Financial modelling for life insurers
Course description
Target group
This course is especially designed for life insurance professionals who are interested in the modelling of assets and liabilities and who wish to gain a comprehensive overview of the uses and purposes of financial models. The course appeals to those who enjoy the challenge of group-type assignments.
Training goals
Participants become familiar with the techniques used for modelling liabilities, come to understand the matching of assets and liabilities, and explore the concept of stochastic mortality and interest rate modelling. They sharpen their skills in model formulation and interpretation.
Content
- Liability models
- Performance metrics
- ALM
- Stochastic mortality and interest rate modelling
- Asset adequacy analysis
- Embedded value and value-based accounting
- Fair valuation of life insurance liabilities
Benefits
The course will enhance the understanding of financial models. Attendees will acquire practical experience in formulating and applying models to assess the value of a block of business, will be able to grasp the financial effect of new business and determine the adequacy of reserves.
