Description: This is a discussion of the paper, 'Payment of Reserve in Addition to Face Amount' by Paul W. Nowlin and T. N. E. Greville, which discussed a method for determining the level premium for such coverage. This discussion applies risk theory to the insurance discussed in the paper.

Description: This paper will use a sample example to examine the relationship between the pricing objective of ROI and the corporate profit measure of ROE. From Transactions of Society of Actuaries 1987, Vol. 39.

Description: In this paper a model of term insurance experience is constructed on the basis of mortality classes theory and utility theory. The model generates a complete set of mortality, withdrawal, and conversion rates on term insurance and of mortality rates on converted policies . The resulting decrement rates can be used in a Jenkins-type formula to calculate gross premiums.

Description: This paper presents ratemaking for nonparticipating life insurance including the relationship between gross premiums and profit margins, suitable assumptions, a technique for evaluating in force business and demonstrating results using the methods. The paper is followed by a discussion. From Transactions of Society of Actuaries 1959, Vol. 11, No. 30 AB.

Description: Discusses considerations in preparing rate books and policy forms based on the 1958 CSO Table, the advantages and disadvantages of early adoption of premium rates and values based on the 1958 CSO, and premium structures - banding, policy fees, etc.

Description: This paper develops a method of developing and pricing life insurance based on game theory. The interests of the agent, company and insurance prospect are taken into account. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 56 AB.

Description: This is a discussion of the paper published by Charles A. Ormsby titled, 'The Cost to Reinsure Individual Life Insurance Policies'. Discussion includes: 1. Given that reinsured business has higher mortality than non-reinsured business, why would companies issue it, 2. Suggestion that when costs of reinsurance are considered, reserves should be substituted for cash values to determine the 'statement costs', 3. Cost of reinsurance for a mutual company.

Description: This paper outlines the limitations inherent in current actuarial pricing techniques and describes a macro pricing process for product development that can produce optimal decisions in competitive environments. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: The aim of this paper is to examine relationships, analogous to that of premiums and reserves, for the case of a general insurance with benefits payable in respect to several forms of decrement. Specifically, this paper presents a system of splitting the total premiums and reserves into components related to the different benefits, with formulas distinguished between dependent and independent relationships between premium and reserve components. Discussions of this paper are included.

Description: This paper looks at the development of life insurance premium rates based on their policy size, and the methods for doing so. Discussions of this paper are included.