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The Modeling Platform
By Trevor Howes 9 Model Eff iciency in the U.S. Life Insurance Industry By Tony Dardis 17 A ... MODELING PLATFORM | 9 Model Eff iciency in the U.S. Life Insurance Industry By Tony Dardis In a life ...- Authors: Society of Actuaries
- Date: Apr 2016
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Competencies; Enterprise Risk Management>Governance; Enterprise Risk Management>Operational risks; Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Universal life; Modeling & Statistical Methods>Deterministic models; Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Scenario generation; Modeling & Statistical Methods>Stochastic models; Technology & Applications>Software
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Excel as an IT System
“There’s poor version control in a spreadsheet—lots of different versions are floating around.” “It’s easy ... “There’s poor version control in software—lots of different versions are floating around.” “It’s easy to ...- Authors: Tim Heng
- Date: Oct 2012
- Competency: External Forces & Industry Knowledge>General business skills; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: CompAct
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Operational risks; Enterprise Risk Management>Systematic risk; Technology & Applications>Software
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Spreadsheet Issues: Pitfalls, Best Practices, and Practical Tips
Spreadsheet Issues: ... got a call from Denver, complaining that my annuity payment calculator spreadsheet wasn’t working any ... PowerPoint or Word if you just want to show a table of results, or a graph.- Authors: Mary Campbell
- Date: Feb 2010
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Actuarial Practice Forum
- Topics: Actuarial Profession>Best practices; Technology & Applications>Software
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Abstractions & Working Effectively Alongside Artificial Intelligence
language (a language whose syntax consists of 0’s and 1’s). In software development, one can identify ... the formula for a European call on an underlying S with strike K in the generalized Black-Scholes5 ...- Authors: Dodzi Attimu, Bryon Robidoux
- Date: Dec 2016
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Actuarial Profession>Best practices; Technology & Applications>Computer science; Technology & Applications>Software
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How to Keep Your Spreadsheets Out of the Headlines
spreadsheet creation and control are: • Documentation tab(s): high-level notes on purpose, in- structions on proper ... values, but no indication whether the values are in U.S. dollars or in euros, this can create a great deal ...- Authors: Mary Campbell
- Date: Apr 2016
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Technology & Applications>Software
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Tracking the Flow of Money in a Life Insurance Policy to Compute Cost Basis and Distributions
components of a life insurance policy, as shown in Table 1. Section 72(e) Category Description Possible ... of the investment in the contract Specific type(s) of riders, benefits, or features Outside the Contract ...- Authors: Scott Koehler
- Date: Oct 2017
- Competency: Communication>Written communication; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Taxing Times
- Topics: Actuarial Profession>Best practices; Public Policy; Technology & Applications>Software
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Why Actuaries Should Start Paying Attention to Python
commanded by astronaut John Glenn into orbit. IBM’s FORTRAN (FORmula TRANslation) programming language ... tailored for specific purposes, such as Facebook’s “React” for web programming or R for statistical analysis ...
- Authors: Andrew Webster
- Date: Aug 2018
- Competency: Leadership>Change management; Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Innovators & Entrepreneurs
- Topics: Actuarial Profession>Best practices; Technology & Applications>Analytics and informatics; Technology & Applications>Business intelligence; Technology & Applications>Computer science; Technology & Applications>Software
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Model Governance Checklist
Model Governance Checklist This article covers the American Academy of Actuaries’ “Model Governance ... in-force files, rate tables (e.g., premiums, mortality, interest, asset default) and model point policy ...- Authors: Michael Failor
- Date: Apr 2017
- Competency: Results-Oriented Solutions>Actionable recommendations; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Governance; Technology & Applications>Software
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System Access and Change Controls
System Access and Change Controls Actuarial systems access and change controls are hot topics ... input (e.g., seriatim policies, interest rates, mortality tables, and product settings) through each system ...- Authors: Michael Failor
- Date: Dec 2015
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Governance; Technology & Applications>Computer science; Technology & Applications>Software
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The Importance of Centralization of Actuarial Modeling Functions, Part 2: DevOps - The Path to Actuarial Modernization and Consolidation
The Importance of Centralization of Actuarial Modeling Functions, Part 2: DevOps - The Path ... interest rates have been excruciatingly low and the S&P has been on the rise for the last 11 or 12 years ...- Authors: Bryon Robidoux
- Date: Apr 2020
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: The Stepping Stone
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Management skills; Technology & Applications; Technology & Applications>Computer science; Technology & Applications>Software; Technology & Applications>Automation