Description: A morbidity-mortality table, as conceived by Prof. A. H. Pollard, F.I.A. of Australia, is a multiple-decrement table akin to the familiar combined mortality and disability table - meant to improve demographers understanding of the influences on mortality.

Description: This article provides a formulaic method of comparing unit reserves on different valuation bases. This enables a duration-by-duration comparison of the components of the calculation on two different valuation bases. This can be done ignoring taxes or assuming taxes are recognized in calculating the expected return on capital in pricing.

Description: The author discusses the first life table, or life table model, which was produced in 1662 by John Graunt in his Natural and Political Observations. He notes that the brief, crude table was both inaccurate and unrealistic, but nonetheless, proved to be the source of one of the most powerful concepts and valuable tools in demography and actuarial science.

Description: The Canadian Institute of Actuaries held a panel discussion on product innovation at its June 1981 meeting. This article consists of edited excerpts from a document that was distributed in advance to stimulate discussion, and some remarks on the discussion that took place. This article discusses some of the products developed in response to the current high and volatile interest rate environment, such as flexible premium policies annuities and insurance and adjustable single premium policies.

Description: This article discusses the impact on the policyholders and the insurance companies of the phase-out of the deductibility of policy loan interest resulting from the new tax law.

Description: The actuarial techniques actuaries use in financial security systems can be adapted to provide valuation of potential corporate environmental liabilities.

Description: The article explores the use of economic capital modeling to deliver value to clients by improving the financial security of many individual lives around the world in a cost-effective way.

Description: This article discusses the need for a sophisticated modeling system capable of analyzing the impact of the variables present in pension plan projections and providing management with information which it may act upon.

Description: Article Disparate Origins Of Life And Non-Life Insurances by Beard in The Actuary, February 1979, Volume 13, Number 2

Description: This article describes the “Arithmeter”, invented by Elizur Wright, to expedite the calculations made necessary by the legislation that he himself had drafted that required the Massachusetts Insurance Department to compute net level premium reserves on all policies in force. One of the few Arithmeters in existence was donated to, and is now in the possession of, the SOA.