Description: This article describes the financial modelers’ manifesto. Focus is on how difficult it is to model financial instruments when there is a human element involved.

Description: This article discusses the reliance the banking industry placed on sophisticated mathematical models.

Description: This article discusses important implications of the upcoming Long-Duration Targeted Improvements (LDTI) accounting change for the modeling actuary. We discuss the modeling implications of new GAAP standards for Market Risk Benefit (MRB), including identification of MRBs, implementation of fair valuation in actuarial systems and retroactive determination of at-issue valuation inputs for transition. We also examine the modeling implications of the other aspects of the accounting change, including Liability for Future Policy Benefit (LFPB), Deferred Acquisition Cost (DAC), and other transition and disclosure requirements

Description: Latest development in IFRS 17 including a first look at companies disclosures and financial impacts, as well as a discussion of some of the run time issues that companies face.

Description: Feature article describing what author thinks it will take for a life insurance company to be successful in the year 2020.

Description: Summary of the modeling-related sessions from some of the major 2018 Society of Actuaries (SOA) meetings: Life & Annuity Symposium, Health Meeting and the Valuation Actuary Symposium.

Description: This article discusses facts and issues related to the selection of a stock’s price distribution.

Description: This paper proposes using a classic actuarial framework of frequency and severity, modified to address the unique challenge of XPL.

Description: Article discussing how geospatial imagery and high-resolution image technology are transforming property insurance.

Description: An update on the Modeling section activities and a look back at the five years since inception