Latest HeadlinesBuilding a recommendation – remember to substantiate your data assumptionsWhatever methods you use for modelling for insurance requirements, and building your recommendations, one important raw material is good data. Remember if you say that something costs about $x or if interest rates are likely to be y%, then you need to be able to substantiate the use of that assumption. Tuesday, October 4th 2022, 12:12PMby Russell HutchinsonWhat data is most commonly used in insurance portfolio modelling? Here are some of the favourite sources for the information above:Inland revenue has a calculator, of course, for personal tax rates. https://www.cab.org.nz/article/KB00000623Financial facts and data are best sourced from the Reserve Bank of New Zealand to lend a gold-plated seal to your assumptions.

Source: Stuff October 03, 2022 23:27 UTC