MRM P&C - Independent Benchmark Replication

Purpose

MRM P&C - Independent Benchmark Replication supports model validation by building simplified surrogate models to replicate and compare benchmark model behavior, with the goal of validating outputs and detecting potential model instability.

Primary users

The primary user is not specified in the provided information. The agent is owned by Ronan Davit and is associated with the AQS team.

Where it fits (process/stage/trigger)

This agent fits within insurance model risk management or model validation activities, particularly when benchmark model results need to be independently replicated and compared against input and output data.

Key capabilities / workflow

The agent analyzes available input data, output data, and benchmark model results, builds simplified surrogate models, compares replicated results with benchmark outputs, and supports the detection of potential model instability.

Inputs

Typical inputs are not specified beyond the available dataset, which includes input data, output data, and benchmark model results.

Outputs / Deliverables

Outputs are not specified in the provided information. Based on the stated use case, the expected deliverable is validation support for model outputs and potential instability detection, but no formal output format is specified.

Value

The agent provides value by supporting independent benchmark replication for insurance models, helping validate model outputs and identify potential instability using simplified surrogate modeling.