Optimization of Actuarial Calculation Processes by Application of Stochastic Methods
The approach presented in this paper is a contribution to research on the optimization of actuarial calculation processes.
The social insurance companies are required by law to integrate technical provisions into their liabilities and to take them into consideration, insofar as they can guarantee future commitments vis-a-vis their members and/or subscribers. The calculation of its provisions is a major issue for hedge funds.
This work has the following objectives: to evaluate the costs and to properly manage the technical provisions taking into account the rates of regulations, the future constraints, and their random nature.
KeywordsRisk management Actuarial calculations Solvency Technical provisions Deterministic methods Stochastic methods
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