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 day, […]

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.” What does it mean for the actuarial profession? “The next technological breakthrough will integrate with Python first.” That was one of the key points I made at the SOA ValAct conference session on actuarial modernization. In that presentation, I argued that being just an actuary is […]