uModel turns complex life and annuity designs into finished projection and valuation models. It is particularly suited to independent validation, replication, and challenger work. Epsilon Actuarial Consulting LLC builds the model and delivers the results; the client does not need to adopt or operate the software.
Product coverage includes fixed index annuities, variable annuities, universal life, and term life, together with their associated guarantees and riders. The more complex the product, the greater the advantage of using uModel, as additional features can be added by composition.
Engagements include:
The primary focus is liability modelling. The same framework is used for asset modelling, such as credit migration and alternative assets.
Each engagement delivers the agreed seriatim cash flows and reserve results, together with relevant variants, reconciliations, methodology, and explanations of identified differences.