Description: The April 2016 Issue of The Modeling Platform

Description: After reading the Panjer-Bellhouse paper in the Proceedings of the Ball State University Conference, I wondered whether their technique could be used when a realistic investment process was assumed. I believe that such an extension is necessary if the theory is to have any practical application I have had little success in trying to do this. I have decided to present some thoughts and to invite others with different perspectives to bring them to fruition.

Description: Panel session exploring a variety of issues connected to long-term disability reserve buyouts, including: · Advantages and risks for buyers and sellers · Use of appropriate reserving assumptions · Possible financial structures for a buyout

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

Description: Describes using the new multi-risk scenario generator to create sensitivity tests at moderately adverse probability levels, resulting in margins to use for PBR.

Description: Reviews book entitled Stochastic Theory of a Risk Business by Hilary Seal. Book presents a comprehensive survey of the literature on the mathematical foundations of risk taking as a business.

Description: Survey of appointed actuaries about asset adequacy testing techniques currently being used in 2012.