Description: Although rate structures where low-cost cohorts subsidize high cost cohorts may be justified from a actuarial, marketing, or legal standpoint, the subsidization creates risks which must be understood and monitored. This article presents the concept of subsidization signature to measure and interpret the effects of rate subsidization, and to assess the sustainability of rating structures and the sensitivity of business mix assumptions.

Description: Summary of NAIC's Winter National Meeting

Description: Discussion of the separate and joint effects of obesity and diabetes on disability and mortality, and ways these effects can be used to improved insurance pricing and reserving, reverse the increasing rates of obesity and diabetes, and improve current projections of disability and mortality risks.

Description: Article Society Seminars by Adams in The Actuary, February 1979, Volume 13, Number 2

Description: Summary of the health section council’s research project to assess the accuracy of commonly used IBNR estimation methods over a wide range of scenarios.

Description: The editors preview the articles in the February 2010 issue of Health Watch.

Description: Realizing the impact of medical errors on the U.S. health care system, the Health Section commissioned a research project to measure the annual frequency of medical errors and their total measurable direct and indirect cost to the economy.

Description: An excerpt from a presentation at the 2014 Living to 100 Symposium, this article describes an open-source model for use by actuaries attempting to estimate future health benefit costs, discusses its strengths and limitations, and projects that spending for those age over 65 will take more than $13 trillion by 2055, about 50 percent of total medical expenditures.

Description: This study note was written to supplement the “Credibility” chapter of Foundations of Casualty Actuarial Science as a reading for the fourth CAS/SOA examination. It presents important topics not covered in the Foundations chapter including the Bühlmann-Straub Model and nonparametric and semiparametric estimation of credibility formula parameters.

Description: This paper is from Transactions of Society of Actuaries 1955 Volume 7, Number 17. The author discusses the advantages to management of preparing estimates of annual earnings early in the year, for planning and budgeting, deciding on changes to dividend scales, estimating earnings from interest, mortality, and expenses against expected, etc. The author lays out his method of forecasting based on gains and losses by source of earnings, using readily available data including various annual statement exhibits. The author notes that judgment is important as well as statistical analysis in making reasonable forecasts.