26
Stochastic Modeling

 
Report from AAA PBR Committee. Why should the industry promote and use Principle Based Reserves? How do you construct the model? What makes the model better and what are the pitfalls to be avoided? How does PBR tie in with the SOA's LTC volatility reports? Where do we find the most sensitivity and volatility?

Allen Schmitz - Milliman, Inc
Rachael Brewster - PricewaterhouseCoopers
Paul Morrison - RGA International Corporation