Actuarial Publications of Krzys' Ostaszewski

Actuarial Publications of Krzysztof M. Ostaszewski

(this page is continuously under construction)

Krzysztof Ostaszewski, "The Great Invisible Pension Reform in the United States," Chapter 4 in Pension Provision: Government Failure Around the World, edited by Philip Booth, Oskari Juurikkala and Nick Silver, The Institute of Economic Affairs, London, United Kingdom, 2008.

Hong Mao and Krzysztof Ostaszewski, "Pricing Equity-Linked Life Insurance Contracts with Minimum Interest Rate Guarantee in Partial Equilibrium Framework," German Risk and Insurance Review 4 (2008), 28-53.

Hong Mao, Krzysztof Ostaszewski, and Yuling Wang, "Risk Analysis of Mortality Improvement: The Case of Chinese Annuity Markets," The Geneva Papers on Risk and Insurance: Issues and Practice 33 (2008), 234–249.

Richard Derrig and Krzysztof Ostaszewski, "Insurance" Chapter 20 in: Handbook of Probability: Theory and Applications, edited by Tamas Rudas, Sage Publications, Thousand Oaks, California, 2008.

Askar Choudhury, Jinadasa Gamage, James Jones, and Krzysztof Ostaszewski, "Structural Change In The CPCU Curriculum And Its Effect On The Completion Time," Academy of Educational Leadership Journal, Volume 12, Number 2, 2008, pp. 95-108.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Ninth Edition, Merrick, New York, 2008.

Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course FM / Casualty Actuarial Society Course 2 Examination, New England Actuarial Seminars, Sharon, Massachusetts, Spring 2008 edition.

Ewa Kubicka and Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course MLC Examination, New England Actuarial Seminars, Sharon, Massachusetts, Spring 2008 edition.

Hong Mao and Krzysztof M. Ostaszewski, "Application of Game Theory to Pricing of Participating Deferred Annuity," Journal of Insurance Issues 30 (2007), pp. 102-121.

Krzysztof Ostaszewski, Solutions Manual for Bowers' et al. Actuarial Mathematics, Actex Publications, Inc., Winsted, Connecticut, 2007.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Eighth Edition, Merrick, New York, 2007.

Ewa Kubicka and Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course MLC Examination, New England Actuarial Seminars, Sharon, Massachusetts, Fall 2007 edition.

Jinadasa Gamage, Jed Linfield, Krzysztof Ostaszewski, and Steven Siegel, Statistical Methods for Health Actuaries -- IBNR Estimates: An Introduction, online publication by the Society of Actuaries, accompanied by workbooks illustrating use of regression and simulation techniques for IBNR reserving.

Krzysztof Ostaszewski, "Social Security and My G-g-generation," The Actuary, Society of Actuaries, Schaumburg, Illinois, April/May 2007.

Ewa Kubicka and Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course MLC Examination, New England Actuarial Seminars, Sharon, Massachusetts, Spring 2007 edition.

Jed Linfield, Jinadasa Gamage and Krzysztof Ostaszewski, "Using Statistical Analysis and Actuarial Judgment in the Calculation of Medical Liability," ARCH, 1.2007, The Society of Actuaries, Schaumburg, Illinois, 2007.

Jed Linfield, Jinadasa Gamage and Krzysztof Ostaszewski, "An Alternative Approach to Calculation of IBNR Reserve in Health Insurance," ARCH, 1.2007, The Society of Actuaries, Schaumburg, Illinois, 2007.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Seventh Edition, Merrick, New York, 2007.

Ewa Kubicka and Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course MLC Examination, New England Actuarial Seminars, Sharon, Massachusetts, 2006.
Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course FM / Casualty Actuarial Society Course 2 Examination, New England Actuarial Seminars, Sharon, Massachusetts, 2006.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Sixth Edition, Merrick, New York, 2006.

