Description: Model governance must deal with the effects organizational culture, including normalization of behaviors that are inconsistent with appropriate governance.

Description: Deep learning neural network applied to experience analysis for post-level term lapse and mortality.

Description: Chronically low interest rates are a reflection of macroeconomic trends. Care must be exercised in making assumptions regarding mean reversion.

Description: The potential impact and effects that artificial intelligence might have on life insurance companies.

Description: Discusses: [1] the effects of Financial Accounting Standard No. 97 [FAS 97] on recoverability and loss-recognition issues, [2] interest-crediting strategy, ways and means of maintaining the planned interest spread, the effects of the various strategies on lapse experience, and the ultimate effect on recoverability of the deferred acquisition costs, and [3] premium-deficiency testing and the modification of interest, mortality, and expense margins to satisfy the question of loss recognition, or lack of the ability to recover the remaining deferred asset. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: A discussion on how to use data visualization for model controls.

Description: Our paradigm constrains our view of the world, but also provides guidance on how we address and solve problems.

Description: A question from a reading regarding the accuracy of a comment from the December 2016 issue of The Financial Reporter article titled “Negative GAAP Term Insurance Reserves—to Floor or Not to Floor?”