Episode 100: Actuaries in Research - Part 2 (Part 1)

My guest for Episode 100 is David Wilkie, CBE, FFA, FIA, FSS, FIMA, Hon D Sc, Hon D Math, Chairman at InQA Limited.

The theme for the episode is 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗲𝘀 𝗶𝗻 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 - 𝗣𝗮𝗿𝘁 𝟮.

David and I covered the following topics in 𝗣𝗮𝗿𝘁 𝟭 of this historic episode:⁣

✅ David’s early childhood and formative years
✅ What motivated David to become an actuary
✅ Building a strong foundation for academic research
✅ Mortality forecasting for the Committee of Mortality Investigation
✅ Early development of life and annuity tables
✅ The Financial Times Actuaries British Government Securities Indices
✅ Multi-state modeling for income protection insurance
✅ Mortality modeling for the COVID-19 Working Party
✅ Promoting the power of programming as an early adopter
✅ The evolution of programming in insurance and risk management
✅ The most significant development in the actuarial profession

𝗣𝗮𝗿𝘁 𝟭 Time Markers

2:34: Early years in Glasgow, education in Lancaster and Cambridge, and national service.

8:24: First actuarial role at Allianz Life in Stuttgart, actuarial exams, and qualification journey.

10:15: First programming experience with Ferranti Pegasus computer at Standard Life. 

20:03: Early involvement with the Committee of Mortality Investigation (CMI). 

22:23: Writing Fortran programs to produce graduated mortality tables. 

24:58: Gompertz-Makeham model for force of mortality. 

27:31: Developing share indices for the Joint Investment Committee. 

32:35: Multi-state modeling for income protection insurance and epidemics. 

43:04: Using historical mortality rates in Sweden, Spain, and Switzerland for COVID-19 modeling. 

45:17: Fitting Lee-Carter model to population data and using time series to analyze time coefficient.

48:10: Using mixture models to account for kurtosis in COVID-19 data. 

51:44: Using stochastic methods for modeling small pension funds. 

54:02: Programming and coding today.

56:06: The impact of computers on the actuarial profession. 

If you are an actuary interested in research, modeling, and programming, you want to listen to this.

My Website: maverickactuary.com