Announcement: SOA congratulates the new ASAs and CERAs for May 2024.

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  • Pricing Surface
    of the cross‑term can be greater than the two individual sensitivity results combined at the tail. The ... first and second orders of the derivatives. In Table 1, we choose the following: Step 2: Calculate ...

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    • Date: Nov 2017
    • Competency: Strategic Insight and Integration>Influence decisions; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Product Matters!
    • Topics: Life Insurance>Pricing - Life Insurance; Life Insurance>Product development - Life Insurance; Modeling & Statistical Methods>Sensitivity testing; Modeling & Statistical Methods>Simulation
  • Stochastic Modeling Is On the Rise
    necessitate stochastic modeling for both pricing and valuation. NEED FOR CONTINUED RESEARCH Given these and ... rates in the Monte Carlo simulation to lapse individual policies randomly.1 STOCHASTIC BASE MORTALITY ...

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    • Authors: Michael Failor, David Wylde
    • Date: Nov 2016
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
    • Publication Name: Product Matters!
    • Topics: Modeling & Statistical Methods>Simulation; Modeling & Statistical Methods>Stochastic models