KAMAKURA RISK MANAGER AND ACTUARIAL STANDARDS OF PRACTICE NO. 7 AND
NO. 14
CASH FLOW TESTING
Kamakura Corporation is pleased to include among its clients a large
number of the world's most sophisticated insurance companies.
Kamakura is often asked about the conformance of Kamakura Risk Manager
analytics, developed under the direction of Professor Robert Jarrow, and
the “cash flow testing” specifications of the Society of Actuaries under
Actuarial Standards of Practice No. 7 and No. 14.
Kamakura Risk Manager not only meets but far exceeds the standards
specified by Actuarial Standards of Practice No. 7 and No. 14. For the
convenience of those readers interested in the specific capabilities of
Kamakura Risk Manager as they relate to the actuarial standards of
practice, Kamakura Corporation has annotated the text of the standards
and noted that text as a Kamakura comment with bold and italics. Please
address any comments or questions to Kamakura Corporation.
For more on the use of term structure models used by Kamakura Risk
Manager in insurance applications, please see:
Advanced Financial Risk Management by Donald R. van Deventer, Kenji Imai
and Mark Mesler of Kamakura
Corporation.
460 kb PDF KAMAKURA
RISK MANAGER AND ACTUARIAL STANDARDS OF PRACTICE NO. 7 AND NO. 14 CASH
FLOW TESTING
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