What is the purpose of the Model Assumptions section in AXIS?
It contains fields related to underwriting (e.g., risk classes) and sales distribution of the product.
What is the Age Distribution Table in AXIS?
A critical table in many AXIS liability modules that defines key product parameters such as issue age, coverage period, and model points.
Why is the Age Distribution Table important in AXIS?
You cannot run a cell without it. It defines issue age, which determines the average size for each model age, coverage period, and model points.
What does ‘Issue Age’ represent in the Age Distribution Table?
It defines the average size for each model age and the coverage period. In AXIS, it’s also referred to as Product Age or Entry Age.
How is a Model Point created in AXIS?
By the combination of issue date, premium mode, and issue age.
