Description: This article walks through the history of model efficiency in the U.S. life insurance industry, examines its current application, and looks ahead to what we might expect to see in the future.

Description: Comparison of open code and closed code actuarial modeling systems, focusing on advantages and disadvantages of each group.

Description: An interview with Prof. Johnny Li of University of Waterloo, which touches upon the subjects of longevity, mortality projections, international collaboration and the Living to 100 Symposium. Longevity is a topic in which scientific research and collaboration successfully spans many countries, which is desirable because the implications of ever increasing life spans is of global importance.

Description: Following up on recent articles on claim reserves and retrospective testing, this article examines some data quality and methodology issues related to calculating LTCI claim reserves.

Description: An economic value model is used by the National Hockey League NHL to allocate salary budgets between players using a method based principally on salary comparison between players with similar statistics.

Description: This paper reviews the applications of operations research methods in the insurance industry. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This paper provides commentary on the paper entitled 'A Discrete Equilibrium Model of the Term Structure' by N. J. Macleod, and J. D. Thomison. From Actuarial Research Clearing House 1990, VOL. 2.

Description: Consider a portfolio of insurance policies where the mean frquency of claims for each policy may vary. A reasonable assumption is that the number of claims for a policy is a Poisson random variable. In this paper the author shows how to test this hypothesis under certain conditions. He then presents some nonparametric tests for this and other hypotheses about the risk distribution function. Actuarial Research Clearing House 1992, VOL. 1.

Description: In this paper, the authors show how probabilities and actuarial values may be calculated using a time-homogeneous Markov model. Piecewise constant transition intensities are suggested as a way to extend the approach to the inhomogeneous case. From Actuarial Research Clearing House 1993, VOL. 1.

Description: The concept of transformed distributions is generalized in this paper. First the concepts of net premium intensity, loaded premium intensity and load generators arc introduced. Then transformed distributions are identified with premium intensity and hence the loaded premium is calculated from transformed distributions. Finally it is shown that this method of premimn calculation is arbitrage free and it incorporates the strengths of the utility approach.