The nestedlife project has the same annual projection
model of basic traditional life policies
simplelife, but at each projection step,
a nested projection going forward from the step is carried out.
The outer and nested projections share the same base assumptions, but
the assumptions of the nested projections can be adjusted based on how
the outer projection develops up to each projection step at which point a
nested projection starts.
The main purpose of this model is to simulate actual/realistic cashflows as the outer projection, and expected future cashflows at each projection step as each of the inner projection.
Input Space and
Economic Space hold
input data read from input.xlsx.
is the same is the one in
simplelife, and calculates
commutation functions and actuarial notations.
PV serve as
base Spaces for
OuterProj is for carrying out outer projections,
As is the case of
OuterProj is parametrized with
Projection represents the Projection Space for Policy 1.
The present values of the cashflow items are also calculated in
For example, the expression
returns the present value of net cashflows for Policy 1.
Input from files
Assumption input and calculations for individual policies.
Commutation functions and actuarial notations
Present Value mix-in Space
Policy attributes and policy values