Description: A summary of Modeling Section-sponsored sessions at the 2016 Life/Annuity Symposium, covering model risk management, model governance, and model efficiency.

Description: This article walks through the process of building a cluster model using off-the-shelf software.

Description: We discuss the challenges of Excel usage in companies, and what needs to be considered in order to develop robust modeling governance.

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

Description: This article discusse key considerations to account for while planning for and executing the initial actuarial model handoff from development to production.

Description: Modeling experience sharing by David Yu who leads the retirement product and asset model development team within Prudential Financial

Description: Mandatory implementation of life principle-based reserves (PBR) is just around the corner and there is no shortage of work to do, as most products have yet to be moved to PBR. Oliver Wyman recently completed its 2019 PBR survey, with more than 40 participants covering 85 percent of the individual life market, including 23 of the top 25 life writers and five reinsurers. This article will expand on the key survey findings, including implementation trends, analysis to date, model robustness and common simplifications.

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

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: Description of methods for extracting and reformatting the existing mortality tables using R. Methods and formats for storage are discussed in the second article. Intent is to generate discussion regarding the format of our stored mortality tables. Value is in the demonstration of task automation in R and in the reduction of duplicate work across companies related to reformatting tables.