Description: This is a letter from Jan M. Hoem to Arnold F. Shapiro about Exposed-to-risk considerations based on the Balducci assumption and other assumptions in the analysis of mortality.

Description: This article introduces a new CD-ROM tool for continuing education, the first of which is about the recent Actuarial Research Conference.

Description: The purpose of this article is to revise the fuzzy regression portions of earlier studies and to discuss issues related to the Tanaka approach, including a consideration of fuzzy least-squares regression models. From Actuarial Research Clearing House, 2006.

Description: This abstract describes a paper that explores the answers to the questions of: 1. How is each view of FRVs conceptualized? 2. What are the differences and similarities between the metrics for each of these views? 3. How are the metrics for these three views implemented?

Description: This paper examines the models underlying three of the most influential FAHP articles.

Description: This paper attempts to reduce several variables to their bare minimum and to investigate how the cost of vesting depends upon those few that remain. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

Description: Recent articles addressed the subject of fuzzy regression [FR] and the term structure of interest rates [TSIR]. Their approach relied on possibilistic regression. Although possibilistic regression has been used in many applications, it has a number of limitations, not the least of which is its nebulous relation to the least-squares concept. As an alternative to possibilistic regression, this paper uses fuzzy least square regression to investigate the TSIR.

Description: Editor's comments that discuss the editorial policy regarding the Actuarial Research Clearing House publication.

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 NAIC's 'Life Insurance Illustrations Model Regulation,' which goes into effect on January 1, 1997, is largely a response to the perceived misrepresentations in life insurance illustrations, of which vanishing premiums is a notorious example. From an actuarial perspective, this state of affairs presents an interesting challenge. Rather than disallowing illustrations of risky contracts, why not develop an illustration for potential policyholders which adequately conveys the essence of these contracts and their probabilistic nature. The purpose of this paper is to discuss some preliminary observations related to the development of such illustrations.