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Old 10-15-2017, 10:25 AM
kl815 kl815 is offline
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Default EOM6 Maintenance of the Model Going Forward

Hello,

I am confused about what to put for the final section of the Blackmore Insurance Company exercise:

Recommendation for maintenance of model going forward
-Data and systems required to monitor future experience
-Processes to implement future revisions to the model

What does it mean by the 'data and systems required'?

Any help or direction is greatly appreciated!
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Old 11-19-2017, 04:46 PM
whatdoactuariesevendo whatdoactuariesevendo is offline
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the data and systems required to maintain the model with the changes you recommended. If you have new inputs or assumptions for example, you need a method to track those in the future so that the company will eventually build some experience for future maintenance.
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