Description: This paper develops a general approach to actuarial calculations in applications that can be modeled as multi-state processes. Such situations arise when benefits are payable upon a change in the status of the insured or while the insured maintains a given status. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: This report contains estimates of incidence and continuance rates from the general population using data available from the National Long–Term Care Surveys. This report was done by a subcommittee of the Society's Long–Term Care Experience Committee and reflects work done primarily at the Duke University Center for Demographic Studies. This is a ZIP file containing main report, all appendices, tables, and figures from the study and model.

Description: The new incidence and continuance tables from the National Long-Term Care Survey based on activities-of-daily-living threshold and cognitive impairment will be presented. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: The actuarial profession is faced with a problem of determining delta-ized reserves on a basis which will include appropriate provision for adverse deviations in mortality, lapses, interest rates, and expense rates. This paper describes briefly a method which could be used to solve this Followed by papers submitted by 2 authors problem in a flexible manner.

Description: This paper describes risk-factor-dependent multiple decrements and actuarial cost functions as a general compartment model, a discrete time and discrete state stochastic model of morbidity and mortality processes. For large numbers of risk factors, the model is extended to its natural continuous time and state form. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: This paper shows how actuarial pricing based on the mathematical concept of present value can be formulated and solved using Markov chains and an approach borrowed from engineering mathematics called ballistic control theory.

Description: Appendix to the Critical Review of Stochastic Simulation Literature and Applications for Health Actuaries. The Development of a Simulation Model of Primary Prevention Strategies for Coronary Heart Disease

Description: A study of disability experience examines cost burden and degree of disability, and how these measures vary across different subpopulations. This article summarizes a presentation given at the Society of Actuaries’ Living to 100: Survival to Advanced Ages International Symposium held on Jan. 7–9, 2008 in Orlando, Florida. An abstract of the author's paper was presented in the September 2008 issue of Long-Term Care News.

Description: Demography is a very exciting subject. With a simple mathematical model, students can project a country's population forward 25, 59, 75 even 100 years. This paper will focus on six ideas from demography. They all can be useful to an actuary, yet none of them would be considered at any length if the actuary didn’t study demography.