Description: Presented at May 2005 Spring Meeting. Explores work to study the mortality experience of the older ages, the mortality costs to the insurer if the absolute level and shape of the pricing mortality curve is incorrect and the value of underwriting with regard to select vs. ultimate mortality.

Description: In physics and engineering education, Fermi problems require solutions based on good approximate calculations with little or no actual data, involving making justified guesses and deducing bounds without using sophisticated tools. The idea of Fermi problems are of particular relevance to today's actuaries, as pricing, reserving, and financial reporting involve more and more complex stochastic components. The paper discusses some approximate solutions developed in academia in the spirit of Fermi problems.

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.

Description: The article provides a summary of the Taxation Session sponsored sessions at the Life and Annuity Symposium.

Description: Article The U.S. Government Cost Disclosure Report by Moorhead in The Actuary, June 1979, Volume 13, Number 6

Description: In this session, panel members speculate about changes to insurance company taxation, policyholder taxation and insurance product taxation in the 1980's. Both U.S. and Canadian viewpoints are shared.

Description: This meeting session was presented at the SOA's 1980 Spring Meeting in Minneapolis. It discusses a report of the Federal Trade Commission issued in 1979 related to insurance company practices and business with regards to life insurance. The report lists four consumer problems: low return on savings element, loss of money due to early lapse, high variation in costs of policies among companies suggesting inadequate price competition, ordinary insurance is expensive relative to death protection provided. The report also provided recommendations to correct these issues.

Description: Relationship of IRR to ROI on a Level Term Life Insurance Policy

Description: Mortality Table Slope and Future Improvements

Description: The author discusses an interpretation of the surrender charge limitations specified in New York’s Regulation 77 which increases the maximum allowable surrender charges for renewal years. This interpretation was presented to and accepted by the New York State Insurance Department.