{"title":"Amsterdam:","authors":"","doi":"10.2307/j.ctv1htpfdn.13","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.13","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":" 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141222667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cephalonia:","authors":"","doi":"10.2307/j.ctv1htpfdn.11","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.11","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129686821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tokyo:","authors":"Keidanren Kaikan, Jinjie Duan","doi":"10.2307/j.ctv1htpfdn.10","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.10","url":null,"abstract":"This presentation will highlight the applications of AI in insurance claims management by focusing on two types of applications: (1) Natural Language Processing (NLP) – The unstructured text associated with claims file notes and documentation are a gold mine that can provide important information for may possible decision-support predictive models. How does NLP enable this gold mine to be tapped? (2) Computer vision – This technology will be evolving to support claims activities ranging from producing an accurate vehicle repair process and cost based on photos only; enhancing underwriting based on evaluating the condition of the property; documenting building contents; and estimating property damage from perils such as water, hail, and wind. Artificial Intelligence Applications in Insurance Claims, Jinjie Duan (30 minutes) A Tractable Method for Unravelling and Modelling Unobservable or Complex Dependence Drivers with Granular Data, Bernard Wong (30 minutes) Social Media Data and Catastrophe Warnings, Professor Zheng Sujin (30 minutes) Bio: Bernard Wong, PhD, FIAA, is Head of School, Risk and Actuarial Studies, at the University of New South Wales (Australia). Bernard is a Fellow of the Institute of Actuaries of Australia, a member of the Actuaries Institute Data Analytics Practice Committee, and serves on the Board of ASTIN. His current research interests span two main areas: modelling of insurance processes, optimal capitalisation policies for risk businesses, as well as the interaction between the aforementioned problems. His research has been recognised via the award of numerous prizes. Abstract: The estimation of claim and premium reserves is a key component of an actuary's role and plays a vital part of any insurance company's operations. In practice, such calculations are complicated by the stochastic nature of the claims process as well as the impracticality of capturing all relevant and material drivers of the observed claims data. In the past, computation limitations have promoted the prevalence of simplified, but possibly sub-optimal, aggregate methodologies. However, in light of modern advances in processing power, it is viable to increase the granularity at which we analyse insurance datasets so that potentially useful information is not discarded. By utilising more granular data that is usually readily available to insurers, model results and predictions may become more accurate and precise. The estimation of claim and premium reserves is a key component of an actuary's role and plays a vital part of any insurance company's operations. In practice, such calculations are complicated by the stochastic nature of the claims process as well as the impracticality of capturing all relevant and material drivers of the observed claims data. In the past, computation limitations have promoted the prevalence of simplified, but possibly sub-optimal, aggregate methodologies. However, in light of modern advances in processing power, it is viable t","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"93 11","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120819118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"CONCLUSION","authors":"","doi":"10.2307/j.ctv1htpfdn.19","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.19","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126762084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Vancouver:","authors":"","doi":"10.2307/j.ctv1htpfdn.5","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.5","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"130 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128486774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Stavanger:","authors":"","doi":"10.2307/j.ctv1htpfdn.14","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.14","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":" 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141222686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tunis:","authors":"Habib Bourguiba","doi":"10.2307/j.ctv1htpfdn.18","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.18","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134621674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"New York:","authors":"J. Chapman","doi":"10.5040/9780571343263.ch-002","DOIUrl":"https://doi.org/10.5040/9780571343263.ch-002","url":null,"abstract":"The price volatilities of the commodities expose commodity trading companies to the risk of big financial losses and force them to combat the risk with a spectrum of hedging strategies. In this paper, we study strategies to reduce shortfall risk in long-term hedging with short-term futures contracts. Our main contribution to the literature is extending Glasserman’s model (2001) to a two-commodity scenario and providing numerical solutions for risk analysis across alternative hedging strategies to minimize either running risk or average risk. In the end, we illustrate a scenario when optimal average risk is superior to optimal fraction strategy if investors wish to receive large returns at the end of the hedging horizon.","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116159388","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"WORKS CITED","authors":"","doi":"10.2307/j.ctv1htpfdn.20","DOIUrl":"https://doi.org/10.2307/j.ctv1htpfdn.20","url":null,"abstract":"","PeriodicalId":123361,"journal":{"name":"At the Corner of a Dream","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124168450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}