present a simulation-based approach by fusing eleven macroeconomic factors using Neural Networks (NN) to build an Economic … Factor-based Predictive Model (EFPM). Then, we combine it with Copula-GARCH simulation model and the Mean-Conditional Value …

The nested-simulation is commonly used for calculating the predictive distribution of the total variable annuity (VA …) liabilities of large VA portfolios. Due to the large numbers of policies, inner-loops and outer-loops, running the nested-simulation … models is incorporated into the nested-simulation algorithm so that the relationship between the inputs and the outputs of a …

simulation-based approach by fusing a number of macroeconomic factors using Neural Networks (NN) to build an Economic Factor …-based Predictive Model (EFPM). Then, we combine it with the Copula-GARCH simulation model and the Mean-Conditional Value at Risk (Mean …