Description: This section presents multiple book reviews and summaries of recent publications. Reviews: 'Social Security' by Myers, 'Report on Actuarial Principles and Practical Problems with Regard to Nonforfeiture Requirements' by Society of Actuaries, 'Mortality and Morbidity in the US' by Erhardt and Berlin, 'The Fifty-Second Annual Report of the Board of Actuaries of the Civil Service Retirement System' by US Government, 'Health Service Information in the US Today' by Murnaghan, 'Financial Problems Confront the Federal OASI and DI Trust Funds' by Staats, 'Public Employee Pension Funds' by Tilove, '1976 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by US Congress, 'Report of the Consultant Panel on Social Security to the US Congressional Research Service' by US Government, 'Crime by Computer' by Parker, 'Reports of Consultants on Actuarial and Definitional Aspects of Social Security Disability Insurance' by US Government, 'Social Security: The Fraud in Your Future' by Shore, '1972 Lifetime Earnings by Age, Sex, Race and Education Level' by Social Security Administration. Digests also included.

Description: This paper offers a mathematical discussion of integrating private pension plans with social security and looks at IRS rules, earnings replacement by social security, integrating defined benefit and defined contribution plans, early retirement, target plans, discrimination test and other issues. From Transactions of Society of Actuaries 1976, Vol. 28.

Description: This section presents book reviews and summaries of recent publications. Reviews: '1975 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by the US Congress, 'Providing Adequate Retirement Income' by Schulz, Carrin, Krupp, Peschke, Sclar and Steenberge, 'Ernst & Ernst GAAP - Stock Life Companies' by Posnak, 'Reports of the Quadrennial Advisory Council on Social Security' by US Government, 'Fundamentals of Private Pensions' by McGill. Digests also included.

Description: Presentation of proposals that are designed to further improve actuarial education by anticipating educational needs based on future change in the nature of actuarial work. The paper is divided into three sections: I. Current and Past Education of Actuaries II. Actuaries as Customers for Education and III. The Future Educational Needs of Actuaries and How These Needs Might Be Implemented. Followed by several submitted discussion papers.

Description: These are obituaries for members which had passed away between October 1974 - August 1975.

Description: This paper looks at mathematical problems formulated in either explicit or implicit form. Followed by several discussion papers submitted

Description: This is a greatly condensed summary of the panel discussion of Robert B. Mitchell's book, 'From Actuarius to Actuary, The Growth of a Dynamic Profession in Canada and the United States,' and is intended merely to convey some idea of the interesting colloquy which took place. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the index to Volume 26 of Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76.

Description: The actuarial profession is faced with a problem of determining delta-ized reserves on a basis which will include appropriate provision for adverse deviations in mortality, lapses, interest rates, and expense rates. This paper describes briefly a method which could be used to solve this Followed by papers submitted by 2 authors problem in a flexible manner.

Description: This is the report about the Society of Actuaries' 25th anniversary celebration held in New Orleans, LA on October 28-30, 1974. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the table of contents for papers published in Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 75 AB.

Description: The approach of the year 2000 creates a millennial fascination which causes man to ponder his past, to assess his present, and to peer into his future. This study of the actuarial profession looks upon those design-steering aspects which can lead to a greater future. Although this work adopts the standpoint of a life company actuary, it views the entirety of the profession. All actuaries are bound up in essentially the same future. This study may have special interest to a young person contemplating the actuarial profession as a career. Consequently, an effort is made to consider the subject over the projected career of such a person- roughly to the year 2020. From Transactions of Society of Actuaries 1974, Vol. 26, Pt.1, No. 76.

Description: This panel discussion was devoted principally to the following two papers commissioned for the Society of Actuaries 25th anniversary meeting: 1.'The Future of the Actuarial Profession as Viewed in A.D. 1974' by John M. Bragg, and 2. 'Consulting Actuaries in Canada and the United States' by Samuel Eckler and Wendell A. Milliman. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the meeting minutes from the Annual Meeting held in New Orleans on October 28-30, 1974. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76.

