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Full-Text Articles in Other Statistics and Probability

Valuation And Risk Management Of Some Longevity And P&C Insurance Products, Yixing Zhao Apr 2019

Valuation And Risk Management Of Some Longevity And P&C Insurance Products, Yixing Zhao

Electronic Thesis and Dissertation Repository

Numerous insurance products linked to risky assets have emerged rapidly in the last couple of decades. These products have option-embedded features and typically involve at least two risk factors, namely interest and mortality risks. The need for models to capture risk factors' behaviours accurately is enormous and critical for insurance companies. The primary objective of this thesis is to develop pricing and hedging frameworks for option-embedded longevity products addressing correlated risk factors. Various methods are employed to facilitate the computation of prices and risk measures of longevity products including those with maturity benefits. Furthermore, in order to be prepared for …


An Assessment Of The Performances Of Several Univariate Tests Of Normality, James Olusegun Adefisoye Mar 2015

An Assessment Of The Performances Of Several Univariate Tests Of Normality, James Olusegun Adefisoye

FIU Electronic Theses and Dissertations

The importance of checking the normality assumption in most statistical procedures especially parametric tests cannot be over emphasized as the validity of the inferences drawn from such procedures usually depend on the validity of this assumption. Numerous methods have been proposed by different authors over the years, some popular and frequently used, others, not so much. This study addresses the performance of eighteen of the available tests for different sample sizes, significance levels, and for a number of symmetric and asymmetric distributions by conducting a Monte-Carlo simulation. The results showed that considerable power is not achieved for symmetric distributions when …


A Study Of Women Working In The Actuarial Field, Jillian Emberg May 2012

A Study Of Women Working In The Actuarial Field, Jillian Emberg

Honors Projects in Mathematics

The goal of this project is to examine how women fit into the actuarial career path and how cultural expectations, biological factors, and personal aspirations affect their experiences in the field. Dramatic changes in the profession have occurred since its emergence in the nineteenth century to become more welcoming to women who choose to enter the profession. However, despite the equalizing demographic shifts of the field, it is still a male-dominated profession. This paper attempts to analyze why some of the changes in the demographics of the field have occurred as well as explain what factors contribute to women’s underrepresentation …