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INSIGHTS ON DEMAND
PAST LIVE STREAMS AND PRESENTATIONS
STORM 18: Life Insurance Risk
STORM 18 (presented 6/4/25) is the second of two insurance risk talks. It is the last talk of Season 1 of STORM. This presentation focuses on life insurance risk, the longer-term complement to STORM 17. it begins with defining the basic term and whole life insurance types. The first topic to be modeled is survival, and conditional life expectancies (lifetimes). The second topic is mortality and the (marginal) force of mortality. To conclude the talk, equity-linked life insurance, advanced mortality models, and life settlements are discussed.
STORM 17: Non-Life (P&C) Insurance Risk
STORM 17 (presented 5/21/25) is the first of two insurance risk talks. It focuses on non-life insurance, i.e. property and casualty and related short/medium term considerations. It discusses insurance premium pricing using utility theory, previously introduced in STORM 13. It then covers mixed probability distributions to model claims. A later section discusses the fundamental concepts in ruin theory. The talk concludes with a treatment of insurer tail risk with metrics such as VaR and Expected Shortfall.
STORM 16: Loan Risk (CECL and IFRS 9)
STORM 16 (presented 5/14/25) is about new accounting standards for lenders. It reviews the former ALLL framework, and then moves on to new FASB and IASB methodologies. Loan losses are covered both in frequentist and Bayesian approaches. After explaining that there is no generally accepted definition of default, the talk goes on to discuss the challenges in computing PD. The talk concludes with a discussion of five recent academic papers.