Description: Banks and insurance companies today are addressing many similar issues. Included are product, business unit, and corporate profitability capital requirements and allocation issues reserve adequacy and data development and practical utilizations. Actuaries are uniquely qualified to address these issues.

Description: This article describes the “Arithmeter”, invented by Elizur Wright, to expedite the calculations made necessary by the legislation that he himself had drafted that required the Massachusetts Insurance Department to compute net level premium reserves on all policies in force. One of the few Arithmeters in existence was donated to, and is now in the possession of, the SOA.

Description: In this article, taken from the author’s remarks at LIMRA's 1980 Annual Meeting, the theme is that the “new generation” of permanent life insurance products, including Universal Life, do meet policyholders’ needs, and that life insurance products, far from being static, evolve to suit the markets they serve and the public's needs. An editor’s note at the end also refers the reader to another article, which presents a “distinctly different viewpoint.”

Description: On March 19 the Actuaries Club of New York heard a report by Messrs. Dale R. Gustafson and James J. Murphy on the sweeping change in coverage on old policies that Northwestern Mutual Life is offering its policyholders to address a problem caused by the US 1959 Income Tax Act.

Description: Article Disparate Origins Of Life And Non-Life Insurances by Beard in The Actuary, February 1979, Volume 13, Number 2

Description: Diagram displaying the relationships between the various annuity certain functions.

Description: Combo long-term care insurance products provide a viable option for the insurance industry to offer a sufficient range and supply of private long-term care financing solutions.

Description: The author explores the issue of longevity risk with its implications for life insurers and society at large, and concludes that the actuarial profession is in a unique position to understand longevity risk and offer solutions.

Description: Author describes how he developed graduated policy-year withdrawal rates using crude withdrawal data that was available by calendar duration but that also was distorted by reporting lags.

Description: The Canadian Institute of Actuaries held a panel discussion on product innovation at its June 1981 meeting. This article consists of edited excerpts from a document that was distributed in advance to stimulate discussion, and some remarks on the discussion that took place. This article discusses some of the products developed in response to the current high and volatile interest rate environment, such as flexible premium policies annuities and insurance and adjustable single premium policies.