We introduce , the Internal Risk Model of an artificial life insurer, designed to allow an easy benchmarking of nested simulation techniques for Solvency Capital Requirement ( ) estimation under Solvency II and other actuarial methods. integrates an economic scenario generator and a cash flow...

This chapter advocates a teaching approach for the statement of cash flows (SCF) that includes introduction of the SCF early in the curriculum using the accounting equation format, which helps students visualize the cash and accrual activities. We then adapt this accounting equation format to a...