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Letters to the National Association of Insurance Commissioners Life/Health Actuarial Task Force Regarding the Development of the New Annuity Non-Forfeiture Law
risk management is cr i t ical in the current dynamic and volati le interest rate environment. The attached ... actuarial exams. In the 1970 and early 1980's, a dynamic interest environment develop=.. widely available ...- Authors: Roger K Wiard-Bauer
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Annuities
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Contingent Claims Valuation of 'Greater of' Benefits
path-dependent problems but does not capture any optimal dynamic aspects of the valuation. .rc.o~m_~L~mm~ This ... withdraw or retire could be assumed to be based on a dynamic optimisation dec~'on. Stw.h behaviour cotdd be ...- Authors: Michael Sherris
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Pensions & Retirement>Hybrid plans
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Review of Social Security Financing and Related Matters
Review of Social Security Financing and Related Matters This paper is a report on research for ... 101-103 [7] J. C. Hickman, "Pension Funding in a Dynamic Environment" [8] Mercer 1992 Guide to Social ...- Authors: Cecil J Nesbitt, FELICITY RENEE MESSNER, AARON JON ROBERTSON
- Date: Jan 1993
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Social Insurance>Social Security
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Solvency Risk
initiative is the concept of dynamic solvency testing [3], [4]. Dynamic solvency testing, or DST, provides ... Committee on Solvency Standards, "A Primer on Dynamic Solvency Testing", August 1, 1989. Canadian Institute ...- Authors: Henry Essert
- Date: Jan 1993
- Competency: Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Finance & Investments
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Actuarial Issue In Prepaid Tuition Contracts
Actuarial Issue In Prepaid Tuition Contracts This paper discusses contracts sold by states ... focuses the user's attention on the perceived dynamic elements underlying the economic process in question ...- Authors: Robert Crompton
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Economics; Finance & Investments
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Research Report on Selected Dynamic Solvency Testing Topics
Research Report on Selected Dynamic Solvency Testing Topics The purpose of this reports is to define ... currently available in support of the development of dynamic solvency testing, DST. The paper covers topics ...- Authors: Allan Brender, Donna Claire
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting
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Entropy - Reducing Properties of Predictive Financial Models
Entropy - Reducing Properties of Predictive Financial Models This paper is about a concept ... predictive financial model. In terms of the dynamic betting game model discussed above, Kelly's conditions ...- Authors: Nicholas John Macleod, Joel D Thomison
- Date: Jan 1993
- Competency: External Forces & Industry Knowledge
- Publication Name: Actuarial Research Clearing House
- Topics: Economics>Financial markets; Technology & Applications>Analytics and informatics
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Conveying Actuarial Concepts
in that it shows the concept in a precise and dynamic way. Blackboard drawings are static and often ... environment can transform conventional lectures into a dynamic interaction between instructor and students whereby ...- Authors: Arnold Shapiro, Schenley Hajek Hall, William J Gibbs
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Actuarial Profession; Technology & Applications
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The Potential Role of Dynamic Solvency Testing in Preventing Insolvencies of Insurance Companies: A Historical Perspective
The Potential Role of Dynamic Solvency Testing in Preventing Insolvencies of Insurance Companies: A Historical ... Research paper presenting the potential role of Dynamic Solvency Testing, DST, in preventing the insolvency ...- Authors: Robert S Fillingham
- Date: Jan 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting
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Nonparallel Yield Curve Shifts and Convexity
price to A(0)? (4) All arguments ignore the time dynamic: What is the relationship be- tween Ai and At ... classical models, "[a]ll arguments ignore the time dynamic." This is one of his reasons for introducing a ...- Authors: Robert Reitano
- Date: Oct 1992
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments>Investments
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Principles of Actuarial Science
models. Such deterministic models may, however, be dynamic in nature, reflecting as- sumptions about the ... reduction in process or even parameter risk. Dynamic Structures of Financial Security Systems I contend ...- Authors: Robert P Clancy, Arnold Dicke, Warren Luckner, Robert A Miller, Harry H Panjer, Donald M Peterson, BRADLEY WAYNE BERGQUIST, Charles Barry H. Watson
- Date: Oct 1992
- Competency: Professional Values>Practice expertise
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession>Best practices
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Internal Rate of Return as an Evaluator of Tax-Planning Strategies
Internal Rate of Return as an Evaluator of Tax-Planning Strategies This paper develops ... AND TLrrrLE, D. Managing lnvestment Portfolios-A Dynamic Process. Charlottesville, Va.: Institute of Chartered ...- Authors: Kenneth LaSorella, Edward Robbins
- Date: Oct 1992
- Competency: Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Tax accounting
