Seminar on stochastic projection models
We previously ran a seminar on stochastic projection models for longevity risk. Our follow-up seminar focuses on specific aspects of ICAs and Solvency II. The seminar contains four presentations:
- Improving the Lee-Carter model using smoothing techniques (Iain Currie).
- Issues with parameter correlations, illustrated by the APC model (Iain Currie).
- Testing the robustness of an internal model before committing to using it (Gavin Ritchie).
- A value-at-risk (VaR) framework for longevity trend risk (Stephen Richards).
The slide packs can be downloaded from the panel on the right.
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Previous posts
All bases covered
It is fairly obvious by now that we are strong advocates for stochastic projection models. Such models crucially provide a basis with two components - a best-estimate force of mortality by age and year, and matching standard error values for the same 2D range.
Diet? What diet?
A while back I wrote about the lower life expectancy in Scotland. This has a number of drivers, but poor diet is one of them.
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