Article
One of the most remarkable skills of an actuary is translating textual challenges into an applicable mathematical model. These robust mathematical models consistently have a connection with legislation or other regulations.
One of the greatest skills of an actuary is translating textual issues into an applicable mathematical model. These robust mathematical models always have a connection to legislation or other regulations.
Currently, the most common translations are performed for issues related to the guidelines of Solvency II, IFRS 17, and the Future Pensions Act. There are significant interpretative components in the process from legal text to mathematical formula. Interpretation that sometimes sparks undesirable discussions. These discussions recur, among others, in model validations, assessments by the regulator, and also among colleagues. Wouldn't it be nice if we could clarify these discussions somewhat?
https://www.actuarieelgenootschap.nl/download/wazige-definities-binnen-het-nederlandse-actuariaat-wat-kunnen-we-doen
