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The evolution of the discount rate for measuring employee benefit obligations under AS15(R)

August 27th, 2014 No comments

This paper by Milliman consultants Danny Quant and Simon Herborn provides an update for the quarter ended June 30, 2014, on discount rate changes as they apply to liabilities under AS15(R), India’s accounting standard for the cost of providing employee benefits. Implied yields have fallen since March 31, 2014. The impact of this fall will depend on the weighted average expected future working lifetime (WAEFWL) of employees.

ASOP’s Fables

July 13th, 2011 No comments

Actuarial work is governed by certain standards of practice, known as the ASOPs—Actuarial Standards of Practice. The videos below were developed to bring the ASOPs to life, a series we call “ASOP’s Fables.”

If people express interest we can develop more ASOP droid videos—or this may be the only contribution to the genre.