Abstract Pension valuation exercises for a defined benefit scheme requires an appraisal of both the schemes assets and its liabilities in different circumstances. The valuations are required to comply with regulatory standards, most notably the minimum funding standard. The objectives of this study are: (i) to compute the estimate of minimum funding standard of pension liability (ii) to establish the actuari...
Accurate collection of wind speed records is significant for numerous wind power applications. The present investigation aims to highlight the use of the Marshall–Olkin Power Lomax (MOPLx) distribution for wind speed data. We examine the actual wind speed records gathered from three stations Bahawalpur, Gwadar, and Haripur. The dataset is demonstrated by using MOPLx distribution and compare its modeling performance with renowned probability distributions, for example, Weibull– Lomax, powe...
Pension, being regular payments made to retirees or their beneficiaries after retiring from active service, needs efficient and effective management because of the funds involved as the living standard of the retirees and their dependants rest on it after retirement. In attempt to maximize the wealth of pension contributors, the investors may end up losing the pension fund assets because higher returns on investment go hand in hand with higher risk of loss of invested contributions/savings. T...
A REVIEW OF MORTALITY DIFFERENTIALS. Abere, OmotayoJohncally([email protected]) Department of Actuarial Science & Insurance, University of Lagos Nigeria Mojekwu, Joseph Nnamdi (Corresponding Author) Department of Actuarial Science & Insurance, University of Lagos Nigeria E-mail: [email protected] Abstract. Introduction: Mortality differentials can be described as those determinants or indicators that measure relative differences in the timing of death between different groups. They m...
With its recent introduction as a course of study in the University of Jos, the number of students applying to study actuarial science in the University remains dismally low. This study was designed to assess the awareness level of actuarial science in the University of Jos community. Primary dataobtained with a semi-structured questionnaire administered on 280 respondents comprising academic and non-academic staff and students was analyzed using Descriptive statistical techniques. The study...
Biometrics is seen by many as a solution to a lot of the user identification and security problems in todayUs networks. Password abuse and misuse, intentional and inadvertent is a gaping hole in network security. This results mainly from human error, carelessness and in some cases maliciousness. Biometrics removes human error from the security equation. Our project will examine all the technological and feasibility aspects as well as the practical applications. Biometric systems allow ...