displayName
Actuarial Model Validation
workflowKind
governance
triggerType
scheduled
typicalCadence
semi-annually
complexity
cross-team
description
Validates actuarial models used for reserving, pricing, and capital
adequacy -- reviewing loss development triangle selections and trend
assumptions, testing Generalized Linear Model and gradient-boosted
model implementations against independent replications, evaluating
model discrimination and calibration metrics on holdout datasets,
assessing parameter stability across re-estimation windows, auditing
exposure base accuracy and premium-to-loss linkage, stress-testing
reserve adequacy under adverse scenario assumptions, reviewing ASOP
(Actuarial Standard of Practice) compliance in documentation, and
benchmarking model outputs against industry loss benchmarks. Produces
model validation report, backtesting results, and remediation
recommendations. Excludes model development and rate filing.