Description: This article explains the importance of centralizing modeling departments. It goes further and explains the importance of making all aspects of modeling reusable. It explains the consequences of decentralization.

Description: Recent and pending changes in financial reporting standards and regulations such as IFRS 17 and US GAAP Targeted Improvements are ramping up the performance pressures on actuarial models. New infrastructure technology in the cloud is driving modeling options that may well help actuaries successfully and economically meet these challenges and unlock even greater transformational change.

Description: On July 17, FASB announced a deferral of the compliance deadline for the new Long Duration Targeted Improvements (LDTI) guidance: “a one year deferral for larger SEC filers and a two or three year deferral for all other entities.” This article highlights the opportunity for companies striving to comply to modernize in light of this deferral, and it provides a few specific suggestions to companies who pursue this path.

Description: In this article, we talk to Lei Rao-Knight, FSA, Vice President and Actuary at Prudential Financial. Lei discusses her model development experience in the Modeling Center of Excellence.