Description: Various topics were discussed at the concurrent sessions, including but not limited to, expanding the actuariy's horizons to the evaluation of a broader range of risks, life insurance dividends and the actuary as a professional.

Description: This section contains book reviews for books published in the 1973-1974 years. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76. Books about Actuaries, LIfe Underwriting, Blue Cross, LLoyd's of London, Railroad Retirement Act, Social Security and Medicare, Health Statistics and other insurance related topics.

Description: This is the presidential address by former SOA president, Thomas P. Bowles, Jr. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

Description: This paper summarizes the legislative activity from 1969-72 with regards to social security. Topics include expansions in Old-Age, Survivors, and Disability Insurance [OASDI], establishment of social security trust funds, and changes in Medicare including extensions of benefits to disabled persons. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

Description: This paper outlines a method of parametric modeling that may be used to produce forecasts and forecast intervals that will convey a measure of the reliance that may be placed on the forecasts. Followed by 2 discussion papers submitted

Description: In this paper, a mathematical model is constructed to study the deviations of claims, investment performance, operating expenses, and lapse expenses as random stochastic processes. Discussions of the paper submitted by 2 readers follows

Description: This section provides multiple book reviews and summaries of recent publications. Many of the books reviewed deal with pensions, retirement and Social Security. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 72 AB.

Description: Various topics are discussed at concurrent sessions held in May and June, 1973.

Description: Various topics dicussed including variable life insurance, forces shaping pension plan design and what is the legitimate demand for actuaries.

Description: In the absence of a generally accepted guide to actuarial principles and practices for pension plans, a new professional firm offering actuarial consulting services has both the freedom to establish and the burden of establishing the professional policies by which it will be guided. Our thinking about the practical and professional necessity of annual valuations is reflected in this paper. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 69 AB.

Description: This section provides multiple book reviews and summaries of recent publications. Topics include aging, retirement and pension plans, investing, demography, mergers and acquisitions, variable annuities and other insurance and mathmatical subjects. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

Description: Sponsors of pension, profit sharing and other tax-exempt trust funds are giving increasing attention to the investment management of these funds, in a dual attempt to improve investment results and to discharge more effectively their stewardship responsibilities for these assets.

Description: Discussion of the diversification activities of a number of life insurance companies. This includes the formation of, or acquisition of, property and casualty insurers, variable annuity companies, mutual fund management companies, banks, finance companies, leasing companies, real estate development companies, televisions and radio stations, newspapers, software consultants and other corporate enterprises. Discussion includes: 1. Activities really compatible with the llfe insurance product. 2. Activities otherwise compatible with corporate objectives or offering potentially large profit centers. 3. Activities which can be an excessive drain on corporate earnings and executive manpower 4. The actuary's role in these diversification activities. Then the discussion goes into a discussion of corporate planning models

Description: This paper describes a method of comparing net costs of dissimilar life insurance contracts. The principles are consistent with those of the interest-adjusted method recommended by the Moorhead committee. The significance of the results, possible applications of the method, and some concerns and conclusions are discussed.

Description: Digests of following discussions: 1. Mutual life insurance companies - their objectives and operating philosophy 2. State, provincial, and municipal employee pension plans - financing and other problems 3. Mortality and underwriting of individual policies for large amounts 4. Investing during the 1970's 5. Long-range viability and regulation of corporate pension plans 6. Forecasting the environment for business 7. Liabilities and surplus in the 1970's 8. Changing modes of family life - work and income over the life cycle 9. The role of the actuary in collective bargaining 10. Health insurance in the United States 11. Adjusted earnings

Description: This paper deals with credibility as applied to group insurance, where the problem is to estimate the future claim rate of a group as a function of both its own past claim rate and the average claim rate observed for similar groups.

