FRG Consultant Jonathan Leonardelli created and presented a webinar for IFSUG on loss forecasting with Markov chains. IFSUG (Insurance and Finance SAS User Group) provides forums for the exchange of information and promotion of new ideas concerning SAS and related products and assist participants in developing SAS skills. The webinar provided a high-level overview of regulatory stress testing. It also discussed various topics on Markov chains: memoryless, estimation of probabilities can both be discrete or continuous, and time homogeneity vs. time non-homogeneity. Finally it illustrated different Markov chain processes with a fictitious bank portfolio.

For more information on the webinar please visit:https://www.ifsug.org/webinars