Month: September 2021

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September 2021: Academy Interest Rate Generator, Array Aggregate Enhancement and Additional Projection Scope Control

NEW

Academy Interest Rate Generator

The economic scenarios you know and trust from the American Academy of Actuaries and SOA’s ‘Academy Interest Rate Generator (Version 7.1.202105)’ can now be generated without having to leave the application. SLOPE provides in-app generation for up to 1,000 scenarios with a quarterly, semi-annual or annual time step.

Upon generation, your ready-to-use economic scenario file can be found in both the File Manager and Economic Scenario Tables within your model. Additional information on how to create an Academy Interest Rate generated scenario can be found on our support site here. 

Please note that generation may take a few minutes for larger scenario sets such as that shown below. 

Defaults for Single Value (Formula) Array Aggregates

SLOPE now allows users to specify a default value when a Single Value (Formula) Array Aggregate does not match any values in the array. When ‘Ignore’ or ‘Warn’ is selected for ‘On Failure’, a default value can be specified. 

Slope Library Models

The Slope Life Library will now be published in a copy-only format under a new Library Models tab within Model Development. This will ensure that clients always have an unedited version of the library models available for copying. All future versions of the Slope Library will be made available here along with Version 2021.8 and 2021.3.  

Exclude Variables by Tags

Specific variables can now be excluded from being calculated using variable tags. This offers increased control over the scope of projections and run times. A common application for this feature is to exclude variables for a specific accounting basis (e.g. US GAAP). Previously the application supported the inclusion of specific variable tags only. 

At the top of projections, you will now see an ‘Included Variable Tags’ and ‘Excluded Variable Tags’ section.

Model Point File Filters on Projection Templates

Users can now add Model Point Filters when adding products to projection templates making it easier to run and re-run a subset of your policies. This functionality that was available on projections has now been added to templates.

IMPROVEMENTS

  • Added Table Name and Version to the Patch Projection endpoint on the API so tables can be specified with ID or Table Name.
  • Index formulas will be preserved when switching table references in a table formula when the index column names on the tables match. 
  • Products can now be added to both projections and projection templates without a model point file so you can select your file at a later time. 
  • Increased the vertical height of the Explore view in Analyze and added a handle for window resizing (lower right corner). 
  • Added a scroll bar to the Table Structure list.
  • Snapshot descriptions can now be modified after snapshot creation.

FIXES

  • Upon adding a product to a new projection, the Data Tables section will now load without requiring a page refresh.
  • SLOPE will now prevent users from entering invalid characters in the Excel file name when creating a Data Table.
  • Dynamic array portfolio variables are now working properly with product aggregate output groupings.