Liang Hong

Credibility Theory without Tears

After a brief introduction of the actuarial science program at Robert Morris University, I will introduce the basic framework of Bayesian statistics and classical theory of credibility theory, a topic heavily tested on SOA's Exam C.
The last part of the talk will give the latest development in credibility theory; this work was done by my colleague (Dr. Ryan Martin, at North Carolina State University) and me, and our project was jointly sponsored by the Casualty Actuarial Society and Society of Actuaries through 2015 Individual Grant. The technical details are kept to a minimum. Therefore, the talk is accessible to anyone with a background in calculus-based probability theory, that is, the basic topics on Exam P.

Dr. Hong received his PhD in mathematics from Purdue University. He has received grants from the Casualty Actuarial Society (CAS), Society of Actuaries (SOA), and State Farm Insurance Company; and he has given research talks at several Center for Actuarial Excellence (CAE) schools including Drake University, Georgia State University, Temple University, University of Waterloo, University of Wisconsin, Madison.

Date: 9/23/2016
Time: 12:30PM-1:20PM
Place: 121 Armstrong Hall

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