Date
Time

2 - 4pm GMT

Venue
Virtual

Stochastic Modeling for Life Insurance: Preparing for Solvency II and a Principle-Based Approach to Reserves and Capital

As recently as the mid-1990's, most models used in the financial analysis of insurance were deterministic, based on static parameters and assumptions - they ignored the fluctuations that were likely to occur.  With the advent of a principle-based approach to reserves and capital and Solvency II, the deterministic approach is being replaced by stochastic models, which can provide more information on the possible range of outcomes for product pricing, reserving and capital management.

This webcast will provide an opportunity to learn the basic concepts of stochastic modeling and to see illustrations of the methods commonly used in risk assessment.

You do not need any special equipment.

You must register in advance.  Then, on 7th December, you will be sent detailed webcast instructions via a broadcast e–mail including the World Wide Web address for accessing the presentation.  Any handouts that are available will be sent as well. You will follow along with both the slide presentation and the audio portion broadcast over the Internet.  The webcast will take place on 8th December at 9 – 11am EST (2 – 4pm GMT).

More information, including registration details

Agenda

The webcast will cover:
 

  • general considerations for stochastic modeling, including common measures, calibration and communication;
  • introduction to stochastic modeling techniques for life actuaries, including Monte Carlo, lattices and bootstrapping;
  • economic risk factors such as interest rate models, credit risks and the use of risk- neutral vs. real-world scenarios;
  • liability risk factors such as mortality models and policyholder behaviour, and
  • case studies of stochastic modeling in life insurance.
Cost (members)
Registration fee starts at $99
Event Type
Webcast
Speakers/Presenters
authors of Stochastic Modeling-Theory and Reality from an Actuarial Perspective
Organizer
IAA Life Section and (US) Society of Actuaries