Description: This article gives an historical description of calculating and tabulating equipment used by, and is some cases developed by, actuaries in their work.

Description: Review of LTC section council activities

Description: Credit Card Approach to Pricing by Ralph H. Gorter from Product Development News, August 2000, Issue No. 50. Examines the pricing of annuities including any bonus features.

Description: 2015 VBT Mortality 2017 CSO Mortality

Description: Chairperson’s column discussing the latest developments in the Financial Reporting Section.

Description: Editorial about two giants in the actuarial field, Reinhard A. Hohaus and James E. Hoskins, who both died in January 1987, two days apart.

Description: Feature article describing how mentoring can be an effective means of providing management education.

Description: Insurance regulations are undergoing a paradigm shift in determining capital and reserves. With Solvency II in Europe and principle-based reserving in the United States, the old formula-based static approach is being replaced or supplemented by a principle-based dynamic method. This change requires enhanced modeling, stochastic simulation and sensitivity analysis, which pose challenges to insurers whose infrastructure has not been built for big computation. This paper introduces a method of building complicated models with small reusable modules and running them on a many-task computing platform to achieve high performance with simplicity. The paper presents an example of a term life insurance model built to take advantage of computer hardware for parallel computing at the task level.

Description: Continuation of a tutorial on Fuzzy (vs. Boolean, or 'crisp') logic and how you can use it to create actuarial models that better fit the real world. The article provides basic theory in non-technical terms and shows applications using the R programming language.

Description: When a life insurance company changes its basis for computing tax reserves, a special 10-year spread rule found in section 807(f) of the Internal Revenue Code applies to the change. But, what happens if the statutory accounting for original issue discount (OID) or bond premium changes? A discussion follows.