RPEC_O2_v2018 Model Implementation Tool
Based on work performed by Bob Howard, a former member of RPEC, the SOA developed a spreadsheet-based program that allows users to create a customized mortality improvement scale using the RPEC_2014 model. The RPEC_O2_v2018 model found here utilizes the same projection methodology underpinning the RPEC_2014 model except that the historical rates have been developed using “order-2” Whittaker-Henderson graduation rather than “order-3”. Similar to the RPEC_2014_v2018 model, this tool reflects historical U.S. mortality experience through 2016 and can be used to model different assumption sets.
The workbook uses macros. Some companies may have technology policies that could disallow access to the workbook.
11/01/2018 - The scale name on the "Male" and "Female" tabs was fixed. Previously, if a user pressed the "Calculate" button, the name on the "Male" and "Female" tab would indicate that "rates to 2014 are from MP-2018". This comment has been removed.
The Society of Actuaries does not warrant this tool as fit for use in any respect, and no warranty whatsoever should be assumed or implied by any individual of this product or its fitness for any particular purpose. Actuaries, insurers, regulators and other parties use this tool at their own risk. The SOA disclaims all responsibility for any party’s use or misuse of its tools and for any work product generated through use or misuse of the tools.
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