1
Q
What is a sensitivity analysis?
A
It is the analysis of the impact to the results by changing the inputs to the model
2
Q
What should the member do regarding the outcome of a sensitivity analysis?
A
Where appropriate, the member should communicate the results of any sensitivity analyses to users of the technical provisions
APN 401
flashcards
Decks in class (20)
# Cards
-
Intro5
-
Overview7
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Data9
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Components of TPs8
-
Methodology and Assumptions11
-
Margins5
-
Sensitivity Analysis2
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Roll-forward of TPs2
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Change in valuation model/basis changes3
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Case Estimates and Large Claims4
-
Inflation4
-
Discounting4
-
Expenses4
-
Gross/net of reinsurance and other recoveries5
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Run-off / wind-up basis5
-
Materiality3
-
Movement Analysis2
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Reasonability of results2
-
Actuarial Report4
-
Glossary27
