Welcome! This site is an experiment in collaborative effort to develop risk analytical tools as an open source software under a very liberal license. While the idea is not new, its use in the actuarial and risk community has been very limited. The few attempts have been largely unsuccessful.
The goal of this project is to develop software for calculating Risk-Based Capital for insurance companies. The open source software development project is hosted on this Google Code site. The focus is on exploring a specific approach that the development team sees as a valid modern choice for quantifying risk and determining capital requirements.
This site contains a Discussion Forum and a LIBRARY of hosted or linked documents relevant to the analysis of risk and the development of analytical tools for its quantification. The primary focus is on the insurance risk and Risk-Based Capital calculation. However, the Discussion Forum provides an opportunity for discussing broader topics related to risk. These topics range from the general policy issues involved in establishing capital requirements to the technical details of risk analytical tools utilizing big data.
The Discussion Forum has a value independent from the software development project it is intended to support. It provides an unusual opportunity to have frank discussions and exchange ideas in an informal environment. The discussion are intended to touch on a wide range of topics; the forum could become a brainstorming vehicle where new approaches are developed and original ideas generated. The forums, as a tool, provide this opportunity. It’s up to you whether to take advantage of it and to engage in a stimulating and productive dialogue on all topics related to risk and analytics.
While many of the materials posted here have been presented to the P/C Risk-Based Capital Committee of the American Academy of Actuaries, they are not endorsed or approved by the Committee or the Academy. They represent ongoing research and in their current form are not a finished work product. Any materials on this site are provided on an "as is" basis, without warranties or conditions of any kind, either express or implied, including, without limitation, any warranties or conditions of title, non-infringement, merchantability, or fitness for a particular purpose. You are solely responsible for determining the appropriateness of using or redistributing these materials and assume any associated risks.
Alex Krutov, Ernesto Schirmacher and Sholom Feldblum explicitly disclaim all liability for any consequences resulting from the use of the materials or information in the messages posted or linked to on this site and the companion site http://code.google.com/p/rbc-risk-analytics/. Alex Krutov and Sholom Feldblum, in whatever role each of them may play in the operation of this site or the companion site, are not acting in their respective capacities as the chair and member of the P/C Risk-Based Capital Committee of the American Academy of Actuaries. The content of this site and the linked site are not sponsored by or considered a work product of the American Academy of Actuaries, the Casualty Actuarial Society, the Society of Actuaries, the NAIC, any other organizations or individuals, or past or current employers of Sholom Feldblum, Ernesto Schirmacher, Alex Krutov or any of the administrators or moderators of these sites.