Evolution of Economic Scenario Generators

Event Type
CPD Event
Date
Time

6pm:  Tea/coffee
6.30pm:  Meeting

Venue
The Alex Hotel, Fenian Street, Dublin 2
Description

Some UK insurers have been using real-world economic scenarios for more than thirty years. Popular approaches have included random walks, time-series models, arbitrage-free models with added risk premiums or one-year distribution fits. Based on interviews with experienced practitioners, this workshop traces historical model evolution in the UK and abroad.

Andrew Smith examines the possible catalysts for changes in modelling practice with a particular emphasis on regulatory and socio-cultural influences. He applies past lessons to provide a non-technical perspective on the direction in which firms may develop real world multi-period economic scenario generators in future.

Please read the IFOA paper here before you attend this event:

 

Speakers/Presenters
Andrew Smith, Aff SAI
Cost (members)
0
Cost (non-members)
€50