Several days ago, I was playing a chinese card game with a bunch of friends and I was wondering what were the different odds of obtaining certain sets of cards. So instead of calculating these probabilities, why not just estimate them ?
How do actuaries quantify life? Let's take a look into classical life insurance and play with life tables
Let's start this journey with the most basic, yet most important parameters of any solvency 2 calculations : the risk-free interest rate.