Capital Markets and Yield Curves

We provide consulting, research and technical analysis on emerging issues in insurance. Our work has included developing a yield curve for the valuation of long duration insurance contracts consistent with FASB’s LDTI, consulting with traditional and insurtech entities on mortality and mortality improvement, developing and supporting capital market modeling for short- and long-range forecasting, and helping develop and providing ongoing expert support to in-house predictive analytics capabilities.

Our consultants are strategists and problem solvers—and are experts in data science, predictive analytics, modeling interest rates, capital markets and actuarial science.

Meet some of our capital markets and yield curve experts

Jerry Mingione
Jerry oversaw the development of Willis Towers Watson’s yield curves across a broad range of global markets. These curves were used by large global companies to measure their long-term pension obligations for both FAS and IAS financial reporting. He also worked with companies to develop and implement customized curve methodologies and bond portfolio models.

Jerry is a fully credentialed actuary and also holds the CERA designation. He is a frequent presenter at professional and industry conferences on investment and capital market-related issues.

Lena Black
Lena developed and maintained Principal Financial Group’s yield curve, which was also used by several hundred of their corporate clients for FAS financial reporting. She worked closely with all the major audit firms to explain and support key actuarial assumptions, including the discount rate, mortality and mortality improvement.

Lena is a fully credentialled actuary, a mathematician (PhD) and a CFA Charterholder. She speaks and writes frequently on predictive analytics, capital markets, interest rates, and mortality-related topics.

Liaw Huang
Liaw leads Terry Group’s research into risk scoring and other actuarial applications of data analytics. He is accomplished in asset-liability management, modeling and scenario testing and analysis.

Liaw is a fully credentialled actuary and a mathematician (PhD). He speaks and writes on innovative strategic risk management topics.

Maureen Eichenold
Maureen is a group benefits expert with experience in both the consulting and corporate worlds. She oversees management of our bond database.

Maureen holds an MBA from the University of Chicago with a specialization in finance and a concentration in accounting. She is a Certified Employee Benefits Specialist.