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Quantum Actuarial: Part 1—The Prelude of the Harmonic Oscillator
The quantum harmonic oscillator model, with its rigorous mathematical framework, delineates the statistical probabilities of microscopic particle behavior. When this theory extends into actuarial science, it heralds the potential for interdisciplinary research to achieve effective integration of theoretical innovation and practical application, thereby opening new avenues for research and practice. This study focuses on the innovative connection between the probabilistic properties of the quantum harmonic oscillator and actuarial practice, aiming to dissect how this quantum model reshapes the understanding of actuarial risk assessment and cost distribution. The core of the discussion lies in revealing the intrinsic mechanisms of the quantum harmonic oscillator wave function and its mapping within the actuarial framework, providing an in-depth analysis of innovative perspectives on insurance cost assessment and interest rate patterns. This interdisciplinary research exploration not only tests the theoretical feasibility at the intersection of quantum mechanics and actuarial science but also deeply analyzes the inherent uncertainty in the financial system. With the oscillatory rhythm of the harmonic oscillator, this article anticipates the opening of a new chapter in actuarial science, seeking the actuarial wisdom hidden within the quantum fluctuations. -
What Does the Video Game Industry of the 1990s and Actuarial Software Industry Today Have in Common?
In this article, Igor Nikitin compares the challenges faced by early 1990s video game developers with those now confronting the actuarial modeling software industry. He explains how game developers, struggling with rising costs and technical complexity, adopted game engines. These engines provided essential functionality along with access to the underlying code, giving teams flexibility to innovate without building everything from scratch. The author argues that actuarial software is reaching a similar inflection point. Many firms rely on expensive, rigid tools with limited customization and high vendor dependence. By adopting actuarial platforms that offer source code access, teams can improve model development speed, reduce costs, and apply modern skills more effectively. The article encourages the reader to consider how this shift could enhance operational efficiency, increase team agility, and support long-term innovation. -
Introduction to Bermuda SBA Modeling: Part 1
With this article, we provide an overview of the EBS financial reporting requirements with a focus on the considerations specific to scenario-based approach (SBA) models.
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