2024 Membership

2025 Proposed Charges

The Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Risk-Based Capital (E) Working Group and the Life Actuarial (A) Task Force will:

1. Monitor that the economic scenario governance framework is being appropriately followed by all relevant stakeholders involved in scenario delivery.
2. Review material economic scenario generator updates, either driven by periodic model maintenance or changes to the economic environment and provide recommendations.
3. Regularly review key economic conditions and metrics to evaluate the need for off-cycle or significant economic scenario generator updates and maintain a public timeline for economic scenario generator updates.
4. Support the implementation of an economic scenario generator for use in statutory reserve and capital calculations.
5. Develop and maintain acceptance criteria that reflect history as well as plausibly more extreme scenarios.

2024 Adopted Charges

The Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Risk-Based Capital (E) Working Group and the Life Actuarial (A) Task Force will:

1. Monitor that the economic scenario governance framework is being appropriately followed by all relevant stakeholders involved in scenario delivery.
2. Review material economic scenario generator updates, either driven by periodic model maintenance or changes to the economic environment, and provide recommendations.
3. Regularly review key economic conditions and metrics to evaluate the need for off-cycle or significant economic scenario generator updates and maintain a public timeline for economic scenario generator updates.
4. Support the implementation of an economic scenario generator for use in statutory reserve and capital calculations.
5. Develop and maintain acceptance criteria that reflect history as well as plausibly more extreme scenarios.