Having trained in actuarial methods
in Montreal, then in San Francisco, Alaoui has always seen himself as an entrepreneur.
As the actuarial science field has changed in the past two decades with advances in predictive modeling, modern financial economics, and statistical computing methods, there has been a great need for developing modern actuarial methods
that focus on the computational aspects of actuarial science.
This part of the process is based on evaluation of claims data using suitable actuarial methods
OPEB Governance and Administration aligns the best practice with the Sustainable Funding Practices for Defined Benefit Pensions and Other Postemployment Benefits, recommends conducting an audit of actuarial valuations to review the appropriateness of the actuarial methods
, assumptions, and their application.
We completed our annual review of actuarial methods
and assumptions in the third quarter, resulting in a net reserve strengthening of $455 million.
Pension plan financial reports also include information on annual required contributions, which are determined by actuarial methods
While the analysis of risk has been a mainstay of the industry throughout the years--using well-proven actuarial methods
and well-understood data--the speed of growth and potential for new and unseen risk has sounded the alarm for analytic change.
Annual payments into a pension trust fund are determined by approved actuarial methods
that are designed to make the plan fully funded at some point in the future: these annual payments are also known as the "annual required contribution" (ARC).
These plans are scheduled to make their payments over decades, and they set up actuarial methods
and processes, investment assumptions, and strategies on the basis of a long horizon.
That would make it easier to aggregate loss information, analyze it with standard actuarial methods
, compare past exposures to present conditions and forecast potential outcomes.
and assumptions are chosen to provide the desired pattern for spreading the plan's cost over the years it will be in effect.
Six actuarial methods
are allowed; however, special disclosure is needed it the aggregate actuarial cost method is used.