Description: This paper arose from an investigation into the concept of yield rate. The paper first outlines the difficulties involved in comparing financial transactions strictly on the basis of yield it then develops an approach that does not depend on yield rates. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper develops a dividend financial structure and a dividend formula based on the contribution principle in a complete expanded format. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: Because actuaries fit models for a variety of situations, particularly with regard to data modifications, it is useful to have a single approach. Though not optimal or exact for a particular model or data structure, the method should be reasonable for most all settings. Such a method is proposed in this article. Actuarial Research Clearing House 2003, VOL. 1

Description: This paper provides a method for estimating long-tailed unpaid losses from paid loss development using trended generalized bondy development. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This paper provides a new insight to the previous work of Briys and de Varenne [1994], Grosen and Jørgensen [2002] and Chen and Suchanecki [2007]. It shows that if an insurance company follows a risk management strategy, it can significantly change the risk exposure of the company, and that it should thus be taken into account by the regulators.

Description: This report describes a simple way to construct a bivariate copula with specified marginals and partially specified dependence. For example, the method allows one to model tail behavior scenarios while holding the core of the joint distribution fixed. An Excel workbook named CopulaExample.xls is provided to illustrate the method, including its use in Monte Carlo simulation.

Description: This paper described techniques used to keep existing policies up to date. One technique involved increasing the reserve interest rate of previously issued business to the level being used for new business as permitted by law. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper investigates the accuracy of loss reserves by comparing some reserves with the actual results five years hence. The ultimate purpose was to provide an estimate of the amount of variability which cannot be explained by listed factors. The resulting amount of variability gives an indication of the amount required for a provision for adverse deviation. From Actuarial Research Clearing House 1991, VOL. 1

Description: This paper discusses some powerful uses of recursive functions, including: 1. Universal life, both for the calculation of target premiums and reserves. 2. Paid-up Rider. Recursive functions can directly determine a premium that precisely matures the rider. 3. Traditional Whole Life. Reserves can be efficiently calculated when needed instead of referring to a table of stored factors. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This paper presents a procedure for calculating aggregate stop-loss premiums that takes parameter uncertainty into account. From Actuarial Research Clearing House ARCH 1988, Vol. 3