Collaboration

  • But nowhere has there been a serious, full dress attempt to re-define the modern American insurance transaction as a sui generis <unique> matter.
  • Perhaps the job is too big, or too dull.

1950 - THE SPECIAL NATURE OF THE INSURANCE CONTRACT: A FEW SUGGESTIONS FOR FURTHER STUDY, FRANKLIN M. SCHULTZ - 15p

  • The first step the industry has to take is to recognize the things that we have debated.
  • These are all controversial questions and we cannot deal with them as if we are sheep without a bellwether.
  • There is bound to be a controversial element in anything that enlightens the public to these differences and gives them a more intelligent basis for choice than they have at the present time.
  • As long as we are committed institutionally to unity, we are unlikely to be able to take the first necessary step.

.....start to announce more steadily and more clearly that these differences do exist.....

-- E. J. MOORHEAD

1977 - DEBATE, "RESOLVED. THE LIFE INSURANCE BUSINESS, AS TRANSACTED TODAY, IS IN ITS TERMINAL STAGES, Society of Actuaries

Director Cameron asked whether CIPR developed resources for producers to use that could help explain complex products.  Mr. Karapiperis said that was not a current focus of CIPR.

2018-3, NAIC Proc.


Mr. Gendron said the Center for Insurance Policy and Research (CIPR) is looking to facilitate communication with academics on consumer issues, from both a risk management perspective and a consumer understanding perspective; it could also inform the disclosures contemplated in Model #245.  (p16)

2019 0824 - NAIC Life Insurance and Annuities, National Meeting -  Summer

  • Donna M.

University of Michigan - Industry Partnership Program (IPP)

https://sites.lsa.umich.edu/actuarial-ipp/wp-content/uploads/sites/445/2016/10/ARC-Presentation.pdf

I have been present at such meetings more than once when the  whole course of a debate on some important question was changed by the halting remarks of some man who was reluctantly moved by a compelling sense of responsibility to combat theories and statements which had been glibly presented and generally accepted and which he knew to be erroneous, wholly or in part.

Alexander C.  Humphreys, President of Stevens Institute of Technology

1920, Proceedings of the Association of Life Insurance Presidents - Annual Meeting, Life Insurance Association of America: Volume 14

  • We are a research body and an education body to help educate the public on why these are not guarantees, and how they should be looking at these in terms of flexibility.
  • I'm not talking about numbers now.
  • I'm talking about perceptions and concepts regarding the nonguaranteed elements of a contract.

--  Barbara LAUTZENHEISER

1992LIFE INSURANCE SALES ILLUSTRATIONS, Society of Actuaries - 16p

In addition to our education system, the body of actuarial knowledge itself needs the nutrition that the academic world can supply.

Academics look at problems differently than those of us in the practical world, and that difference in perspective can supplement, in a healthy way, the growth and evolution of the basic subject.

1986 ADDRESS OF THE PRESIDENT, RICHARD S. ROBERTSON, Society of Actuaries

1998 - ARIA promotes interaction of academics, industry, Society of Actuaries (act-1988-vol22-iss08-huntington) - 3p

He pointed out, however, that ARIA is the organization for insurance academics and symposia of this type will serve to foster research in insurance regulation. He said the purpose of the symposium would be to promote interaction between insurance regulators and academics and provide for thoughtful discussion of important regulatory and public policy issues in insurance. Each symposium could be organized around a general theme as opposed to a narrow topic, which would provide some degree of cohesiveness while broadening the potential interest in the symposium. The symposium would be oriented toward applying theoretical concepts and critical analysis to practical regulatory problems. Papers would be solicited and presented on topics related to the symposium theme and sessions would be organized around the different topics and papers. Participants in the sessions would represent a range of perspectives including regulatory, academic and industry. The primary focus would be discussion of the papers but participants would be encouraged to present general views on the topic as well.
President Walsh said he believes that the symposium will significantly contribute to regulators' and academics' understanding of important policy issues in insurance. Upon motion duly made and seconded, the subcommittee received the report on the overview of the Annual Regulatory Issues Symposium.

1994-4, NAIC Proceedings

I am very much delighted, Mr. Chairman, to find this contrariety of views among the gentlemen assembled here from the twenty-one different states.

Although it may not seem to be exactly in the process toward harmony to commend  dissimilar views; but I have no doubt that it is the precise road to harmony.

-- REMARKS MADE By HON. WILLIAM BARNES.

1871, NAIC Proceedings <National Insurance Convention>