Description: This discussion on dividends looks at the two factor system and the experience premium system of distributing dividends and if they are more satisfactory under present-day conditions than the three factor method. Also discussed was the uniform reversionary bonus system. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: View the U.S. Population Mortality Observations - Updated with 2020 Experience.

Description: This paper uses a hypothetical game to illustrate issues facing the life insurance industry, specifically distribution costs.

Description: Research paper assessing how contributions and fund levels are affected when the rates of return of the plans' assets form an i.i.d. sequence of random variables.

Description: A mathematical framework for benefits and choices must be created to model benefit selection. This paper creates such a framework by defining benefit plans as reimbursement functions. These are then used with a defined choice function to calculate the cost deviation due to selection. Finally, utility functions can be applied to this framework to predict choice.

Description: This installment reports on April, 2019 extreme weather events

Description: The monograph walks the reader through the hindsight, insight and foresight building process while discussing theoretical and practical issues supporting the building of valid forecasts with provenance for each of these schema examples. That is, the analyst can document the iterative ‘profiling change processes’ mindscape and landscape elements by which and through which the successful forecast is built. This kind of forecast construction ameliorates the ‘black box’ problem of generating pattern output without an understanding of the pattern’s creation or contextual meaning that is often seen when using other methods, particularly machine learning and artificial intelligence. This issue is discussed, referencing appropriate thought leaders.

Description: The purpose of this analysis is to provide a practical set of changes to the incidence rate modifiers of the 2013 Individual Disability Income Valuation Table to reflect recent industry individual disability income (IDI) claim experience trends from 2005 through 2015. The goal is to have resulting 2005-2015 experience-based incidence modifiers in a workable format to facilitate its use.

Description: View the Social and Other Determinants of Life Insurance Demand

Description: The Society of Actuaries has developed this report to provide insights on the historical levels and emerging trends in U.S. population mortality. The most recently released U.S. population mortality experience from 2017 has been incorporated and added to prior available data to enable analysis of mortality experience over the period 1999-2017. This research is part of its ongoing longevity and mortality research initiatives.