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R In Actuarial Pricing Teams Chibisi Chima- Okereke Mango Solutions E-mail: [email protected]

Rin Actuarial Analysis

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Rin Actuarial Analysis

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R In Actuarial Pricing TeamsChibisi Chima-OkerekeMango Solutions

AgendaUK Actuaries & CAS (Casualty Actuarial Society)Source Palisade ( @Risk ): http://www.palisade.com/downloads/pdf/Pryor.pdfActuarial SurveyGeographical Area

Main Areas Of WorkUK Actuaries & CAS (Casualty Actuarial Society)

Source Palisade 2006 ( @Risk ): http://www.palisade.com/downloads/pdf/Pryor.pdfUK Actuaries & CAS (Casualty Actuarial Society)Source Palisade ( @Risk ): http://www.palisade.com/downloads/pdf/Pryor.pdf

Main area of work in which software is usedPercentage of respondents using each packageUK Actuaries & CAS (Casualty Actuarial Society)Source Palisade ( @Risk ): http://www.palisade.com/downloads/pdf/Pryor.pdf

Percentage of statistical package users using individual packagesUK Actuaries & CAS (Casualty Actuarial Society)Source Palisade ( @Risk ): http://www.palisade.com/downloads/pdf/Pryor.pdf

Use of Statistical PackagesR is the programminglanguage of statisticsSpreadsheets are unstructured computer programs:The Risks Of Using Spreadsheets for Statistical Analysis (IBM White Paper): http://public.dhe.ibm.com/common/ssi/ecm/en/imw14297usen/IMW14297USEN.PDFExcelWhat is R?Useful R FeaturesCurrent Actuarial R Packageshttp://cran.r-project.org/web/packages/Functional Programming{plyr} Author: Hadley WickhamI/OArrayData FrameListDiscardedArrayaaplyadplyalplya_plyData Framedaplyddplydlplyd_plyListlaplyldplyllplyl_plyExample Data

Data Source (Simulated): Modern Actuarial Risk Theory Using R: Kaas, Goovaerts, Dhaene, and Denuit.Dynamic SQL Query Examplerequire(RODBC)

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