Ruark Behavioral Analytics Advisory Council – next call June 23 at 2pm Eastern

Our next meeting is coming up soon.

This is by invitation only, so please RSVP if you have not done so already, or contact us if you are interested.  We plan to share 3 key things:

  • Starting the modeling process with relevant industry data, then tailoring to each company, typically leads to better assumption models than what an individual company can do using only its own data. We will demonstrate this with model factor selection, standard error terms for coefficient estimates, and actual-to-expected ratios.
  • Integration of models across behaviors is important. We will demonstrate this by showing the impact of partial withdrawal history on surrender behavior.
  • In collaboration with the UCONN Goldenson Center for Actuarial Research, we have developed a very powerful modeling approach for partial withdrawal behavior, particularly for GLWBs and the like, reflecting the impact of partial withdrawal history as well as behavioral variations between large ad hoc withdrawals and true income-related withdrawals. We will outline our process for developing these models and how to tailor them to each company, and share sample output.

Friendly reminder that our 2017 FIA industry studies and spring VA industry studies have been completed and are available for purchase, along with related assumption model development and benchmarking services.  If you are a data-contributing client and know what you would like to purchase, please contact us and we will arrange delivery and discussion. Or if you have any questions that would aid in your decision-making, please let us know. Our 2017 service and pricing summary can be found here.