Description: LOMA has published two additional reports on EDP Software and Services. Reports Nos. 14 and 15 in this series were reviewed in The Actuary of September 1972

Description: This article explains how to create more maintainable models using abstractions by relating it to option, machine learning and machine intelligence models.

Description: A new wave of life insurance buyers is finally here - but are we ready? In this article, Richard De Sousa shares proprietary research about the Millenial generation, its beliefs related to life insurance, and its preferences when it comes to learning about, purchasing, and engaging with life insurance products, advisors and companies. Also explored is the foundational role that technology and wellness play in driving the kind of experience that will attract millenial buyers. After reading this article, you will better understand the characteristics of this new generation as well as the innovative companies that are targeting them, and learn about different and novel ways to better engage with customers and enhance the value of your own products and services.

Description: Feature article describing how to be efficient with common computer programs.

Description: With the decline in traditional defined benefit plans, cutbacks in Social Security already legislated, and further ones possibly needed to maintain solvency, retirees increasingly must rely on their own ability to manage their retirement income. Relatively few retirees purchase annuities, leaving them with investment and distribution decisions concerning their accumulated savings. Increasing life expectancy and improved health at older ages raise the issue of whether people should consider postponing retirement as a way of assuring adequate resources during retirement. During retirement, they face complex issues concerning how to manage various risks. Increasingly, people planning for retirement have access to financial planning software, much of it available over the internet for free. This study, sponsored by the Society of Actuaries and the Actuarial Foundation, assesses the extent to which the retirement planning programs analyzed help users understand post-retirement risks.

Description: Overview of the session “Analytics You Should Know, but Don’t” which took place at the 2007 SOA Annual Meeting in which R, an open source language for statistical computing, was discussed.

Description: Discusses preparations needed, and risks of not preparing, for the Year 2000.