Description: This article is the second installment of a three-part series and is focused on providing an overview of LTC modeling approaches and considerations.

Description: The next evolution of actuarial systems in the U.S. will likely be a move toward a single system solution. This article defines a single system solution and illustrates how models can be shared across actuarial functions, the potential benefits of a single system solution, and describes potential mitigation strategies to address typical actuarial concerns.

Description: We discuss the challenges of Excel usage in companies, and what needs to be considered in order to develop robust modeling governance.

Description: A brief survey of articles in this issue

Description: This article describes the key elements of a review of an economic scenario generator (ESG), including scoping, parameters, models, and model efficiency.

Description: The article describes the key components of actuarial model, leading practices in designing them, and characteristics of well-built models.

Description: Actuarial models may seem like toy-tools, yet they are not all created equal when it comes to delivering results. All models are wrong, according to George Box, yet some are useful. Dealing effectively with operational risk, undue product complexity, and the eternal search for the right answer are keys to success.

Description: This article covers the American Academy of Actuaries’ “Model Governance Checklist” that was created in response to PBR regulatory model governance needs.

Description: Discussion of how to apply FinTech and IT processes and technologies to building an in house actuarial models.

Description: This article walks through the process of building a cluster model using off-the-shelf software.