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Developing Actuarial Assumptions within the Framework of a Hyper-Inflationary Environment
Abstract
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.
Keywords
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 distribut
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This article is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This article can be used for non-commercial purposes. Mentioning of the publication source is mandatory while referring this article in any future works.
