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Principle Based Reserves Simplified Methods Multi-Risk Scenario Generator

The multi-risk scenario generator is an output of the Smaller Insurance Company Section’s sponsored Principle-Based Reserves Simplified Methods study performed by Mark Birdsall, Steve Strommen, and Brian Hartman.  The scenario generator can be used for all material assumptions in an actuary’s cash flow projection software.

It runs on Windows computers and requires no special installation.  Simply download the .zip file and extract all of its contents to a folder of your choice on your computer.  To run the program, double-click on the file SGen.exe in the list of files that were extracted.

Do not try to run SGen.exe from within the .zip file; it will not work if it has not been extracted from the .zip archive.

Documentation and instructions for use of the program are available in SGen.pdf, which will also be among the files extracted from the .zip archive.

Questions about the multi-risk scenario generator may be directed to the authors.

Disclaimer for Software

Important: The code, models, and files ("Software") is the property of the Society of Actuaries (SOA) and is protected under U.S. and international copyright laws.

The Software has been developed for the benefit of actuaries FOR EDUCATIONAL USE ONLY, although others may find it useful. SOA and the authors make the Software available to individual users for their personal use on a non–exclusive basis. No commercial use, reproduction or distribution is permitted whatsoever.

SOA, and the authors make no warranty, guarantee, or representation, either expressed or implied, regarding the Software, including its quality, accuracy, reliability, or suitability, and HEREBY DISCLAIM ANY WARRANTY REGARDING THE SOFTWARE'S MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.  SOA, and the authors make no warranty that the Software is free from errors, defects, worms, viruses or other elements or codes that manifest contaminating or destructive properties. In no event shall the SOA or the authors be liable for any damages (including any lost profits, lost savings, or direct, indirect, incidental, consequential or other damages) in connection with or resulting from the use, misuse, reliance on, or performance of any aspect of the Software including any instructions or documentation accompanying the Software. The  SOA, and the authors make no representation or warranty of non–infringement of proprietary rights of others with respect to the Software. The entire risk as to the uses, outputs, analyses, results and performance of the Software is assumed by the user. This Disclaimer applies regardless of whether the Software is used alone or with other software.

The models, any accompanying code, documentation, and methodologies contained herein do not represent an official position, statement, or endorsement on behalf of the Society of Actuaries or its members, nor should the material be construed to do so. It is the product of a research effort commissioned by the Society of Actuaries. The models and code are neither intended to preclude the use of other methodologies for any purpose nor provide a statement or position on the use, application, or preferability of other methodologies as compared to the methodology described herein.