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C-3 Task Force Report - Modeling The C-3 Risk
The investment strategy can be either dynamic or fixed. In dynamic strategies, investment and liquidation ... for interest-sensitive products are examples of dynamic strategies. G. Defining Interest Scenarios One ...- Authors: Peter B Deakins, Stanley B Tulin
- Date: Jan 1992
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments>Risk measurement - Finance & Investments
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Hierarchical Bayesian Whittaker Graduation
Hierarchical Bayesian Whittaker Graduation In this paper the ad-hoc Bayesian derivation of ... Series," in Baitestan Analysts of Txrne Ser~es and Dynamic Models. J. Small, ed.. New York: Marcel Dekker ...- Authors: Stuart Klugman
- Date: Jan 1992
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Modeling & Statistical Methods>Bayesian methods
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Analyzing Nonlinear and Non-Gaussian Actuarial Time Series
become a powerful tool for modeling and forecasting dynamic sys- tems. These models, in conjunction with ... HARRISON, P.J- (1989). Bayesian Forecaszng and Dynamic Models. New York: Springer-Verlag. {27] WEST ...- Authors: Bradley P Carlin
- Date: Jan 1992
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Modeling & Statistical Methods
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Intervention Effects Among a Collection of Risks
the relationship among the parameters of the dynamic equations are made ex- plicit, as are the actuarial ... a collection of risks can be calculated under dynamic situations by determining the value of f` over ...- Authors: H Tolley, Kenneth G Manton
- Date: Oct 1991
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Experience Studies & Data>Morbidity; Experience Studies & Data>Mortality; Modeling & Statistical Methods; Modeling & Statistical Methods>Markov Chain
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Information Theoretic Approach to Actuarial Science: A Unification and Extension of Relevant Theory and Applications
Information Theoretic Approach to Actuarial Science: A Unification and Extension of Relevant Theory ... theory or the Kolmogorov-Ornstein theorem for dynamic flows. Incidentally, the Boltzmann H-Theorem is ...- Authors: Bradley P Carlin, Beda Chan, Thomas Herzog, William L Roach, Elias Shiu, Patrick L Brockett, Josh Babier, Wojciech Szatzschneider, E S Rosenbloom
- Date: Oct 1991
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession; Modeling & Statistical Methods
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The Distribution of Prescription Drug Use By The Elderly - The Pace Experience
based on their initial enrollment dates, s The dynamic effects of exposure to PACE benefit coverage on ... second alternative is that the trend reflects some dynamic pattern in drug use behavior leading those with ...- Authors: Arnold Shapiro, JOHN THOMAS MONYAK, Bruce C Stuart, N Edward Coulson
- Date: Jan 1991
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Health & Disability; Modeling & Statistical Methods
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Option Bounds in Discrete Time with Transaction Costs
replicating a long position in the option by a dynamic hedging strategy. Proportional transaction 368 ... cost of creating a long European call option by dynamic hedging when there are transaction costs. This ...- Authors: Phelim Boyle, Ton Vorst
- Date: Jan 1991
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Finance & Investments; Modeling & Statistical Methods
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An Excess Spread Approach to Nonparticipating Insurance Products
rate. By using the excess spread approach, more dynamic strategies can also be tested; one is shown in ... plus two-thirds of the previous credited rate Dynamic Resetting Strategy Reset to: the new money rate ...- Authors: Mark Griffin
- Date: Oct 1990
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments>Asset liability management
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The Financial Implications of AIDS for Life Insurance Companies in the United States
The Financial Implications of AIDS for Life Insurance Companies in the United States The main ... Rather, the Task Force recommends that more dynamic methods of recognizing the cost of AIDS be adopted ...- Authors: Robert Beal, David J Christianson, Harold J Deutscher, Ardian Gill, William C Koenig, Paul E Sarnoff, Thomas Reese
- Date: Oct 1990
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Life Insurance>Reserves - Life Insurance
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Design and Pricing of Home Equity Line of Credit Insurance
Design and Pricing of Home Equity Line of Credit Insurance This paper presents the application ... approach provides data for "detailed" analysis, a dynamic approach can serve to estimate the overall profitabil ...- Authors: Marina Adelsky
- Date: Jun 1990
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Finance & Investments; Life Insurance>Pricing - Life Insurance
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Some Simple Models of the Investment Risk in Individual Life Insurance
Some Simple Models of the Investment Risk in Individual Life Insurance This paper develops a theory ... only state variable 2. CI&R use a different dynamic assumption d, = t>{ I e-r ') ~t -t- <t'VI J.- Authors: Application Administrator
- Date: Jan 1990
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Life Insurance; Modeling & Statistical Methods
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Interest Rate Volatility and Equilibrium Models of the Term Structure: Empirical Evidence
