Description: New International Financial Reporting Standards promise to trigger fundamental changes in the role and significance of actuarial models for insurers.

Description: The next evolution of actuarial systems in the U.S. will likely be a move toward a single system solution. This article defines a single system solution and illustrates how models can be shared across actuarial functions, the potential benefits of a single system solution, and describes potential mitigation strategies to address typical actuarial concerns.

Description: In this article, we will describe EY’s five-pillar approach that balances practicality with comprehensiveness, and how this applies to LTC model validation.

Description: This newsletter column by the Modeling Section Chair reflects on his attendance at the 2015 Actuarial Research Conference in Toronto and the relationships between practicing actuaries in industry and those in academia, and specifically those involved in research. How can we help promote academics research that is effective and relevant for practical use? Hopefully the Modeling Section might facilitate that effort.

Description: How to deal with worst practices in spreadsheets and still have verifiable results.

Description: An observation is made regarding the impact interest rate scenarios have on VM-20 stochastic reserves.

Description: Chairperson's thoughts on the evolving nature of actuarial modeling, and results of a survey.

Description: The article explains what considerations one must contemplate when selecting a new actuarial software platform with some real live experiences.

Description: Interview with Ryan Krisac, director of model controls at Penn Mutual Life.

Description: Our paradigm constrains our view of the world, but also provides guidance on how we address and solve problems.