Blog

Documentation again — by Markus Meier — posted on 27.07.2010 07:44 — 0 comment(s)

Imagine you were being asked ten years ago, whether you could describe your work (as you were copy-pasting data from one spread-sheet to another, these days) in a couple of sentences, allowing another person, a risk manager, an actuary, to re-performing your work, you might have answered 'impossible'.

Actuarial wish list — by Markus Meier — posted on 21.06.2010 04:00 — 0 comment(s)

Meeting a group of chief actuaries last week, I asked them: What is your wish-list for an actuarial workbench.

Modeling reserve risk using the re-reserving approach — by Jörg Dittrich — posted on 31.05.2010 02:25 — 1 comment(s)

Modelling reserve risk using the re-reserving approach leads to results in line with the calendar risk period. Chain ladder re-reserving risk can be calculated using the Wüthrich (et. al.) method. Finally reinsurance contracts on reserves can be analysed.

CEIOPS highlights the need for proper data handling — by Markus Meier — posted on 14.05.2010 12:21 — 0 comment(s)

CEIOPS sings from the same hymn sheet when calling insurance companies for considering at first the quality of their data.

Analyzing simulation results — by Markus Stricker — posted on 11.02.2010 12:55 — 0 comment(s)

Experience is required to properly analyze simulation results, but also IT support.

It matters where you save simulation results — by Markus Stricker — posted on 23.11.2009 12:15 — 0 comment(s)

Gain performance by exchanging the DB back-end.

PODRA Model: being simple and useful — by Jörg Dittrich — posted on 11.11.2009 03:45 — 0 comment(s)

We start risk assessment of insurance business by defining a model. Several issues influence our decision on the complexity of the model. The aim to cover the reality expands our model. In contradiction we would like to observe, originate and quantify implications and interactions, which gives us the intention to make it simpler and smarter. The PODRA model is one of the simplest models, being very useful for assessing insurance risks. Try it out.

Jumping out of the box? — by Thomas Schaffrath-Chanson — posted on 29.10.2009 01:45 — 3 comment(s)

Some sketches about the boxes you will find when thinking out of the box.

The one who shares wins — by Markus Stricker — posted on 27.05.2009 10:22 — 0 comment(s)

Slogan of the 14th international trend day. May 2009 in Hamburg, Germany

Germany and France significantly increase Open Source adoption — by Markus Stricker — posted on 22.05.2009 11:15 — 0 comment(s)

Forrester reports that Open Source, followed by Business Process Management and Unified Communications, are the current top IT priorities.

RiskAnalytics: Performance Reference Case — by Stefan Kunz — posted on 14.04.2009 23:01 — 0 comment(s)

A major goal for RiskAnalytics version 0.3 was to improve the performance.

The real magic is the community process — by Markus Stricker — posted on 06.04.2009 15:44 — 0 comment(s)

More diversity and transparency is needed to protect the industry against colossal risk management failures. Open Source embraces these values.

RiskAnalytics: First Profiling Results — by Stefan Kunz — posted on 27.01.2009 22:29 — 0 comment(s)

Before starting to improve the performance of RiskAnalytics, we need to identify the run-time expensive parts. The first profiling session showed that the simulations don't have any memory leaks and the required time depends linearly on the number of iterations.

RiskAnalytics: Performance Reference Case — by Stefan Kunz — posted on 21.01.2009 11:55 — 0 comment(s)

Current performance of the RiskAnalytics (version 0.2) is not sufficient. We did some profiling sessions. In order to track the progress of the improvements, I publish this reference case.

Are there any reasons for knowing about risks while steering an insurance operation? — by Jörg Dittrich — posted on 15.12.2008 12:38 — 0 comment(s)

Crucially, risk modeling may be seen as a necessity to impress auditors, regulators, and rating agents. Is the outside world seeking for reasons to get us modeling and measuring our risks? Are there any advantages in steering a company having well prepared quantitative risk assessments? Yes, there are.

Greed, lack of transparency and insufficient regulatory oversight — by Markus Stricker — posted on 27.10.2008 18:30 — 1 comment(s)

Are the risk managers to be blamed or their models? The required transparency of model assumptions, methods and algorithms emphasise the value of open source software.

Is it alright to drink wine with your enemies? — by Ali Majidi — posted on 26.08.2008 10:35 — 0 comment(s)

When people hear about PillarOne being Open Source and learn about PillarOne's unique collaboration concept, many questions may arise:

Swiss Solvency Test - Reserving risk — by Stefan Zumsteg — posted on 09.07.2008 17:33 — 0 comment(s)

The Wüthrich/Merz/Lysenko method implemented in the PillarOne reserving software gives a measure for the expected runoff result. Could this possibly be used as a proxy for the Swiss Solvency Test?

Design Phase of PillarOne.RiskAnalytics — by Jörg Dittrich — posted on 06.06.2008 15:31 — 0 comment(s)

The PillarOne project group started to design the risk analytics parts. Within the Risk Management process the steps Model Design, Model Calibration, and Model Evaluation will be covered.

Standing on the shoulders of giants — by Markus Stricker — posted on 12.05.2008 23:23 — 0 comment(s)

PillarOne's application infrastructure is built on top of de facto standard, leading components.

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