Within all large consumer facing organizations, most decisions about how to deal with people are made automatically by computerized decision making systems. Information about people, their lifestyle and past behavior are used to predict how they are expected to behave in the future. It can be determined if someone applying for a bank loan will make their repayments, who will respond to a marketing communication and the likelihood that someone will claim on their insurance policy. This book provides a step-by-step guide to how Predictive Analytics is used by some of the world's most influential organizations. This includes international banks, leading insurance providers, credit reference agencies and national governments. It covers all stages of the Predictive Analytics process. This includes project management, data collection, sampling, data transformation and pre-processing, model construction, validation, implementation and post-implementation monitoring of the model's performance.
An evolving regulatory landscape and changing economic conditions continue to affect business organization and capital requirements in the global insurance industry, leading to new participants, new transactions, and new challenges. PLI s new Insurance and Investment Management M&A Deskbook provides attorneys with an essential reference to keep up with emerging trends in insurance and investment management M&A. The Deskbook covers topics such as acquisitions of public insurance companies, blocks of insurance business and private acquisitions; the regulatory environment of the insurance industry and the financial services industry; investment in the insurance industry by private equity and pension funds; and the expansion of insurance industry participants into emerging markets around the globe. The Deskbook also provides specific guidance for understanding Lloyd s of London and the M&A market for mutual life insurers."
This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives: What value do the embedded options and guarantees considered have? This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively
Thomas Wentworth Higginson (December 22, 1823 - May 9, 1911) was an American Unitarian minister, author, abolitionist, and soldier. He was active in the American Abolitionism movement during the 1840s and 1850s, identifying himself with disunion and militant abolitionism. He was a member of the Secret Six who supported John Brown. During the Civil War, he served as colonel of the 1st South Carolina Volunteers, the first federally authorized black regiment, from 1862-1864. Following the war, Higginson devoted much of the rest of his life to fighting for the rights of freed slaves, women and other disfranchised peoples.Higginson was born in Cambridge, Massachusetts on December 22, 1823. He was a descendant of Francis Higginson, a Puritan minister and emigrant to the colony of Massachusetts Bay. His father, Stephen Higginson (born Salem, Massachusetts, November 20, 1770; died Cambridge, Massachusetts, February 20, 1834), was a merchant and philanthropist in Boston and steward of Harvard University from 1818 until 1834. His grandfather, also named Stephen Higginson, was a member of the Continental Congress. He was a distant cousin of Henry Lee Higginson, founder of the Boston Symphony Orchestra, a great grandson of his grandfather. A third great grand father was New Hampshire Lieutenant-Governor John Wentworth
Two related trends have created novel challenges for managing risk in the United States. The first trend is a series of dramatic changes in liability law as tort law has expanded to assign liability to defendants for reasons other than negligence. The unpredictability of future costs induced by changes in tort law may be partly responsible for the second major trend known as the `liability crisis' - the disappearance of liability protection in markets for particularly unpredictable risks.