Babu Nahata, Krzysztof Ostaszewski, and P.K. Sahoo, "Rising Health Care Expenditures: A Demand-Side Analysis," The ICFAI Journal of Risk and Insurance, 2006, Hyderabad, India.

Richard MacMinn, Krzysztof Ostaszewski, Ranee Thiagarajah, and Frederik Weber, "Mortality improvement select birth cohorts and their effect on pricing of survivor bonds," in: Re-Envisioning Retirement in the 21-st Century, Society of Actuaries Monograph, Schaumburg, Illinois, June 2006.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Fifth Edition, Merrick, New York, 2006.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Fourth Edition, Merrick, New York, 2006.

Stanislaw Kluza and Krzysztof Ostaszewski, Polish Pension Reform: 2005, Ten Years Later, International Center for Pension Reform. Online publication, 2006.

Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Third Edition, Merrick, New York, 2005.
Richard MacMinn, Krzysztof Ostaszewski, Ranee Thiagarajah, and Jan Frederik Weber, "Mortality improvement select birth cohorts and their effect on pricing of survivor bonds,"2005 World Risk and Insurance Economics Congress, Salt Lake City, Utah, August 2005, Conference Proceedings, Working Paper Series of The Geneva Association.
Krzysztof Ostaszewski, "Actuarial Research Illustrated by Study of Global Mortality Improvement", Record of the Society of Actuaries, 2005 Spring Meeting, New Orleans, May 24, 2005.
Ewa Kubicka and Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course M Examination, New England Actuarial Seminars, Sharon, Massachusetts, 2005.
Krzysztof Ostaszewski, Study Manual for the Society of Actuaries Course FM / Casualty Actuarial Society Course 2 Examination, New England Actuarial Seminars, Sharon, Massachusetts, 2005.
Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Second Edition, Merrick, New York, 2005.
Babu Nahata, Krzysztof Ostaszewski, and P.K. Sahoo, "Rising Health Care Expenditures: A Demand-Side Analysis," Journal of Insurance Issues vol. 28, No. 1, Spring 2005, pp. 88-102.
Leslaw Gajek, Krzysztof Ostaszewski, and and Hans-Joachim Zwiesler, "A Primer on Duration, Convexity, and Immunization," Journal of Actuarial Practice, 12(2005), pp. 59-82.
Michael Gauger and Krzysztof Ostaszewski, Solutions Manual for Bowers' et al. Actuarial Mathematics, Actex Publications, Inc., Winsted, Connecticut, 2005.
Richard MacMinn, Krzysztof Ostaszewski, Ranee Thiagarajah, and Jan Frederik Weber, "An Investigation of Select Birth Cohorts," in: Living to 100 and Beyond, Society of Actuaries Monograph, Schaumburg, Illinois, January 2005.

Leslaw Gajek and Krzysztof Ostaszewski, Financial Risk Management of Pension Plans, Elsevier, Amsterdam, The Netherlands, 2004.
Krzysztof Ostaszewski, ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Merrick, New York, 2004.
Richard Derrig and Krzysztof Ostaszewski, "Fuzzy Sets" pp. 747-750 in: Encyclopedia of Actuarial Science, Volume 2, John Wiley & Sons, Ltd., Chichester, West Sussex, England, 2004.
Hong Mao, James M. Carson, Krzysztof M. Ostaszewski, and Shoucheng Luo, "Pricing Life Insurance: Combining Economic, Financial, and Actuarial Approaches," Journal of Insurance Issues 27 (2004), pp. 134-159.
Catherine Konsky and Krzysztof Ostaszewski, "Assessing Communication in the Work of Actuaries", Proceedings of the Spring Meeting of the Society of Actuaries, Anaheim, California, May 2004.
James Carson and Krzysztof Ostaszewski, "The actuarial value of life insurance backdating," Journal of Actuarial Practice 11(2004), pp. 63-77.
Krzysztof Ostaszewski, "Is Life Insurance a Human Capital Derivatives Business?" The ICFAI Journal of Risk and Insurance, 1(1), pp. 7-17, 2004, Hyderabad, India.

