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


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 04-05-2012, 11:15 AM
A Student A Student is offline
Member
Non-Actuary
 
Join Date: Dec 2001
Posts: 3,679
Default

Quote:
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.
Reply With Quote
  #12  
Old 11-03-2017, 10:28 AM
kimjongfun kimjongfun is offline
Member
SOA
 
Join Date: Jan 2015
Posts: 769
Default

Where can I find updates to the NY7 and other cash flow testing interest scenarios? Are these posted online somewhere?
Reply With Quote
  #13  
Old 11-07-2017, 03:57 AM
wat?'s Avatar
wat? wat? is offline
Member
SOA AAA
 
Join Date: May 2004
Location: Hi
Studying for beer
Favorite beer: Fresh Squeezed IPA
Posts: 33,146
Default

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.
__________________
"Mathematical Induction: How mathematicians manage to suck all the fun out of lining up a row of dominos, knocking the one on the end down, and watching the entire row fall." -BC
Skip it. - AG

AO Golfers Unite! Here and here.
Chase Sapphire Reserve Referral? clicky
Reply With Quote
Reply

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 11:56 AM.


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 0.13640 seconds with 9 queries