Implementation of the Liability Adequacy Test in the Czech Republic

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Jiri Fialka, République Tchèque
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Summary:
This paper summarises the methodology for the Czech liability adequacy test, as introduced in a Czech Society of Actuaries’ Guidance Note in 2003, and the subsequent discussions within the Czech Society of Actuaries in the period between April and June 2005. Thanks must go to the active participants of the working group, who enabled both the introduction of the test and the compilation of this paper.
 
Date: 29 May - Time: 14:30 to 16:00 - Room: 341
Theme: 1.B. Solvency measurements and asset-liability management