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Improving Techniques: The use of predictive analytics in the development of experience studies
define as individual life fully underwritten mortality, but also generally comparable for assumption ... applicable data for this period: Factors that impact mortality Exposures and deaths, based on count and face ...- Authors: John Fenton, Kendrick Lombardo
- Date: Oct 2015
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Actuary Magazine
- Topics: Life Insurance>Underwriting - Life Insurance; Predictive Analytics; Technology & Applications>Analytics and informatics
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A Thought on Fermi Problems for Actuaries
A Thought on Fermi Problems for Actuaries In physics and engineering education, Fermi problems ... problems are of particular relevance to today's actuaries, as pricing, reserving, and financial reporting ...- Authors: Runhuan Feng
- Date: Aug 2015
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Actuarial Profession>Academic partnerships; Life Insurance>Pricing - Life Insurance; Life Insurance>Reserves - Life Insurance; Modeling & Statistical Methods>Stochastic models
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On Understanding the Effects of GAAP Reserve Assumptions
authors, the notation adopted here (detailed in Table 1) follows closely that used by Richard G. Horn ... DB t.] G[.] P[,] nV[:,] b TABLE 1 Meaning Rate of mortality for policy year n, issue age [x] ...- Authors: Gottfried O Berger, Paul Milgrom
- Date: Oct 1975
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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AAA—Illustrations Work Group
article deals specifically with the issue of using mortality improvement assumptions in the illustrations prohibited ... late durations as part of their product design. Mortality assumption;Illustrations=Illustration actuary=Sales ...- Authors: Michael Taht
- Date: Jul 2003
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Product Matters!
- Topics: Life Insurance>Universal life
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End-User Applications in Actuarial Processes: Risks and Controls
End-User Applications in Actuarial Processes: Risks and Controls A review of Section ... their internal controls over financial reporting. Annuity reserves;Computer science;Corporate governance;Financial ...- Authors: Arnold Dicke, P Shane Elenbass
- Date: Jun 2006
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values>Public interest representation; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Financial Reporter
- Topics: Actuarial Profession>Standards of practice; Enterprise Risk Management>Governance; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Modeling & Statistical Methods
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Using Deterministic Scenarios to Test Valuation Reserves for Universal Life
Using Deterministic Scenarios to Test Valuation Reserves for Universal ... models;Investment strategy;Lapse rates=Lapses;Life reserves;Mortality assumption;Policyholder behavior;Scenario generation=Scenario ...- Authors: Dennis Carr, Michael R Tuohy
- Date: Jan 1985
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Qualifications; Actuarial Profession>Professional development; Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Statutory accounting
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Financial Underwriting for Individual Life Insurance
management compared with the long-term, extra mortality implications it has for the insurance company ... armed onh" with a few broad indicators of past mortality experience. They must rely on judgment, tempered ...- Authors: John Gummere, Michael Hale, Robert E Hunstad, Courtland C Smith, Charles N Walker, Harry A Woodman, Andrew C Webster, Maxwell Baskin, Alexander Marshall, Application Administrator
- Date: Oct 1973
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Life Insurance>Underwriting - Life Insurance
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GAAP Accounting for Reinsurance Accepted
GAAP ACCOUNTING FOR RE INSURANCE ACCEPTED RICHARD S. ROBERTSON ABSTRACT The paper describes an approach ... policy year x per unit of face amount; q, = Mortality rate for policy year x; w, = Termination rate ...- Authors: Frank Klinzman, Richard S Robertson
- Date: Oct 1975
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Reinsurance>Financial reporting for reinsurance; Reinsurance>Reserving - Reinsurance
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New AOMR Requirements - Burden or Opportunity?
New AOMR Requirements - Burden or Opportunity? Presented at May 2002 Spring ... asset-adequacy analysis in other areas of the company. Annuity reserves;Cash flow testing;Financial management;Financial ...- Authors: Michael C Batte, Norma Y Christopher, Keith Dall
- Date: May 2002
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values>Public interest representation; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting>Statutory accounting
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No Limits
Summary of model structure and execution time are in Table 1 below. Case B—Motor Vehicle Insurance Case B is ... Simulation model and simulation time are shown in Table 1 below. Table 1. Summary of Models and Execution Times ...- Authors: Society of Actuaries
- Date: Apr 2013
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: CompAct