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A Refreshed Look at Assumption Development
included analyses of lapses, benefit utilization, mortality, premium patterns, etc. There is an emerging ... to develop as- sumptions for renewal premium, mortality and lapse collectively. • Assumptions in the ...- Authors: Min Mercer, Michael Kwan Yu Chan
- Date: Jun 2015
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Leadership>Thought leadership; Professional Values>Public interest representation
- Publication Name: Product Matters!
- Topics: Enterprise Risk Management>Governance; Experience Studies & Data; Financial Reporting & Accounting>Statutory accounting; Predictive Analytics
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End to End Assumption Documentation Practices
business unit can be variable annuity, fixed annuity, and indexed annuity. Examples of actuarial intended ... as the dynamic lapse assumption for variable annuity products. Testing of resulting assumptions should ...- Authors: Hua Li, Alexander Zaidlin
- Date: Jul 2016
- Competency: Communication>Written communication; External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Product Matters!
- Topics: Actuarial Profession>Best practices; Experience Studies & Data