In this post, we'll walk through the process of calculating the Time Value of Options and Guarantees (TVOG) for a basic life insurance product. TVOG is an important concept in life insurance, as it helps quantify the cost of the guarantees embedded in insurance contracts. Using a stochastic approach, we'll …
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Time Value of Options and Guarantees (TVOG) for Life Insurance

Best actuarial books
In this post, we want to share a list of some of the best actuarial books that helped us understand actuarial science better. This is just our personal list, but we think these books are great for anyone studying or working in the field.
Is there a book you think …

Call option valuation: Black-Scholes vs. Monte Carlo
In this post, we will tackle the valuation of call and put options using two methods: a closed-form formula and a stochastic model. Options are a type of financial instrument that give their owner the right, but not the obligation, to buy or sell an asset at a predetermined price …

Cash flow model output
In this post, we will discuss the output of a cash flow model using the cashflower package in Python. We will explore how to generate grouped output, select a subset of columns, and customise the output format. Understanding how to structure and manage output is essential for effective analysis and …

S3 buckets for actuarial cash flow models
This post is a brief tutorial on using Amazon S3 (Simple Storage Service) to manage inputs and outputs in actuarial cash flow models. S3 is a cloud storage solution that makes it easy to store and retrieve data anytime and it's commonly used for large datasets, file sharing, and backups. …