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Long-Term Care Modeling, Part 3: Model Validation
Long-Term Care Modeling, Part 3: Model Validation In this article, we will describe EY’s five-pillar ... Long-term care insurance=LCTI;Model validation;Long-term care reserves;Long-term care=LTC 6442485147 ...- Authors: Jeremy Levitt, Lo Linda Chow, Yuan Yuan, Laura Knab
- Date: Nov 2018
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Modeling Platform
- Topics: Long-term Care>Long-term care insurance
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The Modeling Platform, December 2016, Issue 4
Own Cluster Model By Bob Crompton 20 Long-Term Care Modeling, Part I: An Overview By Linda Chow, ... contributing a serialized article on long-term care; the first installment appears in this issue. As ...- Authors: Society of Actuaries
- Date: Dec 2016
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Modeling Platform
- Topics: Enterprise Risk Management>Governance; Modeling & Statistical Methods
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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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The Modeling Platform, November 2017, Issue 6
Michael Minnes and Veltcho Natchev 33 Long- Term Care Modeling, Part 2: First- Principles Modeling By ... Laura Donnelly give us part two of the Long- Term Care Modeling trilogy, this installment discussing the ...- Authors: Society of Actuaries
- Date: Nov 2017
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Enterprise Risk Management>Governance; Modeling & Statistical Methods>Modeling efficiency
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mp-2018-iss8
and Managing Models By Dodzi Attimu 28 Long- Term Care Modeling, Part 3: Model Validation By Linda Chow ... and Yuan Yuan continue their series on long- term care modeling, looking at model validation and other ...- Date: Nov 2018
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Enterprise Risk Management>Governance; Modeling & Statistical Methods>Modeling efficiency
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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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The Modeling Platform, April 2018, Issue 7
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: Society of Actuaries
- Date: Apr 2018
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Enterprise Risk Management>Governance; Modeling & Statistical Methods>Modeling efficiency
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Chairmans Corner: Modeling Professionalism
require the actuary to use professional skill, care and judgment, and to consider the practical benefit ... and specifically with the need for appropriate care and diligence in the maintenance and use of our ...- Authors: Society of Actuaries
- Date: Dec 2016
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Standards of practice
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And What About Model Efficiency Governance?
And What About Model Efficiency Governance? While Model Efficiency and Model Governance may seem ... model efficiency? At first glance, these two primary interest areas of our section seem to apply to ...- Authors: Trevor Howes
- Date: Apr 2016
- Competency: 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: Enterprise Risk Management>Governance; Modeling & Statistical Methods>Modeling efficiency
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2017 SOA Modeling Sessions Summary Part 2
prevention • Validation techniques to ensure that primary risks of differ- ent types of assets are captured ... outcomes to a client? Although the presenters’ primary work experience is with U.S. corporate defined- ...- Authors: Jennifer Wang
- Date: Nov 2018
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management; 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>Professional development