Modeling efficiency
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The Probability Principle of Group Testing: The Full-Scale Nucleic Acid Testing in Tianjin
On January 9 2022, a full-scale nucleic acid testing in Tianjin was launched. Over 10 millions of people were tested with the results announced within 2 days. The speedy efficiency was partly due to group testing with 10 persons per group. With this background, the aim of this article is to explain the probabilistic principle underlying group testing. To make the expository vivid, some numerical results and figures were provided using R language, a popular software in actuarial science and statistics. -
GAAP Long-Duration Targeted Improvements: Whether Largely a Compliance or Modernization Exercise, the Considerations for the Modeling Actuary are Numerous
This article explores some key challenges facing the modeling actuary related to LDTI implementation and shares associated compliance and modernization considerations. -
Five Surprising Benefits of Actuarial Model Conversion
Actuaries understand the technical benefits of converting their models to a modern actuarial system, such as new capabilities and upgraded technology. This article highlights additional, non-technical benefits that also come with model conversion. These benefits include advancements in attitudes and capacities among the team and across the company.
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