Description: This paper studies the joint distribution of the time of ruin, the surplus immediately before ruin, and the deficit at ruin. The classical model is generalized by discounting with respect to the time of ruin. The authors show how to calculate an expected discounted penalty, which is due at ruin, and may depend on the deficit at ruin and the surplus immediately before ruin.

Description: Most computations that are done within actuarial science entail using discrete death rates associated with incremental ages. It's not that continuous death rates cannot be used, it's just that discrete values tend to be more convenient to work with. Of the various continuous probability distributions, the one most closely associated with actuarial science may be the Gompertz distribution. This paper takes a closer look at the Gompertz, starting with the motivation behind Benjamin Gompertz proposing this particular distribution. Then the paper develops procedures to estimate the parameters for this distribution, and it ends with a brief example of the procedures presented in the paper.

Description: This paper reports on the dimension and direction of the economic changes in Eastern Europe, states the need for actuarial training and services in the new political landscape, and outlines some ways of meeting the demand. From Actuarial Research Clearing House 1991, Vol. 1.

Description: Abstract from a paper that describes results from a hierarchical Bayesian statistical model which predicts the probability of Non-Acceptable Claim, an unnecessary hospital stay, using hospital discharge claim records as inputs.

Description: This paper is a theoretical examination of the structure of the property-casualty insurance industry using economic theory to compare companies with agency distribution versus direct distribution. The purpose of the paper is to justify the existence of both types of distribution systems in equilibrium.

Description: The purpose of this paper is to explain several actuarial-demographic-statistical techniques and show their application in medical investigations. Actuarial Research Clearing House 1979, VOL. 1

Description: This paper examines four and-a-half years of prescription records for an elderly population who have relatively comprehensive out-of-hospital drug coverage under the Pharmaceutical Assistance Contract for the Elderly program in Pennsylvania. The result is a discussion of the determination of non-parametric estimations of the distributions. From Actuarial Research Clearing House 1991, Vol 1.

Description: The study is based on a sample of actuarial reports attached to the form 550C3, Schedule B, which were sent to the Department of Labor during the period June 1976 to May 1977.

Description: Shows how to use personal information such as medical history, family characteristics, etc. in a logical statistical fashion for the purpose of modifying an existing mortality table to reflect the collected underwriting information.

Description: This paper discusses the rectangulatization of the survivorship curve and some related puzzling deviations between expectations and observations. From Actuarial Research Clearing House 1991, VOL. 2.