Our technical resources are available to software licensees to support your client service. Our fees are based on time and expense. Our back office services include:

1. Creation of liability model for forecasting (a “boot-up”)

   Many investment consultancies do not maintain the actuarial expertise needed to develop the liability model for a forecast. Our team can:

   • Load census data or create synthetic dataset from age/service matrix
   • Code plan provisions and load actuarial assumptions
   • Match current year valuation results for all key liability and cost measures
   • Run core projection and baseline deterministic forecast

   Typically, the process requires latest valuation report and census data and takes 4-6 weeks.

2. Development of capital market simulation

   Many actuarial consultancies do not maintain the investment expertise needed to develop the capital market simulation required for a stochastic forecast. Our team can:

   • Complete a multi-factor term structure simulation according to your parameters
   • Assist in the calibration of the multi-factor term structure model to generate desired bond yields
   • Review your simulation results
   
   
3. Provide assistance with ProVal conversions

   Our team can assist your conversion of large or complex Valuations. Although we don’t offer end-to-end conversions, we can develop an overall strategy with respect to completing the Valuation in ProVal, perform partial “shell” coding, provide guidance on how to code certain formulas, and advise on how to handle certain elements of the Valuation that might not be obvious to a new user.

4. Provide advice and review

   Sometimes all that is needed is another set of competent eyes to take a look at your approach and results. We can usually turn these requests around within the day.

Please contact Hank Freeman at (203) 861-5530 or hfreeman@winklevoss.com for more information.