Description: Presents a summary of the results of the Economic Assumptions Guidance Task Force survey regarding use of economic assumptions in insurance modeling.

Description: This session from the 1983 SOA Hollywood, Florida Meeting looks at the construction of scenarios in futures studies. It discusses the four kinds of scenarios - the Demonstartion Scenario, the Driving Force Scenario, the System Change Scenario and the Slice-Of-Time Scenario. From Record of Society of Actuaries, Vol. 9, No. 4.

Description: This article describes the key elements of a review of an economic scenario generator (ESG), including scoping, parameters, models, and model efficiency.

Description: This article provides an overview of the different types of real world interest rate scenarios that practitioners use in the life insurance industry and explores different approaches to building those generators.

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: Results of an industry survey on life insurance companies' efforts to implement the recently adopted Life Risk-Based Capital Phase II Instructions, which include new requirements for variable annuity contracts. Adopted by the NAIC on October 14, 2005, the new requirements are effective for year-end 2005. Also discusses a summary of the requirements set forth in the instructions.

Description: The April 2016 Issue of The Modeling Platform

Description: View the complete issue for the August 2014 Reinsurance News newsletter.

Description: This article describes some of the drawbacks to the assessment of longevity risk adopted by most practitioners within the UK together with an initiative that provides a platform for an alternative approach that is both (a) more forward-looking in nature and (b) can complement current practices.

Description: Presented at May 1996 Spring Meeting. Teaching session on various types of algorithms that can be used, their applications and their pros and cons.