If you are an actuary, it is likely that you will come across the term Embedded Value (EV). Embedded Value is one of the reporting regimes - the set of rules of how to perform actuarial modelling and …

An actuary can be perceived as a superhero who helps protecting policyholders against risks. In this post, we will go over the risks that insurance companies face.

The main risks groups are: insurance, market and operational risks.

A proxy model is the simplification of the full valuation model. It should be as close as possible to the full results. The proxy model is faster than the full model.