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

Live With The Maverick

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