NU Online News Service, Sept. 16, 2003, 3:46 p.m. EDT – Organizers of the recent Stochastic Modeling Symposium in Toronto gave the Outstanding Paper Award to Alastair Longley-Cook and Jason Kehrberg, actuaries at Tillinghast-Towers Perrin, New York.
The actuaries' paper, "Efficient Stochastic Modeling Utilizing Representative Scenarios," discusses a fast technique for using a small number of cash-flow scenarios to develop a stochastic model powerful enough to help an insurance company determine capital needs.