Krzysztof Ostaszewski, "Asset/liability risks and the nature of financial intermediation," Chapter 2 (pp. 20-30) in: Asset/Liability Management of Financial Institutions, edited by Leo Tilman, Euromoney Institutional Investor, London, United Kingdom, 2003.
Krzysztof Ostaszewski and Grzegorz Rempala, "Emerging Applications of the Resampling Methods in Actuarial Models," Chapter 15 (pp. 523-560) in Intelligent and Other Computational Techniques In The Insurance Industry: Theory and Applications, edited by Lakhmi Jain and Arnold Shapiro, World Scientific, 2003.
Stanislaw Kluza and Krzysztof Ostaszewski, "Pension reform in Poland," Chapter 5 (pp. 71-87) in The Welfare State in Emerging-Market Economies: With Case Studies from Latin America, Eastern-Central Europe, and Asia, edited by Christian Aspalter, Casa Verde Publishing, Taichung City, Taiwan, 2003.
Krzysztof Ostaszewski, "Is life insurance a human capital derivatives business?" Journal of Insurance Issues 26 (2003), pp. 1-14. This paper received the Hardigree Award for the best research paper published in 2003 in the Journal of Insurance Issues.
James Carson and Krzysztof Ostaszewski, "What Is the True Value of Tax Deferral?", The Record of the Society of Actuaries, Volume 29, No. 1, 2003.

Krzysztof Ostaszewski, Asset-Liability Integration, Society of Actuaries Monograph M-F102-1, Schaumburg, Illinois, June 2002.
Leslaw Gajek and Krzysztof Ostaszewski, Plany Emerytalne: Zarzadzanie Aktywami i Zobowiazaniami, (in Polish, translates as: Pension Plans: Asset-Liability Management), Wydawnictwo Naukowo-Techniczne Warsaw, Poland, May 2002.
Krzysztof Ostaszewski and Hans-Joachim Zwiesler, "Gefahren von Duration-Matching-Strategien," (in German, translates as: "The perils of asset-liability matching strategies"), Blaetter der Deutschen Gesellschaft fuer Versicherungsmathematik, April 2002, 25(3), pp. 617-627.
Krzysztof Ostaszewski, Actex Study Cards for the Society of Actuaries Course 6 examination, Actex Publications, Winsted, Connecticut, January 2002.

Krzysztof Ostaszewski, "Opportunities in the privatization of the U.S. Social Security systems," The Review, Informa Insurance Publishers, November 2001, pp. 20-21.
Leslaw Gajek and Krzysztof Ostaszewski, "Optimal funding of a liability," Journal of Insurance Issues 24(1-2), 2001, pp. 17-29.
Krzysztof Ostaszewski, "Macroeconomic aspects of private retirement programs," North American Actuarial Journal, Volume 5, Number 3, July 2001, pp. 52-64.
Krzysztof Ostaszewski, moderator, speaker and recorder for the session "Different Look at Social Security Systems" at the Spring Meeting of the Society of Actuaries, Toronto, Ontario, Canada, June 20-22, 2001, published in the Record of the Society of Actuaries, Vol. 27, No. 2, 2001.
Krzysztof Ostaszewski, moderator, speaker and recorder for the session "All you can eat healthcare?" at the Spring Meeting of the Society of Actuaries, Toronto, Ontario, Canada, June 20-22, 2001, published in the Record of the Society of Actuaries, Vol. 27, No. 2, 2001.
Krzysztof Ostaszewski, moderator, speaker and recorder for the session "Social Security: The Long-Term Perspective" at the Spring Meeting of the Society of Actuaries, Dallas, Texas, May 29-30, 2001, published in the Record of the Society of Actuaries, Vol. 27, No. 1, 2001.
Krzysztof Ostaszewski, moderator, speaker and recorder for the session "All you can eat healthcare?" at the Spring Meeting of the Society of Actuaries, Dallas, Texas, May 29-30, 2001, published in the Record of the Society of Actuaries, Vol. 27, No. 1, 2001.

