Description: Column from the SOA’s education department discussing the addition of a fellowship module.

Description: Article from The Actuary, June 1971 – volume 5 - Issue 6 is a recap of the LOMA Systems Forum held in New York, March 15-17, 1971.

Description: Our 13 risk theory seminars, to introduce Part 5A candidates to the new material were strongly supported, and, according to 109 questionnaires since received, were popular. Prevailing opinions were that these sessions boosted attendees confidence in their ability to continue studying on their own, and their chances of passing the exam. From The Actuary VOL. 16, No. 6

Description: This article is a summary of Darrell Laird's paper in T.A.S.A. 50, The Revenue of the Period of Account and Its Relation To Premiums, Valuation and Dividents. Mr. Laird saw 3 problems, 1 finding a comprehensive way to measure a life company's real performance, 2 displaying sale and administrative expenses revealingly to management and 3 distributing surplus equitably among holders of individual policies.

Description: This article explores compound and simple interest and the accumulation function for the case when time t is a noninteger value.

Description: This article describes the activities and results of an SOA Task Force on Expansion of Mortality and Morbidity Statistics which was formed to review the mortality and morbidity research undertaken and the statistics published outside the recognized actuarial organizations.

Description: This article describes activities of the Board of Governors to strengthen the role of research within the SOA. The Board actions include approving two additional professional staff positions for the Research Department and including $150,000 in a Research Development Fund to serve as seed money for research projects.

Description: FASB's Statement of Financial Accounting Standards No. 97 contains wide-sweeping changes to the preparation of GAAP financials for insurance companies. The focus of this article will be on the ramifications of the interest rate FASB has decided to use to amortize deferred acquisition costs.

Description: This article describes opportunities and challenges presented to Corporate Actuaries caused by swings in investment gains and losses, the cyclical nature of health insurance results, and increased investments in affiliates which divert use of surplus increase from organic growth to acquisitions. margins were much higher

Description: This Is a book review of 'Lebensversicherungsmathematik' by Hans U. Gerber. The book, written in German, is directed to younger readers who take pleasure in applied mathematics and who wish an introduction to life insurance mathematics. A well-organized and elegant introduction awaits their reading.