There is one dimension of your actuarial modeling system that’s often viewed as a point of contention. This is the range of options for allowing model changes. Here we’re going to call that the Flexibility vs. Control Spectrum (FVCS). The basic point is this: either your actuarial system can be totally locked-down (Controlled), or it […]
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Change is hard. At least, that’s what we’ve been told. But sometimes change is easy; Way too easy! This is part 2 of our discussion on Model Governance. If you missed the first one, check it out here. Model Change Management can be a tough topic for many people. Model change management programs exist across […]