The appliedlife Library#
Warning
appliedlife is in its active development phase, and its contents are subject to change.
Overview#
The appliedlife library features IntegratedLife, a comprehensive and practical projection model
designed for real-world actuarial tasks.
The IntegratedLife model offers several key features:
Multiple Products: Support multiple products by inheriting the base logic common to all products. Currently, the model supports VA GMAB and GMDB products, with plans to add more in future releases.
Flexible Input: Perform projections with various combinations of input data by simply setting parameters. For instance, specify the model point file and scenario file for a specific run using a parameter file.
Multiple Runs: Define multiple runs within the model, such as a base case for a certain date or a stressed case for another date, thanks to the flexible input feature.
External File Input: All input files are stored externally, outside of the model, allowing for decoupling data and logic.
Excel Output: Output projection results of a sample model point directly to Excel using xlwings.
The cashflow logic in IntegratedLife is based on the CashValue_ME model
from the savings library, with several enhancements.
See IntegratedLife for more details.
How to Use the Library#
As explained in the Copying a Library section, Create you own copy of the appliedlife library. For example, to copy as a folder named appliedlife under the path C:\path\to\your\, type below in an IPython console:
>>> import lifelib
>>> lifelib.create("appliedlife", r"C:\path\to\your\applifedlife")
IntegratedLife uses xlwings in
ProductBase.excel_sample.
If not yet installed, install it using pip or conda.
See also
Library Contents#
File or Folder |
Description |
|---|---|
IntegratedLife |
The |
model_parameters.xlsx |
The parameter file of |
input_tables |
Folder containing sample assumptions, mortality tables and product specs |
economic_data |
Folder containing economic data files |
model_point_data |
Folder containing model point files |