Description: This is an Excel workbook that can be used as a tool for health insurance companies to model their potential risk exposure from an influenza pandemic. It is based on a model developed for a Society of Actuaries study examining the potential implications of a pandemic on the U.S. health insurance industry. The spreadsheet is saved with many of the same assumptions used in this research and reproduces the results of the exhibits contained in the June 2010 report, 'Potential Impact of Pandemic Influenza on the U.S. Health Insurance Industry.'

Description: This paper presents a proof using the general mean value theorem that under specified conditions, the insurance premium for complete protection against a specified loss will decrease with increasing wealth. From Actuarial Research Clearing House 1994, Vol. 1.

Description: We derive formulas for calculating the premiums that should be charged on policies in a discounted cash flow model with tax reserves and required assets that are determined by regulation. We also determine the unique division of required assets into “reserves” and “capital” that allows the product profitability to be correctly evaluated. That is, the profit after capital charges is zero if the product achieves the return assumed in pricing. We illustrate the concepts using whole life insurance and guaranteed minimum death benefit examples.

Description: This paper develops a theory for the valuation of some kinds of interest sensitive cash flows. A process is derived which takes as input, assumptions about the capital markets and policy holder behaviour, and produces as output interest and decrement assumptions which can be used for conventional actuarial discounting. The methodology is illustrated using some idealized, but tractable, models of conventional non-par whole life insurance. The method is also applied to a simple Universal Life plan. The paper concludes by considering some of the problems encountered when applying the ideas to more practical problems.

Description: This paper explains a method of computation for the probability of survival which may often be more expeditious than the methods in common use, particularly when the number of lives is large. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This paper studies the statistical theory underlying minimum surplus required to protect a group insurer from the insurance, or C2, risk. Followed by 2 submitted discussion papers

Description: This paper presents formulas for the L-Function and shows this function has applications in computing survival rates free from the influence of a given cause of death.

Description: This is the abstract of the paper entitled 'On Simulating the Total Claims Distribution' by Bruce L. Jones. From ACTUARIAL RESEARCH CLEARING HOUSE, 1994 VOL. 1.

Description: Consider a portfolio of insurance policies where the mean frquency of claims for each policy may vary. A reasonable assumption is that the number of claims for a policy is a Poisson random variable. In this paper the author shows how to test this hypothesis under certain conditions. He then presents some nonparametric tests for this and other hypotheses about the risk distribution function. Actuarial Research Clearing House 1992, VOL. 1.

Description: The insurance reserve for an individual contract can be pictured as a quantity which changes continuously from moment to moment in response to the forces of interest and mortality. A different mathematical model arises for each method of defining the death benefit, and in this paper a number of such mathematical models are analyzed. Followed by discussion papers submitted by several authors