Hyundai: Insurance and Marketing

An article about the South Korean automaker Hyundai, from The Economist. Note their use of insurance:

"...Hyundai is also benefiting from a novel scheme, launched in January, in which it offers to buy back cars from customers who lose their jobs within a year of their purchase. (The company essentially offers a smaller discount and then uses the money to buy an insurance policy.)"

Another reason for actuaries to study macroeconomics and modeling...

- Rick

Agent-Based Modeling

An article on agent-based modeling from The Economist. Lots of potential for applications in insurance, actuarial science, and risk management. This is one of the research topics in our actuarial science undergraduate research program at the University of Illinois.

- Rick