Description: The article warns against treating the results of a stochastic model with more deference than other actuarial analysis, and describes some hidden risks involved with choice of model and calibration.

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: A brief introduction to a new SOA research on liability-driven investment benchmark model.

Description: The first annual SOA Predictive Analytics Symposium was held in Chicago and exceeded all expectations in attendance, presentation quality, and relevant content.

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: A discussion on the starting point of building a predictive model.

Description: An outline of a formal framework for describing models, inspired by the operational context of governance, management, and use of models.

Description: A data format for mortality tables along with applications.

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

Description: Article presents issues for postretirement medical on models, data and the frail elderly. From Health Section News, December 2000, Issue No. 39.