What is the Actuarial Control Cycle?
Channel: MJ the Fellow Actuary
Date: 2017-08-12

All actuarial problems can be addressed using the Actuarial Control Cycle. It contains 5 elements.
The 3 main ones are:
A) Define the Problem
B) Develop the Solution
C) Monitor the Results

The other 2 are:
D) Understand the economic environment
E) Approach with professionalism