reserve discount and inflation part 3 is still coming

I need a little more time (read: a weekend) to finish the third part of my series on inflation and discounting for non-life claims reserves.  Keep an eye out for it next week, along with some posts on systemic risk, equity investments and risks to pension fund sponsors and a book review.

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Behavioural economics and XKCD

This is premature for a book review as I’m only on page 3 or something. The book:Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry has been recommended to me a few times. (Okay, twice by the same person, but that also actually says something.) I’ll work my way through it and give you my views.

But this XKCD reminded me of the ubiquity of behavioural economics everywhere in life.

CT Water: News come 4 October?

Not much of value in this shoddily wording reporting on CT’s water shortage, except that we will hear an official update on the water disaster plan on 4 October.

This is a topic of direct personal and business relevance, but also of a technical forecasting and measurement perspective. Very little I’ve seen so far gives my confidence in the forecasting, which is either because of poor forecasting or from very limited communication.

I don’t know which bothers me more.

Travel and horizons

I don’t know if this is a function of ubiquitous IP geolocation or some metaphysical reward for travel, but I’ve been discussing some unfamiliar music and artists in multiple ways during this trip.

I know some of you will be amused at me “discovering” these artists only now.

Moneybox, a Slate blog I still read from time to time, had an interesting off-the-wall story about Sweden’s new postage stamps. Apparently there is an artist called Robyn. Also, “brev” means letter in Swedish which sounds much like “brief” to me, so perhaps Afrikaans has some value outside South Africa after all.

i didn’t think any more until I found another “first play” album on iTunes Radio (this is not a paid ad for Apple, promise) by a band called “Royksopp”.  Enjoying the album, electronic music across a wide range of underlying genres. Turns out Royksopp and Robyn have performed together and produced music together.

Foo Fighters and Munich

Brief personal note. I’m off to the Milliman Life Consultants Forum in the US this week. Looks like an amazing programme covering ORSAs, Solvency II vs EV reporting and many of their software tools. Great to have such a relevant programme to me and for us in South Africa.

I’m writing a blog post on unemployment (up soon!) while listening to the brand new Foo Fighters album, Sonic Highways, courtesy of iTunes Radio. Looks to be a fantastic album – might just become the soundtrack of my trip.