Model Behavior: Managing Your Modeling Risks

The recent financial crisis demonstrated that sophisticated computer models are no substitute for sound judgment. As the life industry begins its recovery, companies and regulators alike are reconsidering the complex tools on which our business now depends and how to improve our collective skill at using them.

Darin Zimmerman, Senior Vice President and Chief Actuary, discusses the near-term future of modeling with Donna Claire, president of Claire Thinking, Inc., a consulting firm which specializes in risk management and regulatory issues.

http://www.transamericareinsurance.com/UserFiles/Forecaster/F_3q09_Web.pdf