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What is the Scope of Model Validation?
I work for a European company with a U.S. Life and Annuity division, which means we fall under the ... testing. Other sensitivity examples are having mortality swings 5 percent up/down, lapse rates up/ down ...- Authors: Society of Actuaries, James McClure
- Date: Aug 2014
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Actuary Magazine
- Topics: Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Sensitivity testing; Pensions & Retirement>Assumptions and methods