Version 1.2 of the Projections Toolkit
Date: Apr 30, 2010
Longevitas Ltd is pleased to announce the production release of v1.2 of the Projections Toolkit. This version contains a number of improvements and new features including:
- An Excel-based projection explorer, including automatic calculation of reduction factors and improvement rates using your choice of ICA/Solvency II stress level.
- Excel-formatted downloads including a multi-worksheet format for qx stress scenarios.
- Changes to handling of over-dispersion, including addition of over-dispersion parameter to models in the smooth Lee-Carter family.
- Generation of sample paths for smoothed models using penalty projections.
- Addition of drift-model variants for time-series models in the Lee-Carter family.
- Residual file download and large residual weighting.
Insurers and pension schemes are under increasing pressure to understand the uncertainty over future mortality improvements. An important tool for this is a stochastic projection model, which can be complicated to fit. The Projections Toolkit makes it easy for an actuarial advisor to fit a wide variety of projection models to explore the uncertainties over future mortality.
The Projections Toolkit has particular application for life insurers and reinsurers under Solvency II in the EU.