Description: The following topics were discussed at concurrent sessions: 1. Personal Security in the 1970's- United States and Canada, 2. Adjusted earnings for life companies, 3. Pension funding, 4. What about these younger actuaries?, 5. Sources of statistical information for actuaries, 6. Variable life insurance, 7. Models and decision techniques, and 8. Role of the actuary in expense control. From Transactions of Society of Actuaries 1970, Vol 22, Pt. 2, No. 63.

Description: Several issues under the 1959 Life Insurance Company Income Act are being litigated.

Description: This section presents book reviews and summarizations for recent publications of 1969. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.

Description: The following topics were discussed at concurrent sessions: 1. Pension benefit security bill, 2. Variable insurance products, 3. Trends in hospital and medical care utilization, 4. Insurance distribution and marketing systems, 5. Deferred and incentive compensation, 6. Annual Statement accounting, 7. Social Security and employee benefits in western Europe, 8. Individual medical expense insurance, 9. Reserves and related problems for variable annuities and cost-of-living benefits, 10. Topics for consulting actuaries, 11. Profit and other objectives in group operations, and 12. Life insurance operations overseas- problems and opportunities. From Transactions of Society of Actuaries, 1969 Vol. 21 Pt. 1 No. 61.

Description: This panel discussion covers the origins, changes and developments during the first twenty years of the Society of Actuaries since its founding in 1949. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 61.

Description: This is a discussion of papers presented at eariler regional meetings. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 1, No. 60

Description: This is a discussion about insurance company equity products from the viewpoints of the actuary, the agent and the regulatory authority. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59.

Description: This is a discussion about recruiting professional people, and what can be done to reduce the high rate of turnover among professionals, especially during the first few years of employment. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No 59.

Description: This is a discussion about computer models and simulation tools for life insurance companies. From Transactions of Society of Actuaries 1969, Vol. 21, No. 59AB

Description: This is a discussion about how actuaries have become more and more involved in work outside what may be considered traditional actuarial functions. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59.

Description: This is a discussion about equity-oriented product and mutual fund operations. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 59AB

Description: This is a discussion about utility theory. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59

Description: This section presents book reviews and summarizations for recent publications of 1969. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 59 AB.

Description: This section presents book reviews and summarizations for recent publications of 1968. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This panel discussion at the SOA 1968 Annual Meeting is about managing, motivating and directing technical and professional personnel.

Description: This discussion at an SOA 1968 Regional Meeting is about currency devaluation in other countries and the effects it has on life insurance, pension funds and company operations in the U.S.

Description: This paper summarizes the legislative history in 1966 and 1967 of the amendments to Social Security, including Medicare and Medicaid, that were enacted and of the significant Unemployment Insurance legislation that was almost enacted. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 57.

Description: This paper includes three discussions. The first is about permanent type insurance used as a substitute for group term insurance. The second discussion is about long-term disability experience, offsets and underwriting. The third discussion is about medical care expense insurance including experience, trends, impact of Medicare and COB. From Transactions of Society of Actuaries 1968, Vol. 20 Pt. 2, No. 56

Description: This is a panel discussion about the education of the actuary. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: This paper presents a theoretical treatment of the determination of the cost of vesting by a method not hitherto demonstrated to the Society. From Transactions of Society of Actuaries 1966, Vol. 18, Pt. 1, No. 52.

Description: This is a discussion about long-range plans being used as management tools in the life insurance business. Also discussed are the implications that Medicaid will have on the private health insurance business. From Transactions of Society of Actuaries 1966, Vol. 18 Pt. 2, No. 51.

Description: Provides a theoretical basis for determining an insurer's price-earnings ratio, discusses the effect on earnings of changes in investment income, and discusses the effect on surplus and earnings of changes in reserve basis.

