Robert Bear's statistical modeling work has included the following accomplishments:
FITTING LOSS SEVERITY DISTRIBUTIONS
PRICING REINSURANCE TREATIES
METHODIn his statistical modeling work, he applies the Industrial Version of the Decisions Tools Suite of Excel add-ons developed by Palisade Corporation which includes the widely used @Risk simulation tool, StatTools for statistical analyses, Evolver for optimizing non-linear models, and neural tools for fitting neural networks which are predictive models.
As Chairperson of the Casualty Actuarial Society’s Loss Simulation Model Working Party (LSMWP), he led the development of the Loss Simulation Model that can be used to test loss reserving methods and models. He contributed to the LSMWP paper on “Modeling Loss Emergence and Settlement Processes” that was published in the 2011 Winter CAS E-Forum.
Robert Bear also authored an article on “An Introduction to Extreme Value Theory,” that was published in the May 2011 edition of the CPCU International Insurance Interest Group periodical. This topic has attracted much interest after recent natural and financial catastrophes.