Description: In this note, we rearrange the statement and the proof of a theorem in Greville. The presentation appears to be more compact the materials, however, are not new.].

Description: Over the last decade, the actuarial career has gained significant attention of entry level job-seekers as it continues to be one of the consistently top rated jobs in the market. There are different avenues to break into the profession, but one of the most common is through an Actuarial Student Program, where a company formally supports the exam progress of individuals through paid study materials, exam fees, and time off to study. Most programs also include an emphasis on development of leadership and communication skills. As the recruiter for MassMutual’s Actuarial Student Program, I get the opportunity to regularly share with candidates why I believe a student program is such a powerful springboard for a successful actuarial career. Profiled in the article is two actuarial students and one recent actuarial student program “graduate” to highlight the value a student program can bring to one’s professional development.

Description: In the copula literature there are many bivariate distribution families but very few higher dimensional ones. Moreover, most of these are difficult to work with. Some of the bivariate families can be extended to more dimensions but in general the construction of distribution functions with more than two variables is a difficult problem. This paper introduces a construction method that is straightforward to implement and can produce multivariate distribution functions of any dimension.

Description: Presentation of proposals that are designed to further improve actuarial education by anticipating educational needs based on future change in the nature of actuarial work. The paper is divided into three sections: I. Current and Past Education of Actuaries II. Actuaries as Customers for Education and III. The Future Educational Needs of Actuaries and How These Needs Might Be Implemented. Followed by several submitted discussion papers.

Description: While we agree with the conclusions expressed by Silver and Hedges The Classical Definition of Compound Interest is Adequate by Murray Silver and Bob Hedges, ARCH 1981.2, we do not believe the theorem follows from the stated Axiom. We present an alternative proof which uses only the accumulation function and not the force of interest.

Description: The article is a series of question and answers related to microinsrance with the editors of the book "Actuaries in Microinsurance".

Description: This is a study on the Nesbitt formula and the variants to this formula.