Description: Report covering the intercompany experience under standard Ordinary insurance issues between 1950 and 1951 anniversaries.

Description: This paper is concerned with the fundamental nature of life insurance company earnings. The operation of the policy reserve system as the timing mechanism which determines the incidence of earnings is discussed, and the concept of release from risk is then described. A policy reserve system based on the concept of release from risk is developed, and the earnings which emerge from this system are analyzed from both an actuarial and an accounting viewpoint. S ome specific p o l i c y r e s e r v e m e t h o d s a r e ident i f i ed a s spe c i a l c a s e s of t h e r e l e a s e f r o m r i sk p o l i c y r e s e r v e s y s t e m .

Description: A study of the mortality experience between 1946- 1949 policy anniversaries of standard ordinary medically examined business

Description: Report featuring the annual studies of the mortality under standard Ordinary insurance. This report covers the intercompany experience from anniversaries in 1949 to anniversaries in 1950.

Description: The purpose of this paper is to trace the change in Canadian company expenses, comparing the six postwar years 1946 to 1951 with the prewar year 1939. Includes costs per policy and as percentage of premium, and also compares to expected costs. Expenses by company size are also shown.

Description: Discussion of: 1. Interest and mortality assumptions for retirement income policy maturity values and optional settlement rates guaranteed in new policies 2. Modifications that are being made in the Jumping Juvenile, Family Policy and Special Plans 3. Merits of combining individual health with ordinary life insurance plans

Description: Discusses methods developed facilitating the calculation of deficiency reserves arising because of graded premiums or policy fees, The extent dividends and premium rates are determined by a company's own mortality or morbidity experience, problems posed for smaller companies by recent increases in nonmedical limits, and if High School Mathematics Contests have helped smaller companies obtain actuarial personel.

Description: This paper outlines a method of parametric modeling that may be used to produce forecasts and forecast intervals that will convey a measure of the reliance that may be placed on the forecasts. Followed by 2 discussion papers submitted

Description: Digests of following discussions: 1. Mutual life insurance companies - their objectives and operating philosophy 2. State, provincial, and municipal employee pension plans - financing and other problems 3. Mortality and underwriting of individual policies for large amounts 4. Investing during the 1970's 5. Long-range viability and regulation of corporate pension plans 6. Forecasting the environment for business 7. Liabilities and surplus in the 1970's 8. Changing modes of family life - work and income over the life cycle 9. The role of the actuary in collective bargaining 10. Health insurance in the United States 11. Adjusted earnings

Description: In this paper, a general model for a pension plan involving growth with respect to the population, salaries, and retirement benefits is used to study contribution patterns that may arise under different actuarial cost methods. Detailed results are presented for the case where the growth of population and the growth of salaries are described by exponential functions. Economic implications are presented and discussed. From Transactions of Society of Actuaries 1979, Vol. 31.