1. Research Working Party on the Public - Access DFA Model - Update
Robert J. Azari
CAS Spring Meeting – June 2008

2. Research Working Party on the Public - Access DFA Model
Morgan H. Bugbee, Co-Chairman
Patrick J. Crowe, Co-Chairman
Joel E. Atkins, Member
Robert J. Azari, Member
Thomas P. Conway, Member
William D. Hansen, Member

3. DFA = Dynamic Financial Analysis
Excel model to simulate property & casualty insurer financial results
Built in mid-90s by Miller, Rapp, Herbers and Terry and U. of Illinois
Download Dynamo 3:
Casualty Actuarial Society Dynamic Risk Modeling Web Site:
(we plan to post Dynamo 4 to this site shortly)

4. Dynamic Risk Modeling Committee Goals for Dynamic Financial Modeling
Phase 1: Documentation and evaluation of the components of the existing model
Phase 2: Identification of selected enhancements to the model
Phase 3: Implementation of selected enhancements
Phase 4: Ultimately, consider “open source” framework for public-access model

5. Phase 1: Documentation and Evaluation of the Components of the Existing Model

6. Working Party Phase I Product:
Manual to Document and Evaluate Dynamo 3
For Each DFA Model Component:
A. Description of worksheet
B. How it interrelates with other components
C. Errata
D. Assumptions

7. Working Party Phase I Product:
New Version: Dynamo 4
Changes based on selected errata and assumptions
Next Steps:
Comments on manual from Dynamic Risk Modeling Committee
Dynamo 4 is being reviewed by one of the original authors
Post manual and Dynamo 4 on CAS web site
Possible call for papers on changes to DFA model