Up To Code
By David Driscoll
This is the final Up to Code article that I will compose. Because this is my last such essay, I am going to take the liberty of beginning on what, for me, at least, is an uncharacteristically personal note and write about a friend from my youth who died recently and was among the most impressive persons I have ever known.
By Richard Kutikoff
Actuaries love to measure risk. Risk is directly involved in our calculations: Mortality/longevity risk. Morbidity risk. Turnover risk. Investment return risk. Asset/liability mismatch risk. Risk of underprovision for expenses. Risk of bad data. Risk that our models are incorrect.