Milliman Cloud Hosted Economic Scenario Simulator (CHESS)

This paper explores options available to address the challenge of deriving market-consistent but stable long-term volatility assumptions for valuation of liabilities.

Challenges for companies in the alternative asset space include building an internal model and accounting for regulatory treatment for capital set aside.

The best 'one-size-fits-all' economic scenario generator solution is one that provides the choice of different methods.

Least Squares Monte Carlo (LSMC) is a widely used proxy modelling technique in the European insurance industry.

The European Insurance and Occupational Pensions Authority (EIOPA) in 2019 published a study on market and credit risk modelling, observing that the equity risk shocks applied by the surveyed internal models are overall…

The principles-based approach under International Financial Reporting Standard 17 (IFRS 17) is both a blessing and a curse.

In the landscape of Solvency II internal models, market and credit are significant risk drivers of the Solvency Capital Requirement.

This report details the use of cloud computing and machine learning in the actuarial profession.

IFRS 17 requires preparers of accounts to derive discount rates for the valuation of the cash flows associated with their insurance contracts.