Description: This paper discusses the marketing implications of the baby boom generation and the aging of the Canadian population in general. From the Actuarial Research Clearing House 1991, Vol.1.

Description: An analysis of how to compute the variance of the present value of future annuity payments as a component of assessing the mortality component of the provision for adverse deviation in the computation of GAAP reserves.

Description: This is a letter to readers of The Actuary from Arnold Dicke and Walter Lowrie to solicit opinions on the problem which seems to crop up each time an examination is to be set.

Description: In addition to death and maturity guarantees on the mutual funds they sell, some insurance companies make it possible for the investor to extend the guarantees for a fixed number of years. In this paper, we consider the case when that option is of the European type that is, the investor, at maturity, can either close out the contract or extend it for the stated, fixed term. When extended, the guarantee is on the value of the fund at the original maturity date. The fund is assumed to be fully invested in common stock.

Description: This paper describes an analysis of data anomalies on computer records on 246 federally-insured mortgages. Twenty-three of the corresponding mortgages were sampled and all were found to have identical amortization plans and to have been insured under the same insurance fund. The question posed, in probabilistic terms, is the following: How many of the remaining 223 mortgages are identical in these two aspects to the 23 sampled mortgages?

Description: This is a list of the participants at the 24th Actuarial Research Conference.

Description: The paper gives two criteria for fit and uses two different criteria to transform an initial graduation into one with better fit. It is shown that the two sets of criteria give the same transformation. The mathematical relationships between the two sets of criteria are then derived. It is clear from those relationships that when one set of criteria is small, the other set is small [but reasonably the same]. Some general comments on various measures of fit are made.

Description: This paper studies the joint distribution of the time of ruin, the surplus immediately before ruin, and the deficit at ruin. The classical model is generalized by discounting with respect to the time of ruin. The authors show how to calculate an expected discounted penalty, which is due at ruin, and may depend on the deficit at ruin and the surplus immediately before ruin.

Description: Most computations that are done within actuarial science entail using discrete death rates associated with incremental ages. It's not that continuous death rates cannot be used, it's just that discrete values tend to be more convenient to work with. Of the various continuous probability distributions, the one most closely associated with actuarial science may be the Gompertz distribution. This paper takes a closer look at the Gompertz, starting with the motivation behind Benjamin Gompertz proposing this particular distribution. Then the paper develops procedures to estimate the parameters for this distribution, and it ends with a brief example of the procedures presented in the paper.