Richard Derrig, Krzysztof Ostaszewski and Grzegorz Rempala, " Applications of resampling methods in actuarial practice," Proceedings of the Casualty Actuarial Society, Volume 87, Fall 2000, pp. 322-364.
Krzysztof Ostaszewski and Grzegorz Rempala, "Modeling interest rates in cash-flow testing using resampling methodologies," Actuarial Research Clearing House, 2000, vol. 1.
Krzysztof Ostaszewski, "Kontrakt spoleczny" (in Polish, translates as: "Social contract"), Fundusze Emerytalne (Retirement Funds), 3(5), Spring 2000, pp. 19-24.

Richard Derrig and Krzysztof Ostaszewski, " Fuzzy sets methodologies in actuarial science," Chapter 16, pp. 531-556, in: Practical Applications of Fuzzy Technologies, edited by Hans-Juergen Zimmerman, Kluwer Academic Publishers, Norwell, Massachusetts, 1999.
Krzysztof Ostaszewski, Discussion of "The Proposals of the Advisory Council on Social Security: Not Only Undesirable but Also Impossible of Enactment" by Robert J. Myers, pp. in chapter VI of The Old Age Crisis -- Actuarial Opportunities, SOA Monograph M-RS99-1, Society of Actuaries, Schaumburg, Illinois, January 1999, pp. 61-63.
Krzysztof Ostaszewski, Discussion of "Declining Adequacy of Social Security Retirement Benefits," by Bruce D. Schobel, in chapter IX of The Old Age Crisis -- Actuarial Opportunities, SOA Monograph M-RS99-1, Society of Actuaries, Schaumburg, Illinois, January 1999, pp. 86-89.

Krzysztof Ostaszewski, "Is Paul v. Virginia dead?", pp. 351-360 in: Fair Value of Insurance Liabilities, edited by I.T. Vanderhoof and E. Altman, Kluwer Academic Publishers, Boston, 1998.
Krzysztof Ostaszewski, " Macroeconomic Aspects of Private Retirement Programs," Actuarial Research Clearing House, 1998.2, pp. 134-168.
Richard Derrig, Krzysztof Ostaszewski and Grzegorz Rempala, "Applications of resampling methods in dynamic financial analysis", Casualty Actuarial Society Forum, Summer 1998.
Krzysztof Ostaszewski, Discussion of "Social Security: Regressive or Progressive?" by Robert L. Brown, North American Actuarial Journal, April 1998, pp. 30-31.
Patricia Cerrito, Dennis Olson, and Krzysztof Ostaszewski, "Nonparametric tests for the random walk in stock prices," Advances in Quantitative Analysis of Finance and Accounting, vol. 6, 1998. pp. 27-36.
Krzysztof Ostaszewski, "Privatizing Social Security: who would invest the money?" USA Today (Magazine), January 1998.

Richard Derrig and Krzysztof Ostaszewski, "Managing the tax liability of property-casualty insurance company", Journal of Risk and Insurance, December 1997, volume 64, No. 4, pp. 695-711.
Krzysztof Ostaszewski, "Money to the people," International Center for Pension Reform article, February 17, 1997.
Krzysztof Ostaszewski, " Privatizing the Social Security trust fund? Don't let the government invest", Cato Institute, Social Security Paper No. 6, January 14, 1997.
Krzysztof Ostaszewski, Discussion of "Forecasting Social Security Actuarial Assumptions" by Jed Frees, North American Actuarial Journal, Volume 1, No. 4, October 1997, pp. 77-78.
Krzysztof Ostaszewski, Discussion of "Fuzzy Financial Pricing of Property Casualty Insurance" by David Cummings and Richard Derrig, North American Actuarial Journal, Volume 1, Number 4, October 1997, pp. 41-42.
Krzysztof Ostaszewski, Discussion of "In Defense of Pay-as-You-Go (Paygo) Financing of Social Security," by Robert L. Brown, North American Actuarial Journal, Volume 1, Number 4, October 1997, pp. 17-20.
Krzysztof Ostaszewski, speaker in the session "Current issues for the U.S. Social Security and the Canadian Pension Plan (CPP)" at the 1997 Annual Meeting of the Society of Actuaries, Washington, D.C., October 26-29, 1997, published in the Record of the Society of Actuaries, vol. 23, No. 3, 1997.

