Description: Speakers discuss how to develop alternative or improved processing methodologies to reduce errors, correct error tracking tools, and metrics. Participants discuss balancing reasonable testing given time constraints. From the Record of the Society of Actuaries, Volume 27, No. 2, Session 47IF of the Toronto Spring Meeting

Description: This paper investigates easy-to-implement techniques and tools developed to reduce sample-run errors and sampling bias arising from using small risk scenario samples to replicate a very large population distribution at the tails.

Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: Since the international financial crisis, accounting standards have become an important part of financial supervision rules, which objectively requires us to study the reform and development of accounting standards from the perspective of financial stability. Since the release of IFRS17 in 2017, the research and discussion of IFRS17 in the insurance industry has focused on technical details and implementation, while the economic impact and pros and cons analysis of IFRS17 are few. As a result, the industry's understanding of IFRS17 is not comprehensive enough, and there are still many disputes, and no industry consensus has been formed. In the future, the insurance industry should strengthen the research and analysis of IFRS17 from the perspective of financial stability, deepen the understanding and cognition of IFRS17, and improve the ability to control and use IFRS17.

Description: In September 2017, the China Insurance Regulatory Commission (CIRC) issued the “C-ROSS Phase II project construction plan”, planned to be used across three years’ time, by perfecting the regulations, improving the operational mechanism and strengthening the regulatory cooperation.

Description: This paper outlines how derivation of many balance sheet items can be improved both at the year end and at interim shipment dates by a company which utilizes data processing equipment. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: This discussion is about how are computers being used for Underwriting of individual policies mortality and morbidity studies, including the derivation of exposures, analysis of claims, etc. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: This discussion is divided in three sections: Further Application, asking how much accounting can be done on computers. Conversion, looking at further functions integrated into the systems by companies converting to Electronic Data Processing function-by-function and Savings, examining if it is any clearer what the ultimate savings from Electronic Data Processing will be. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: This discussion has a look at valuation techniques best suited for Electronic Data Processing equipment and if any basic changes has resulted since the introduction of Electronic Data Processing. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: 1993 SOA Meeting, Quebec. This session is about implementing new technology, choosing between competing technology, problems to watch out for, unexpected benefits, migrating from mainframe to client/server, automating the field force and large-scale networks.