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Old 04-05-2012, 11:15 AM
A Student A Student is offline
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Originally Posted by JMO Fan View Post
When the NY7 were created, many thought that the non-level ones were pretty extreme. Recent reality: we've witnessed volatility that makes some seem more realistic. Appointed actuaries must be more careful about ignoring low-interest risks.
I've heard most actuaries take the opposite side of the volatility position. The complaint on the NY7 scenarios in the current environment is not that they are low or can fall low, but they exhibit zero volatility (level scenario) or very low volatility (down scenarios because of the floor) for 30,50, 70, or ??? years for companies projecting long tail liabilities. Its that lack of volatility that makes the NY7 level and down arguably "beyond moderately adverse" and suggests stochastic scenarios give better measures for long tail liabilities.
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Old 11-03-2017, 10:28 AM
kimjongfun kimjongfun is offline
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Where can I find updates to the NY7 and other cash flow testing interest scenarios? Are these posted online somewhere?
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Old 11-07-2017, 03:57 AM
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A link to the NYDFS site can be found in the footnote to question 32 in the current Asset Adequacy Analysis practice note through the Academy.
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