Model building is useful for much of the work completed by actuaries, including cash flow testing, budget analysis, embedded value, risk management, actuarial appraisals, C-3 Phase II RBC and SOP 03-1. Attendees will get a thorough introduction to liability model building. This session is perfect for those who have limited experience or need a refresher.

Expert panelists will explore the basics of liability modeling including:
• Setting goals and objectives
• Model point selection
• Reflecting product guarantees
• Appropriate model granularity
• Static and dynamic model validation
• Efficient model refresh processes
• Assumption development
• Reconciliation of modeled financial results to actual.

Attendees will have a better understanding of the building blocks of liability modeling.