Have you wondered what your regulator thinks about your PBR report or how you stack up compared to other companies? In this webinar, attendees heard from regulators:
A continuation on the previously published issue brief and part of the Data Science and Analytics Committee (DSAC) series, Additional Considerations in Data Science, this webinar examined the key types of data bias that actuaries may encounter and focused on the kinds of biases found in modeling data and the implications for algorithmic outcomes.
The Life Experience Committee released an issue paper, Considerations Regarding Dynamic Lapses in Actuarial Modeling. The issue paper explores items that impact lapses and discusses the impact of dynamic lapses on various life and annuity products, offers sample formulas for use in modeling, discusses how predictive analytics could be an alternative approach to model lapse behaviors, and provides sources of information on lapses.
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