Q & A with Editor of Annals of Actuarial Science Angus Macdonald
15 October 2012
Last update: 16/10/12 08:22
For those not familiar with Annals of Actuarial Science, what does the journal cover?
Annals of Actuarial Science (AAS) publishes research papers in all areas of actuarial science. It appears twice yearly, in the Spring and the Autumn, publishing an equal mix of theoretical and applied work. All papers are subject to a rigorous process of peer-review. AAS features papers in life insurance, non-life insurance, pensions, health insurance, finance and investment, econometrics, insurance economics and financial risk management.
How has actuarial science changed over the last 5 years?
The last 5 years covers almost exactly the credit crunch and ensuing crisis. Actuarial science continues to develop, but the great developments have been in the financial environment rather than in the science itself. There has been a contrast between the experience of insurers, governed by actuarial principles, and banks, not governed by actuarial principles. There must be lessons to be drawn from this and journals such as AAS provide an important forum for these debates.
How has this impacted on the journal?
We receive more papers on major risk management problems of the day, including longevity risk, claims reserving risk and enterprise risk management (ERM). The next issue of AAS (Volume 7 Part I) will be substantially devoted to a special issue on ERM, under the guest editorship of Professor Alexander McNeil.
Does actuarial science have any cross over with other disciplines?
Very much so, with economics, finance, statistics, demography, and risk management, to name just a few.
How do you see the journal developing in the future?
I think the journal is well on course to gain inclusion in the major citation indices, become one of the journals of choice for world-leading researchers and practitioners, and grow to more than two issues per year.
Further information about AAS can be found on the journal homepage
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