Description: Table of contents and acronym list for A Comprehensive Guide to Measuring and Managing Life Insurance Company Expenses

Description: This is one of eight essays from the collection: 2020 Living to 100 Essays.

Description: Table of contents and acronym list for A Comprehensive Guide to Measuring and Managing Life Insurance Company Expenses

Description: This article ecourages actuaries to get up to date with the use of the internet as personal computing and electronic communications are changing the way we do business.

Description: Full version of Product Matters! November 2003, Issue No. 57.

Description: This is a paper from the session on Climate Change Effects at the January 15-18, 2023, 2023 Living to 100 Symposium in Orlando, Florida.

Description: The objectives of this paper include an assessment of the basis of volatility of experience and financial results, considering the risks and uncertainties associated with long-term policies, especially LTCi. In so doing, it is observed that a properly determined provision for risk and uncertainty is needed in premiums and reserves. It then describes the approaches that can be taken to quantify such a provision in new and re-rated LTCi. The paper discusses possible mitigation approaches that have and should be taken, especially but not limited to the use of policy design features to enhance the alignment of interests of the LTC insurer and its policyholders. It also explores the relationship between historical and expected future risks and uncertainties specific to LTCi. It concludes by pointing out the pervasiveness of the uncertainties involved, the earlier underestimation of the uncertainties involved, although the actual degree of uncertainty may have decreased over time as relevant experience has been obtained. Effective management of LTCi demands incorporation of mitigation approaches in its product design and continuous monitoring of relevant experience.

Description: Lists the experience studies on mortality, morbidity and lapses that are included in this publication plus a few research reports.

Description: Sam Gutterman presents his paper, 'Expenses and Pricing', at this session at the SOA 1998 Maui I Spring Meeting. He discusses the need to control expenses and reflect them appropriately in pricing as vital to an insurance company' s short-term and long-term success.