This working party will provide resources to support actuaries working in model validation, such as :

Content:

• Validation tools and techniques and best practice
• Developing efficient validation processes
• Spotlight on industry validation hot topics:
• Solvency UK
• MRM for Banks (and how insurers can learn from the banking experience ahead of the rules landing with insurers too)
• Geopolitics
• Climate change
• Correlation and diversification
• Consistency of IM with business plans and other business processes.
• AI and Machine Learning:
• how to validate these models
• how these approaches can aid with validation itself
• Adding value from validation activity
• Communicating with Boards

Chair: Matthew Byrne

Established: 2026