lifelib v0.3.0 (9 October 2021)

This release introduces a new library and some updates. To update lifelib, execute the command:

>>> pip install lifelib --upgrade

New Library

The savings library is introduced. The savings library is for modeling savings products, such as universal life, unit-linked, variable life and annuities. The library includes two models, CashValue_SE and CashValue_ME. The models project cashflows and account values of generic hypothetical savings products. See The savings Library page for details.

Fixes and Updates

• The inflation factor in basiclife is updated so that the factor is compounded every month instead of once every year.

  • basiclife.BasicTerm_S.Projection.inflation_factor()

  • basiclife.BasicTerm_M.Projection.inflation_factor()

  • basiclife.BasicTerm_SE.Projection.inflation_factor()

  • basiclife.BasicTerm_ME.Projection.inflation_factor()

• The formula of the number of lapse in basiclife is updated so that the number of lapse is based on the number of polices after deduction of the number of death.

  • basiclife.BasicTerm_S.Projection.pols_lapse()

  • basiclife.BasicTerm_M.Projection.pols_lapse()

  • basiclife.BasicTerm_SE.Projection.pols_lapse()

  • basiclife.BasicTerm_ME.Projection.pols_lapse()

• The base spaces of ifrs17sim.model.OuterProj are now in the order of IFRS and BaseProj.