This paper presents the results of a pilot survey of recent graduates of some Australian university actuarial programs. The survey aimed to shed light on graduates' views relating to their education since leaving university. The survey that we report on here has been designed as a pilot to...

The Human Genome project generates immense interest in the scientific community though there are also important issues for the business community, particularly insurance companies. The dramatic advances in our understanding of the human genetic code, or human genome, affect our understanding of...

We present a real data set of claims amounts where costs related to damage are recorded separately from those related to medical expenses. Only claims with positive costs are considered here. Two approaches to density estimation are presented: a classical parametric and a semi-parametric method,...

In this paper, we present a Markov chain Monte Carlo (MCMC) simulation algorithm for estimating parameters in the kernel density estimation of bivariate insurance claim data via transformations. Our data set consists of two types of auto insurance claim costs and exhibit a high-level of skewness...

We present a real data set of claims amounts where costs related to damage are recorded separately from those related to medical expenses. Only claims with positive costs are considered here. Two approaches to density estimation are presented: a classical parametric and a semi-parametric method,...

This paper investigates individuals' investment behaviour in their retirement savings surrounding milestone birthday ages. Age is expected to play a key role in influencing investment choices, primarily through the risk of the investment strategy reflected in the asset allocation. Less clear is...

This paper presents an analysis of motor vehicle insurance claims relating to vehicle damage and to associated medical expenses. We use univariate severity distributions estimated with parametric and non-parametric methods. The methods are implemented using the statistical package R. Parametric...

Sensitivity analysis, or so-called 'stress-testing', has long been part of the actuarial contribution to pricing, reserving and management of capital levels in both life and non-life assurance. Recent developments in the area of derivatives pricing have seen the application of adjoint methods to...

Moral hazard risk in insurance describes the possibility of fraudulent policyholder behaviour, resulting in losses which are hard to predict and quantify. For disability income insurance (DII), moral hazard may be exacerbated during periods of high unemployment. In this paper, we first propose a...