Many governments in developed countries have embraced actuaries' skill sets in solving complex economic systems, such as fuel and dollar problems experienced in Kenya today. The Government Actuary Department (GAD) within ...

This research study proposes the inclusion of randomness or an error term in the modified Lee–Carter model, which improves the traditional Lee–Carter model for modeling and forecasting mortality risk for years in the ...

Kenya is grappling with substantial exposure to oil price volatility in what has seen its efforts to deal with price fluctuations challenging and expensive. Conventional methods, such as stabilisation funds, have revealed ...

Verification of academic and professional papers needs to be simplified. For example, the government could implement policies requiring every university in Kenya to publish an annual list of graduates on their websites ...

The new funding model marks a significant step towards educational equality, fostering pool fair resource allocation and emphasizing students’ unique needs

While I agree that we need to change to the new university funding model, we must be prepared to deal with some of the new realities coming up with its implementation. I recently noticed something strange when students ...

This study explores a multiple-security, high-risk pricing model where the implied volatility has been portrayed through Generalized Wishart affine processes. The presence of dual dependency matrices distinctively characterizes ...

In this Artificial Intelligence (AI) era, applications like ChatGPT,SciSpace are becoming increasingly common in universities for research by students. These applications have an extraordinary range of capabilities, from ...

Last month, the Daily Nation had an article titled, 'Bursary Scandal'. it highlighted the plight of needy and brilliant students who have been unable to enroll in secondary schools due to a lack of school fees. This ...