Long-term Capital Market Assumptions (CMAs) are a very important ingredient of any investment decision-making framework. However, what sometimes seems to be forgotten, is that these long-term CMAs are also very uncertain.
Calibrating Economic Scenario Generators to realistic correlation structures can be difficult and time-consuming, especially as the dimensions of the models increase.
This paper is relevant for senior actuaries, finance, risk and operations people managing unit-linked business seeking to implement Solvency II unit matching at life assurance companies.
In this paper, our experts discuss some of the issues related to the LRC and LIC measurement under IFRS 17 for P&C insurers, including the following topics:
There are significant challenges facing actuaries and accountants tasked with selecting and implementing the discount curve methodology for their organization. In this three-part guide, topics we explore: