Description: This article presents a case study that examines the implication of using real-world interest rate scenario generators with a block of fixed deferred annuities. We contrast cash flow testing results based on New York 7 deterministic scenarios to stochastic scenarios generated with the Academy Interest Rate Generator , as well as an alternative economic scenario generator designed explicitly to capture the risk of a persistently low interest rate environment and the transition to a rising interest rate environment.

Description: The April 2016 Issue of The Modeling Platform

Description: We define what we believe a model validation should entail and the value proposition that it offers.

Description: The article describes the key components of actuarial model, leading practices in designing them, and characteristics of well-built models.

Description: This article is the second installment of a three-part series and is focused on providing an overview of LTC modeling approaches and considerations.

Description: This article is the first installment of a three-part series and is focused on providing an overview of LTC modeling approaches and considerations.

Description: How to deal with worst practices in spreadsheets and still have verifiable results.

Description: A summary of Modeling Section-sponsored sessions at the 2016 Life/Annuity Symposium, covering model risk management, model governance, and model efficiency.

Description: This article discusse key considerations to account for while planning for and executing the initial actuarial model handoff from development to production.

Description: The authors explore a new approach to the premium persistency assumption in universal life products.