Description: Report presenting a detailed description of how the actuary can analyze C-3 risk, using asset-liability analysis.

Description: This report discusses management decision making practices and the need for actuaries to build the appropriate level of variability for management actions in stochastic models to achieve a more realistic range of future experience among the stochastic scenarios.

Description: In this paper, methods are presented that allow the systematic graduation of multidimensional data subject to linear constraints. With these constraints the practitioner can impose limitations on the graduation that agree with prior knowledge. Discussions of this paper are included.

Description: This paper by the SOA Committee on HIV research builds on past work to show three projections of the future of the AIDS epidemic. These scenarios can provide information to actuaries in considering the financial impact of AIDS for life and health insurance. The paper develops general population AIDS mortality rates related to the three scenarios. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: An updated and expanded translation of the 1863 Theory of Life Insurance Premium Reserves by Dr. August Zillmer, Stettin, Prussia. This is a seminal paper for the life insurance reserve method used extensively in Europe.

Description: The purpose of the present paper is to propose a family of sex-year-of-birth tables which may be used in place of The Annuity Table for 1940 with Projection. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.

Description: This paper presents a theoretical approach to the valuation of options on bonds, a computer model for valuing such options, an application of options theory to evaluate the risk of call options on corporate bonds, and an application of options theory to price the risk of deposit antiselection on certain GICs sold to employee savings plans. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: This is a discussion of the paper, 'Group Annuity Mortality' by Ray M. Peterson, which presents the Group Annuity Table for 1951 with projection factors. The paper is reviewed, an additional projection method is suggested with illustrations, discussion of the difficulties of using projected rates for premiums and reserves, and critiques are provided.

Description: This paper presents Bayesian models for analysis of claim lag data. The analysis of claim runoff patterns investigate the extraction of information on trend and seasonal patterns in incurred claims. This is investigated on the basis of individual group data, and also relative to a larger aggregation of pooled experience. The models are implemented based on Markov chain Monte Carlo methods. The models are applied to examples using simulated claim lag data. From Actuarial Research Clearing House, 2003, Vol. 1.

Description: For insurance companies, modeling the future values of assets and their interactions is useful for setting up asset strategies and managing reserves for liabilities. This paper evaluates the ability of Wilkie’s stochastic investment models to predict Toronto Stock Exchange [TSX] price index yield. In the Wilkie Model, correlated econometric indices are modeled through a cascade structure.