We have experience in setting up GAAP/DAC and Embedded Value models for insurers both in the U.S. and internationally and have familiarity with Asset liability modeling.
We have experience setting up governance frameworks around open code modeling environments. We can help customize a governance framework for an organization around existing management structures and internal systems. Our Model Governance experience includes:
Model change control process flows
Model coding standards
Peer review processes
Model validation worksheets and dashboards
Presentation and documentation templates
Management approval processes for model changes
Internal systems to track model changes
Network set up for Test, Stage and Production environments
Rules with respect to separation of duties
Model Audit Rule requirements
Read "Model Governance in an Open Source World" written by Rohan Alahakone & Dorothy Andrews. You can find the article at the link below. All our actuaries are have a strong knowledge of model governance.