Description: This paper describes the application of source of earnings 'SOE' analysis methodology to the reported pre-tax GAAP income of universal life and other interest-sensitive life and annuity products.

Description: The purposes of this paper were to help determine the level of adequacy of the 1964 Commissioners Disability Table as a basis for reserving disabled lives, and to provide individual insurers with information that might aid them in their deliberations concerning reserve adequacy and reserve table modifications. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This is a discussion of the paper, Group Weekly Indemnity Continuation Table Study by Morton D. Miller. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: This paper investigates how the concepts of asset-liability matching can be used to shape investment strategy. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Excess ratio refers to the calculation of expected losses in excess of some stated limit. This paper suggests methods for calculating excess ratios in the practical situation without the laborious calculations which the techniques of Dr. Kahn's paper, 'An Introduction to Collective Risk Theory and Its Application to Stop Loss Reinsurance,' would seem to require, and as an alternative to the Monte Carlo simulation technique which would also seem to be impractical to use on a case by case basis in experience rating.

Description: This is a report that provides an analysis using data submitted by participating companies evaluating the impact of valuation mortality tables proposed for use in the life insurance industry. This study was designed to help “field test” the proposed tables on calculations for ordinary life insurance statutory reserves under VM-20 and tax reserves, nonforfeiture values, and IRC 7702/7702A.

Description: This paper presents an analysis of group weekly indemnity continuation table data contributed by seven companies. Claims costs and other data are developed for this short term disability type coverage.

Description: The objective of this paper is to analyze the nature of the probability density function of rates of return on common stocks, to develop a simulation model for evaluating the net risk premium for an asset value guarantee at the end of a specified investment period under an equity-based product and to analyze the sensitivity of the net risk premium to changes in several underlying parameters. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.

Description: This paper presents a method involving re-sampling 'with replacement but without random numbers', numerical convolutions for sums and quotients, and estimation of confidence intervals for trend in average size claim. In this paper, this method is applied to major medical claims.

Description: The main aim of this paper is to apply some of the techniques of modern time series and econometric analysis to analyse investment data in order to better understand the nature of long run relationships in investment series typically used in stochastic investment models. The paper attempts to identify and address fundamental issues that need to be considered before developing a particular stochastic investment model.