“The introduction of PMFBY brought some much-needed pricing correction and enhanced the benefit’s scope, bringing millions of additional farmers under insurance coverage”
This month’s magazine continues our campaign to showcase the expertise and influence that actuaries have had, and continue to have, beyond the profession.
Once a year, UK investors receive a statement on the performance of their investments and pensions – but the information provided is often shamefully baffling and incomprehensible.
Correlation matrices arise in many applications to model the dependence between variables. Dan Georgescu and Nick Higham ask what happens when we have a partially specified matrix and we wish to fill in the missing elements