Actuarial
1960s – Actuarial – Snippets
Actuarial – Snippets – 1960s All these methods are based one way or another on the ancient truth that the present value of benefits, expenses, and margins must equal the present value of premiums. When one considers the interest assumption, it must be remembered that rates are presently very high but may be showing signs…
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2000s – Actuarial – Snippets
2000s – Actuarial – Snippets C. Life Insurance is only Balance sheet where 99% of the reserves (the major liability risk item) include no indication of what the company actually believes about the listed future obligations other than that they are adequate. (p49) 2001 12 – AAA to NAIC – Risk Management in the Insurance…
Read More1970s – Actuarial – Snippets
1970s – Actuarial – Snippets The consumerists are having a fine time these days with the life insurance industry about which it seems there is nothing favorable to be said. A distinguished member of the Senate* is agitating for a “truth in life insurance” law and this provoked the following comment from one newspaper: “Probably…
Read More1950s – Actuarial – Snippets
Actuarial – Snippets – 1950s The approach in this paper is to follow the precept of the proverb “Better one picture than ten thousand words!” — by an actuarial proverb– “Better one ratio than ten thousand words!” — Arthur Pedoe 1952 – SOA – The Trend of Life Insurance Company Expenses, Society of Actuaries -…
Read More1980s – Actuarial – Snippets
1980s – Actuarial – Snippets Whenever you are working on something new and innovating, it is always a good idea to look back and see what the ancients called it. — Charles W. McMahon 1980 – SOA – Product Innovation – Response to Consumer Needs in the 1980’s, Society of Actuaries – 14p Some of our…
Read MoreThe Actuarial Foundation – Emeritus Trustees
The Actuarial Foundation – Emeritus Trustees The Actuarial Foundation – Emeritus Trustees – 2023 — [BonkNote] Cecil Bykerk Sam Gutterman engage.soa.org///Sam-Gutterman Anna M. Rappaport Charles E. Rohm Walter S. Rugland David K. Sandberg Thomas C. Sutton Mavis A. Walters Charles E. Rohm, This leads to the second attitude adjustment that is needed. The old distinction…
Read MoreJOAP – Journal of Actuarial Practice
JOAP – Journal of Actuarial Practice digitalcommons.unl.edu/joap/ 1993-2006 – JOAP – Journal of Actuarial Practice – [link] 1994 – JOAP – Journal of Actuarial Practice, Volume 2, No.2 – 137p
Read MoreSOA – Groups
SOA – Groups Special Committee on Nonforfeiture Values 1997 – SOA – “Actuarial Counseling” – A New Role for the Actuarial Profession, Society of Actuaries – 21p Task Force on the Personal Actuary: 1999 – 2000, Finance Practice Area Committees SOA – Committee on Valuation and Related Problems 1981 – SOA – The Impact of Inflation on…
Read MoreCurrent Experience
Current Experience At one point in the dividend philosophy discussion, there was some consideration of how to enunciate a principle that would clearly state that new money presentations for illustrations based on elements that reflected a rate of inflation were acceptable, whereas other types of projections were not. This becomes very difficult because inflation can…
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