Slides from a presentation at the Society of Actuaries Insurance Seminar on Economic Capital, held on December 6–7, 2007 in Chicago, IL.
This document contains the slides from one of the presenter's slides from a 2 presenter session with the same title.
This presenter discusses an approach for more efficiently running stochastic models supporting economic capital needs, including the development of a 'Risk dash board' technique which would:
1. Be accessible to management, not just actuaries
2. Consider the key risks
3. Be timely and up to date
4. Be accurate
5. Not introduce significant overhead expense.
?? It is accurate
?? …and does not introduce significant overheads