Comparison of Risk Adjustment Programs—California Medicaid Managed Care Versus CMS Medicare Advantage, PART I
Risk Adjustment (RA) is a key component for CMS Medicare Advantage program and California Medicaid Managed Care program. While both RA programs follow generally accepted basic principles, their underlying methodologies and assumptions are quite different. Recent events, such as COVID-19 Public Health Emergency and Medicaid redetermination delay and restart, have added complexity to Risk Adjustment. This is a hot topic in the industry and has significant impact to health plans. Keeping current with Risk Adjustment program changes and understanding the commonalities and differences of these two government Risk Adjustment programs is important to our health actuaries. This article compares and contrasts these two risk adjustment programs’ methodology and assumptions as well as special considerations due to serving different populations. -
Emerging Topics Community Update
The article contains a description of the Emerging Topics Community. The focus of the article is what is a community, what makes the Emerging Topics Community special, and benefits of the Community. Included after the discussion on the community are ways to get involved and be a part of the community. -
Meet Hybrid Data: A Blend of Alternative and Traditional Data. A Case Study to Construct an Improved Inflation Index
In the following article, I introduce the concept of “hybrid data,” a combination of alternative and traditional data, which I illustrate through an example on inflation, to be of better value than considering purely a traditional data or alternative data source alone. We present a case where we use alternative data from Zillow, to improve upon the Consumer Price Index (CPI), and thus create an index that is more pertinent to consumers and investors alike. -
Reproducible Research
This article summarizes use of programming collaboration tools and source and version control (SVC) to make research products reproducible.
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