Description: The purpose of this paper is to examine the various profit objectives used in the development of a new product for a stock life insurance company. From Product Development Section Monograph, M-AS99-3.

Description: Presented at May 1996 Spring Meeting. This session offers a retrospective and prospective look at the development of actuarial pricing models and technology tools.

Description: Presented at April 1985 Spring Meeting. This session discussed traditional and modern approaches to actuarial pricing assumptions in a volatile environment.

Description: Panelists discuss recent trends in the effects of mortality and lapse rates on term life insurance. The discussion includes: • Theories predicting the impact lapse rates have on mortality after the level premium period • Recent industry studies on mortality and lapses • The impact lapse and mortality rates have on profits

Description: Discussion of formulas for determining substandard extra cost of insurance charges for universal life or variable universal life policies.

Description: Tillinghast conducted a survey of mortality tables that life insurance companies used for pricing life products in 2001. One objective was to determine the underlying table being used, and the prospects of the 2001 CSO-related tables becoming a new basis for mortality measurement. This article summarizes some of the results.

Description: These are responses to Richard Ziock's work, Gross Premiums for Term Insurance with Varying Benefits and Premiums.

Description: Discusses considerations in preparing rate books and policy forms based on the 1958 CSO Table, the advantages and disadvantages of early adoption of premium rates and values based on the 1958 CSO, and premium structures - banding, policy fees, etc.

Description: This discussion is about the new procedures that are being used or are contemplated in the preparation of new rate books and policy forms with reserves and cash values computed under the 1958 CSO Table.

Description: This paper outlines the limitations inherent in current actuarial pricing techniques and describes a macro pricing process for product development that can produce optimal decisions in competitive environments. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.