Exposure Draft of Principle-Based Reserves Model Governance Practice Note Released

The Principle-Based Reserves Model Governance Practice Note Subgroup of the Principle-Based Reserves Strategy Subgroup released a draft model governance practice note to provide additional information for practicing life actuaries seeking to better understand models, model risks, model governance, and related issues, as these actuaries implement principle-based reserving (PBR). The deadline for comments is Jan. 2, 2017.