UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN
Department of Finance
Professor Stephen D'Arcy
Index to Courses on the Web
Finance 199 - Careers in Finance
Finance 230 - Introduction to Insurance
Finance 321 - Advanced Corporate Finance
Finance 431 - Property-Liability Insurance
Finance 432 - Managing Financial Risk of Insurers
Finance 590 - Enterprise Risk Management
Finance 360 - Employee Benefit Plans
Index to Papers Available On-line
A Strategy for Property-Liability Insurers in Inflationary Times (Proceedings of the Casualty Actuarial Society - 1982)
Revisions in Loss Reserving Techniques Necessary to Discount Property-Liability Loss Reserves (Proceedings of the Casualty Actuarial Society - 1987)
The Aging Phenomenon and Insurance Prices (Proceedings of the Casualty Actuarial Society - 1989)
On Becoming an Actuary of the Third Kind (Proceedings of the Casualty Actuarial Society - 1989)
Building a Public Access PC-Based DFA Model (Casualty Actuarial Society Forum - 1997)
Ratemaking: A Financial Economics Approach (Proceedings of the Casualty Actuarial Society - 1997)
Using the Public Access Dynamic Financial Analysis Model: A Case Study (Casualty Actuarial Society Forum - 1998)
A Comparison of Property/Casualty Insurance Financial Pricing Models (Proceedings of the Casualty Actuarial Society - 1998)
Pricing Catastrophe Risk: Could CAT Futures Have Coped With Andrew? (Casualty Actuarial Society Securitization of Risk Discussion Paper Program - 1999)
Parameterizing Interest Rate Models (Casualty Actuarial Society Forum - 1999)
Optimal Funding of State Employee Pension Systems (Journal of Risk and Insurance - 1999)
Measuring the Interest Rate Sensitivity of Loss Reserves (Proceedings of the Casualty Actuarial Society - 2000)
Enterprise Risk Management (Journal of Risk Management of Korea - 2001)
Insurance
and
The Use of DFA to Determine Whether an Optimal Growth Rate Exists for a P-L Insurer (Journal of Risk and Insurance - 2004)
Modeling Financial Scenarios: A Framework for the Actuarial Profession (Proceedings of the Casualty Actuarial Society - 2005)
On Becoming an Actuary of the Fourth Kind (Proceedings of the Casualty Actuarial Society - 2005)
Property-Liability Insurance Loss Reserve Ranges Based on Economic Value (The Actuarial Foundation Grant - 2007) Spreadsheet
A Two-factor Approach to Loss Reserve Variability (IAA Joint Colloquium - 2008) Spreadsheet
A Comparison of Actuarial Financial Scenario Generators (Variance - 2008)
Index to Presentations
| Date | Presented at | Presentation Title |
| March 1997 | Midwestern Actuarial Forum | Dynamic Financial Analysis |
| June 1997 | Central Illinois Actuarial Club | Dynamic Financial Analysis |
| July 1997 | Casualty Actuarial Society Special Interest Seminar | A Basic Model for Dynamic Financial Analysis |
| September 1997 | Midwestern Actuarial Forum | Dynamic Financial Analysis |
| November 1997 | Casualty Actuarial Society Meeting | Ratemaking: A Financial Economics Approach |
| February 1998 | Symposium on Actuarial Relationships with Academia | Actuaries and Academics: Past Relationships for the Casualty Actuarial Society |
| May 1998 | Casualty Actuarial Society Meeting | A Comparison of Property-Liability Insurance Financial Pricing Models |
| June 1998 | Casualty Actuarial Society DFA Seminar | Basic Track Session 4: A Basic Model for DFA |
| August 1998 | American Risk and Insurance Association Annual Meeting | Presidential Address |
| April 1999 | ARIA-CAS Financial Risk Management Seminar | Keynote Address (Slides Only / Listening over the web with Slides) |
| May 1999 | Casualty Actuarial Society Spring Meeting | Pricing Catastrophe Risk: Could CAT Futures Have Coped With Andrew? (Slides Only / RealMedia File) |
| July 1999 | Casualty Actuarial Society DFA Seminar | Parameterizing Interest Rate Models |
| August 1999 | American Risk and Insurance Association Annual Meeting | The Effective Duration of Liabilities for Property-Liability Insurers |
| August 2000 | American Risk and Insurance Association Annual Meeting | The Effective Duration of Liabilities for Property-Liability Insurers with Stochastic Interest Rates |
| January 2001 | American Enterprise
Institute - |
Insurance
Price Deregulation: The |
| May 2001 | Casualty Actuarial Society Spring Meeting | Measuring the Interest Rate Sensitivity of Loss Reserves |
| March 2002 | International Congress of Actuaries | A Dynamic Financial Analysis of the Effect of Growth on Property-Liability Insurers |
| May 2002 | Office of Futures and Options | Derivatives in the Insurance Market |
| May 2002 | Casualty Actuarial Society Spring Meeting | Measuring the Duration of Liabilities |
| February 2003 | Victoria University, Wellington, New Zealand | Actuarial Financial Scenario Generator Project |
| April 2004 | Enterprise Risk Management Symposium | Modeling of Economic Series Coordinated with Interest Rate Scenarios |
| February 2005 | National Bureau of Economic Research | The Economics of Insurance Fraud Investigation: Evidence of a Nash Equilibrium |
| April 2006 | ERM Symposium | ERM in the Insurance Industry |
| May 2006 | Casualty Actuarial Society | ERM Theory and Practice |
| May 2006 | Casualty Actuarial Society | Use of DFA to Determine Optimal Growth Rate for Property-Liability Insurer |
| June 2006 | Advanced Actuarial Conference - ASPPA | The Need for Guidance on Public Pension Funding |
| June 2006 | Peking University | Introduction to the Casualty Actuarial Society |
| June 2006 | Nankai University | Ratemaking |
| June 2006 | Shanghai University of Finance and Economics | Enterprise Risk Management |
| January 2007 | Agricultural Bank of China | Introduction to Credit Derivatives |
| June 2007 | ASTIN | ASTIN's Next Greatest Contributions |
| July 2007 | University of New South Wales | Insurance Securitization |
| July 2007 | University of New South Wales | Enterprise Risk Management |
Index to Internet Courses
| Date First Offered | Offered Through | Course Title |
| June 1999 | Casualty Actuarial Society | Introduction to Financial Risk Management for Insurers |
| January 2000 | Casualty Actuarial Society | The Building Blocks of Financial Risk Management: Forwards, Futures, Swaps and Options |
| March 2002 | Casualty Actuarial Society | Interest Rate Models |
| October 2006 | Casualty Actuarial Society | Introduction to Enterprise Risk Management |