Krzysztof Ostaszewski, moderator and recorder of the session "Forecasting of Social Security Actuarial Assumptions" at the 1996 Annual Meeting of the Society of Actuaries, Orlando, Florida, October 27-30, 1996, published in the Record of the Society of Actuaries, vol. 22, No. 3, 1996.
Krzysztof Ostaszewski, moderator and recorder of the session "Asset/Liability Management for Social Security Systems" at the 1996 Annual Meeting of the Society of Actuaries, Orlando, Florida, October 27-30, 1996, published in the Record of the Society of Actuaries, vol. 22, No. 3, 1996.
Krzysztof Ostaszewski, "Ubezpieczenia spoleczne w Stanach Zjednoczonych i Kanadzie" (in Polish, translates as: "Social insurance in the United States and Canada"), pp. 185-191 in: Organizacja i Finansowanie Ubezpieczen Zdrowotnych (in Polish, translates as Organization and Financing of Health Insurance), edited by Lucyna Frackiewicz, Akademia Ekonomiczna im. Karola Adamieckiego, Katowice, Poland, 1996.
Krzysztof Ostaszewski, "Further, I think that Social Security must be privatized", Contingencies, January/February 1996, pp. 48-52.

Richard Derrig and Krzysztof Ostaszewski, "Fuzzy techniques of pattern recognition in risk and claim classification", Journal of Risk and Insurance, September 1995, volume 62, No. 3, pp. 447-482. This paper received the 2005 American Risk and Insurance Association Robert I. Mehr Award for a paper that "best stood the test of time".
Krzysztof Ostaszewski and Boguslawa Urbaniak, "Glos w dyskusji o reformie ubezpieczen spolecznych w Polsce" (in Polish, translates as: "Yet another voice in the discussion on the social insurance reform in Poland"), Praca i Zabezpieczenie Spoleczne, 12(1995), pp. 23-30.
Richard Derrig and Krzysztof Ostaszewski, "The fuzzy problem of hedging the tax liability of a property-liability insurance company", Proceedings of the 5th AFIR International Colloquium, Brussels, September 1995, pp. 17-42.
Krzysztof Ostaszewski, speaker in the session "Social security systems around the world" at the 1995 Annual Meeting of the Society of Actuaries, Boston, Massachusetts, October 1995, published in the Record of the Society of Actuaries, vol. 21, No. 4A, 1995.
Krzysztof Ostaszewski, "Aktuariusze po lewej stronie bilansu" (in Polish, translates as: "Actuaries on the left-hand side of the balance sheet"), Aktuariusz newsletter of the Polish Society of Actuaries, No. 7 Vol. 2, March 14, 1995.
Krzysztof Ostaszewski, "In defense of derivatives", Contingencies, May/June 1995, pp. 64-67.
Krzysztof Ostaszewski, Discussion of "Paygo Funding Stability and Intergenerational Equity", by Robert L. Brown, Transactions of the Society of Actuaries, 48(1995), pp. 155-163.

