Description: There are many investigations probing the relationship between health outcomes [such as mortality rate, fertility rate] and economic variables [such as rise in income] and other variables [such as level of education, availability of clean water]. Usually, these results are demonstrated using data from countries where economic conditions are improving over time along with health outcomes. This paper studies the links between health risks and the current economic conditions in Mexico where general mortality conditions improved during the period 1980-2000 but income fell.

Description: Abstract for a paper that develops links between credibility theory in actuarial science and longitudinal data models in statistics. The paper demonstrates that many additive credibility models can be expressed as special cases of the longitudinal data model.

Description: Traditionally, actuarial techniques are used to study mortality and morbidity experience. But an SOA study demonstrates that similar methods can be used to analyze the mortality and morbidity of assets i.e., credit risk events such as restructures, defaults, foreclosures, and bankruptcies. This is a Summary of the Final Report: 1986-1989 Credit Risk Event Loss Experience, Commercial Mortgage Loans and Private Placement Bonds. From ACTUARIAL RESEARCH CLEARING HOUSE, 1994 VOL. 1.

Description: Provides an in-depth review of Canadian occupational mortality and morbidity - disability - experience. This includes population and insured data up to 1981.

Description: Concomitant with the industrial revolution, the function of providing old age income shifted from families and local institutions to government social security and private pension plans. The history of this change in the U.K. and U.S. is reviewed. A simple mathematical model provides insights into the role played by three rates [the rate of increase of the working population, the time preference rate, and the rate of real wage growth] in determining optimum funding policy. From Actuarial Research Clearing House 1994, Vol. 2.

Description: In this paper the author introduces a generalization of Bondy development and demonstrates its descriptive powers. Generalized Bondy development facilitates estimation of development factors, is easily computed, and affords excellent fits to observed development ratios. From the Actuarial Research Clearing House ARCH 1989 Vol. 2.

Description: Australia has conducted ten national censuses since World War II: in 1947, 1954, 1961 and at five-year intervals through 1996. Life tables have been prepared in connection with each of these censuses except the most recent one, for which data is still being collected.

Description: This paper examines inclusion of the value of future new business in value-added financial reporting. The objective of the paper is to develop methods to provide useful information to management that links the pricing, planning and reporting process.

Description: This paper examines the pricing of catastrophe risk bonds. Catastrophe risk cannot be hedged by traditional securities. Therefore the pricing of catastrophe risk bonds requires an incomplete markets setting and this creates special difficulties in the pricing methodology. The paper briefly discusses the theory of equilibrium pricing and its relationship to the standard arbitrage-free valuation framework. Equilibrium pricing theory is used to develop a pricing method based on a model of the term structure of interest rates and a probability structure for the catastrophe risk. This pricing methodology can be used to assess the default spread on catastrophe risk bonds relative to traditional defaultable securities.

Description: Describes purpose of ARCH and editorial policy.