Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Life
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 05-16-2018, 11:57 AM
brakeshoe brakeshoe is offline
 
Join Date: Jan 2004
Posts: 12
Default Cell Testing Policy

Our company recently received some recommendations from one of the states we do business in. They were looking for us to beef up our cell testing policy to be at least annually. Since this could be potentially a pretty heavy lift across all the valuation models we want to make sure we do not go overboard in complying. Can anyone share some information as to whether their company has an official cell testing policy and if so what sort of things are included. Thanks in advance.
Reply With Quote
  #2  
Old 05-16-2018, 03:39 PM
Sleeping Dragon Sleeping Dragon is offline
Member
 
Join Date: Jun 2003
Posts: 128
Default

My department has annual cell testing as part of our Model Audit Rule process. We test around 15 Life policies annually. We test to make sure the relevant valuation inputs are correct by comparing them to the administrative system. We also recalculate the reserves from first principles in spreadsheets and compare them to the reserves we are holding.
Reply With Quote
Reply

Tags
cell testing policy

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 10:11 PM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.13864 seconds with 9 queries