Richard Derrig and Krzysztof Ostaszewski, "Fuzzy techniques of pattern recognition in risk and claim classification", Actuarial Approach for Financial Risks International Colloquium, Proceedings published by the Society of Actuaries, 1994, pp. 141-172.
Krzysztof Ostaszewski, "Do Junk Bonds Die in Vain? Some Do, Some Don't," abstract in the Actuarial Research Clearing House, 1994.1, p. 203.
Krzysztof Ostaszewski, moderator and recorder of the session "Are we prepared for interest rates to rise again" at the 1994 Valuation Actuary Meeting of the Society of Actuaries, San Francisco, California, May 26-27, 1994, published in the Record of the Society of Actuaries, vol. 20, No. 2, 1994.

Krzysztof Ostaszewski, An Investigation into Possible Applications of Fuzzy Sets Methods in Actuarial Science, Society of Actuaries Monograph, Schaumburg, Illinois, 1993.
Waldemar Karwowski and Krzysztof Ostaszewski, "Towards fuzzy actuarial credibility", Proceedings of the North American Fuzzy Information Processing Society, 1993 Annual Meeting, Allentown, Pennsylvania, August 1993.
Krzysztof Ostaszewski, "Fuzzy Sets Methods in Actuarial Science", abstract in the Actuarial Research Clearing House, 1993.1, pp. 333-334.

Bruce Ebanks, Waldemar Karwowski, and Krzysztof Ostaszewski, "Application of measures of fuzziness to risk classification in insurance," pp. 290-291 in: Computing and Information, IEEE Computer Society Press, Los Alamitos, California, 1992.
Waldemar Karwowski and Krzysztof Ostaszewski, "An analysis of possible applications of fuzzy set theory to the actuarial credibility theory," Proceedings of the North American Fuzzy Information Processing Society, 1992 Annual Meeting, Puerto Vallarta, Mexico, December 1992.
Krzysztof Ostaszewski, "New method is fuzzy", The Actuary, May 1992.
Waldemar Karwowski, and Krzysztof Ostaszewski, "Fuzzy clustering methods for assessment of population risks in the insurance industry", Proceedings of the 1992 International Fuzzy Systems and Intelligent Control Conference, Louisville, Kentucky, March 1992.
Krzysztof Ostaszewski, "Investigation of actuarial functions under conditions of high and volatile inflation", Actuarial Research Clearing House, Proceedings of the Actuarial Research Day, The University of Western Ontario, London, Ontario, Canada, June 1992.
Krzysztof Ostaszewski, Discussion of "An updated money's-worth analysis of Social Security retirement benefits" by Robert J. Myers and Bruce D. Schobel, Transactions of the Society of Actuaries, 44(1992), pp. 277-279.
Krzysztof Ostaszewski, Discussion of "An actuarial analysis of the AIDS epidemic as it affects heterosexuals" by Peter M. Plumley, Transactions of the Society of Actuaries, 44(1992).

Krzysztof Ostaszewski, "Zmienne losowe i rozmyte w naukach aktuarialnych" (in Polish, translates as "Random and fuzzy variables in actuarial science"), Proceedings of the Twentieth Applied Mathematics Conference of the Polish Academy of Sciences, Zakopane, Poland, September 1991.

Waldemar Karwowski, and Krzysztof Ostaszewski, "Fuzzy modeling of risk in investment analysis," in: Computing and Information , edited by R. Janicki and W. Koczkodaj, North-Holland, Amsterdam, 1989, pp. 503-505.
Krzysztof Ostaszewski, "Fuzzy modeling of risk", Proceedings of the Southeast Asian Mathematical Society Regional Conference on Mathematics, Gadjah Mada University, Yogyakarta, Indonesia, 1989, 71-73.

All information contained here is, to our best knowledge, correct, but it is merely a representation, and should not be considered to be any form of professional advice. This electronic publication should not be misconstrued as the official position of Illinois State University, or its Department of Mathematics. We are glad to provide as much information as possible here, but we kindly ask that in any decision related to matters listed here you seek additional counsel and information. Comments on this page are welcome and should be sent to Dr. Krzysztof Ostaszewski at his e-mail address: krzysio@ilstu.edu.