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  • The Interrelationship Among Inflation Rates, Salary Rates, Interest Rates, and Pension Costs
    salary assumption can be represented by the function s~ (y < x < r), where 100 (sJs~ - 1) yields the percentage ... salary increase during age x is equal to I + P + (s~+l/s~ -- 1). If the salary and interest rates are separated ...

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    • Authors: Glenn D Allison, Barnet N Berin, Donald P Harrington, Brian Arthur Jones, Richard Kischuk, Robert F Link, Howard E Winklevoss, Charles L. Trowbridge, Miguel A Ramirez
    • Date: Oct 1975
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Transactions of the SOA
    • Topics: Modeling & Statistical Methods>Sensitivity testing; Pensions & Retirement>Assumptions and methods
  • 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 ...

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    • 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