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The Modeling Platform
into the map. Manual items often require special care and con- sideration in effective model management ... and other indirect experience items as well as direct application of profes- sional judgment to assumptions ...- 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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Model Governance Versus Normalized Policy Deviance
and history of policy deviations should be a primary red flag. A single deviation from model policy ... from isolated behavior, organizations must take care that punitive actions are proportional to culpability ...- Authors: Robert Crompton
- Date: Apr 2018
- Competency: Communication>Difficult message delivery; Leadership>Change management; Leadership>Influence; Professional Values>Ethical standards
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Management skills
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Adding Value with Model Validation
likely to deliver long- term benefits unless the primary objective for each component is adding stakeholder ... establishing controls. A model owner that has been the primary or even sole control over a model may see model ...- Authors: Winston Hall, Veltcho Natchev, Mike Minnes
- Date: Nov 2017
- Competency: Communication>Active listening; Communication>Difficult message delivery; Leadership>Change management; Leadership>Thought leadership; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Governance
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How to Keep Your Spreadsheets Out of the Headlines
joined by Alex Cires, who consults in the health care field at Milliman, and Sandra To, deputy chief ... from the inputs. However, I need to take special care to note any VBA code being used along the way. I ...- 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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System Access and Change Controls
System Access and Change Controls Actuarial systems access and change controls are hot topics ... off in the long term. Whether achieved through direct IT departmental over- sight or more independently ...- 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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Making Spreadsheets Great Again
Making Spreadsheets Great Again How to deal with worst practices in spreadsheets and still ... the links to access unintended data. There is no direct way to detect downstream connections from a workbook ...- Authors: Robert Crompton
- Date: Nov 2017
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices
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Excel Modeling Governance: What Can We Do Better?
Excel Modeling Governance: What Can We Do Better? We discuss the challenges of Excel usage ... that might not be immediately evident in the primary output. Documentation The final step of the modeling ...- Authors: Tim Heng
- Date: Apr 2017
- Competency: External Forces & Industry Knowledge>General business skills; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices