Life valuation: the monthly roll-forward is more than a model run
A life valuation team turns policy data, assumptions and model results into a reconciled explanation of insurance liabilities. Reporting basis matters: pricing profit, IFRS results and regulatory capital are different measures.
Work that commonly appears in a close
An analyst validates policy counts and movements, checks model inputs, compares actual experience with expectations and produces a bridge from opening to closing balances. New business, expected unwind, claims, lapses, assumption changes and model changes need distinct explanations.
Under IFRS 17, fulfilment cash flows and the contractual service margin have different meanings. The CSM represents unearned profit for applicable groups; it is not a bank account and should not be described as immediately distributable cash. The applicable measurement model determines the detailed treatment.
Original diagnostic scenario
A liability rises after a model update even though policy counts barely move. Split the effect into data changes, assumption changes and code changes using controlled comparison runs. A successful total reconciliation alone will not identify which change caused the movement.
Routine and project boundaries
Scheduled runs, validation and reconciliations recur. Product onboarding, assumption reviews, reporting changes and model migrations are projects. A junior role can involve considerable checking and documentation before it involves changing valuation assumptions.
Ask which reporting bases the team owns, who reviews the results, and whether the analyst also supports capital or experience studies.
Reading sources
ActNet editorial guide · October 1, 2026 · Original illustrative examples.