Developing Actuarial Assumptions within the Framework of a Hyper-Inflationary Environment

Evaristo Diz Cruz ； J. Tim Query

《IRA-International Journal of Management & Social Sciences》 6卷3期 (2017/03) Pp. 440-460

https://doi.org/10.21013/jmss.v6.n3.p10

摘要

The primary objective of this research is to determine the impact of actuarial assumptions for work liability valuations in Venezuela. The time frame of interest to the study finds that Venezuela has and continues to experience an extremely volatile rate of inflation. In such an environment, it is imperative that the discount rate be set as a function of the inflation rate plus a premium. This study is focused on the challenges of adopting such a policy given the absence of a well-developed capital market.

關鍵字

Actuarial assumptions payments ； multivariate linear Regression Retroactivity ； Models ； Statistical analysis ； distribution curves fits ； multivariate regression ； Time series ； Curve and distributions fitting ； Actuarial assumptions ； set of curves and distributions ； multivariable regression models ； actuarial liabilities ； IAS 19