Description: An economic value model is used by the National Hockey League NHL to allocate salary budgets between players using a method based principally on salary comparison between players with similar statistics.

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

Description: This article introduces IT DevOps to actuaries and how it is applicable to them to improve their modeling efforts and make them more efficient.

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

Description: This article is the second installment in a three-part series on economic scenario generators (“ESGs”). Part I was published in the November 2019 issue. Part II addresses critical considerations in selecting, building, using, and validating ESGs. The article discusses key criteria in understanding ESGs including: - Risk factors - Scenario type - Process and parameterization - Calibration - Number of scenarios - Timing considerations

Description: This article demonstrates how to implement DevOps for data using Moody's Axis. This was described as Model as Data (MAD). It described how extract turn-around documents from the model so they could be loaded back into the model. This feature allows continuous integration, continuous deployment and continuous testing of the model, which are important concepts in DevOps. This will allow the actuaries to speed up the model development cycle.

Description: Overview of Investment Section activity and vision ahead.

Description: This article suggests ways for small insurance companies to obtain modeling information on more intricate assets, such as collateralized mortgage obligations [CMO], at a low cost.

Description: Chairperson’s letter discussing changes that occurred between 2008 and 2009.

Description: Actuarial models have always been an important tool for helping companies project future results and understand risks. As complex models have started to become critical components of the reporting and compliance processes, however, models have vaulted to new levels of importance—and of scrutiny. This has raised everyone’s interest in the management of models, and by implication, in their ability to control the inherent model risk. From Small Talk Newsletter, Issue 37, January 2012.