Description: This is a discussion about the papers presented at the regional meetings. From Transactions of Society of Actuaries, 1965, Vol. 17 Pt. 1, No. 48

Description: This discussion is about how are computers being used for Underwriting of individual policies mortality and morbidity studies, including the derivation of exposures, analysis of claims, etc. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: This is a panel discussion on the mortality of smokers and nonsmokers. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: This article contains reviews of the following books published in 1962 and 1963: 1. 'Health Insurance Provided through Individual Policies' by Edwin L. Bartleson, 2. 'Law and the Life Insurance Contract' by J. E. Greider and W. T. Beadles, 3. 'Medical Care and Health Insurance' by J. F. Follmann, Jr., and 4. 'Hospital and Medical Economics: A Study of Population, Services, Costs, Methods of Payment, and Controls' by W. J. McNerney. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 43.

Description: This is a discussion about the problem of overinsurance arising from duplication of coverage. From Transactions of Society of Actuaries 1963, Vol. 15 Pt. 2

Description: The purpose of this paper is to describe the application of the Monte Carlo technique to a practical situation in a company, group term rate making. It included a discussion of some of the problems encountered and the solution to these problems. Followed by several discussion papers submitted

Description: Continuation - Part 2- of a three part panel discussion about social insurance in Great Britain. Moves on to a discussion of social insurance in the United States including social security, disability income, unemployment insurance and old age assistance From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This paper surveys the actuarial techniques connected with salary scale mathematics for the valuation of defined benefit pension plans. Followed by several discussion papers submitted

Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.

Description: This is a panel discussion about the economic outlook in the 1960's particularly for equities. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This is a panel discussion about the economic outlook in the 1960's from the Canadian viewpoint. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: It is the purpose of this paper to examine the questions of equity, and practicality of refinements in, the methods of allocation of net investment income and gain by line, class or subclass. Discussions of this paper are included.

Description: This article contains reviews of the following books published in 1961: 1. 'Legal Status of Employee Benefit Rights under Private Pension Plans' by B. Aaron, and 2. 'Transition to Multiple-Line Insurance Companies' by D. L. Bickelhaupt. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1961, Vol. 13, No. 37.

Description: This article contains reviews of the following books published in 1960: 1. 'Health Insurance' by E. J. Faulkner, 2. 'The Elements of Group Insurance' by G. N. Watson, 3. 'Legal Protection of Private Pension Expectations' by E. W. Patterson, and 4. 'Economic and Financial Aspects of Social Security' by J. H. Richardson. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1961, Vol. 13, No. 35 AB.

Description: From the 1960 Transactions Vol. 12 No. 33, this ‘Digest of Informal Discussion’ took place at the 1960 Eastern Spring Meeting of the Society of Actuaries, held in Washington, D.C. March 24-25. The focus of the discussion was on the function of the actuary and the insurance company’s public relations, and what the actuary is doing and can do further to improve relations between insurance companies and the public.

Description: This article contains reviews of the following books published in 1959: 1. 'Pension Funds and Economic Power' by P. P. Harbrecht, 2. 'Retirement and Insurance Plans in American Colleges' by W. C. Greenough and F. P. King, 3. 'Elements of Vital Statistics' by B. Benjamin, and 4. 'Demography' by P. R. Cox. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1960, Vol. 12, No. 32.

Description: The author's purpose is to attain a greater insight into the nature and significance of the social security financing method and to examine the image in the public mind of the social security financing method and its significance. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: This is the presidential address given by former President of the Society of Actuaries, Pearce Shepherd. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: This Transactions section contains book reviews and summaries of recent publications. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This is a panel discussion about how frequently actuarial valuations should be made of trusteed pension plans and deposit administration plans. Also discussed is what government regulations require as to reports on such plans. From Transaction of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This paper examines the development of inflation and the dilemma the life insurance business faces. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: This discussion on mortality examines the studies which can be justified by small companies and the results they have shown, successfully used standards for expected mortality, companies comparing their experience with table X17 and objections among small companies for adopting X17 as a valuation standard. From Transactions of Society of Actuaries 1958, Vol. 10, No. 27.

Description: This section contains multiple book reviews and summaries of recent publications. From Transactions of Society of Actuaries 1957, Vol. 9, No. 25.