take advantage of the availabi l ity of the dynamic specif ication of the single forcing variable ... essential of the moment matching idea. It exploits the dynamic specif ication of the CIR model in testing the ...- Authors: Marc A Godin
- Date: Jan 1990
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Modeling & Statistical Methods>Asset modeling
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Personal Reflections on Actuarial Science in North America from 1900
how they are applied, with recognition of the dynamic nature of these fundamental concepts in that they ... 130 on linear programming, project scheduling, dynamic programming, re- lates to topics that came to ...- Authors: Cecil J Nesbitt
- Date: Jan 1990
- Competency: External Forces & Industry Knowledge
- Publication Name: Actuarial Research Clearing House
- Topics: Actuarial Profession
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Book Reviews
Book Reviews This paper presents reviews of: 'Life Insurance' 11th Edition by ... valuation laws includes a good explanation of the dynamic valuation law adopted in the 1980s. Chapter 21 ...- Authors: Edward Cowman, William B Frye, Sheila I Kelley, J Bruce MacDonald, Ernest J Moorhead, Anthony B Richter, George Y Cherlin
- Date: Oct 1989
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession>Professional development
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Source-of-Earnings Analysis under FAS 97 Universal Life Accounting
Method 2 calculation of total expected profit is dynamic; that is, it adjusts for the difference in actual ... approach, because the latter often uses either the dynamic worksheet method or the factor method to amortize ...- Authors: Joseph H Tan
- Date: Oct 1989
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Universal life
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The Federal Employees' Retirement System Act of 1986
The Federal Employees' Retirement System Act of 1986 The Federal Employees' Retirement ... file annual disclosure reports with GAO using dynamic methods, i.e., actuarial assumptions reflecting ...- Authors: Richard Schreitmueller
- Date: Oct 1988
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Plan design; Pensions & Retirement>Public sector plans
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Amortizing Acquisition Expenses in Proportion to Premium Revenues
identifies some shortcomings of the traditional dynamic method and other published meth- ods. The paper ... explores the advantages and disadvantages of various dynamic adjustment methods under different test situations ...- Authors: Mark Evans
- Date: Oct 1988
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Expenses - Life Insurance
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Source of Earnings Analysis for Flexible Premium and Interest-Sensitive Life and Annuity Products
interest-sensitive life and annuity products, because of the dynamic nature of the nontraditional products. This paper ... Sys- tem" (TSA XXIII (1971):391). However, the dynamic aspects of flexible premium and interest-sensitive ...- Authors: Robert Stein, Joseph H Tan
- Date: Oct 1988
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Annuities>Fixed annuities; Enterprise Risk Management>Financial management; Life Insurance>Universal life
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Report of the Task Force on Mutual Life Insurance Company Conversion
courses of action might be. The reason is that in a dynamic world there are interrelationships among the factors ... lifetime of the model company. The model uses a dynamic dividend-setting process which incorporates the ...- Authors: Michael H Berkowitz, Michael Cowell, John H Elken, Charles Greeley, Curtis E Huntington, Robin B Leckie, Robert D Lowden, Application Administrator, James Murphy, Henry Ramsey, Lewis P Roth, Robert Shapiro, Walter Shur, Edward J Slaby, James A Tilley, James L Wertheimer, Harry D. Garber, steve smith
- Date: Oct 1987
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting; Public Policy
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Terminal Funding
Terminal Funding This paper is a practical guide to the terminal funding annuity product. Actuarial ... ANALYS1S The minimum statutory reserves under the dynamic valuation law are based upon Moody's Corporate ...- Authors: Victor Modugno
- Date: Oct 1986
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Annuities>Group plans - Annuities; Pensions & Retirement
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Strategic Management of Life Insurance Company Surplus
Strategic Management of Life Insurance Company Surplus This paper outlines a framework for managing ... The interest rate change component is based on dynamic factors. For each product line, the applicable ...- Authors: Richard Kischuk
- Date: Oct 1986
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments>Capital management - Finance & Investments
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Measuring the Interest Rate Risk
asset values do; net worth is determined by the dynamic interplay of these changes. For instance, surplus ... sitive cash flows, duration matching amounts to a dynamic trading strategy for synthetic option replication ...- Authors: Paul Milgrom
- Date: Oct 1985
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments
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Options on Bonds and Applications to Product Pricing
Options on Bonds and Applications to Product Pricing This paper presents a theoretical ... assumption, usually chosen to be static rather than dynamic, and almost never chosen to optimize risk control ...- Authors: Robert P Clancy
- Date: Oct 1985
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments
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Select and Ultimate Financial Assumptions in Pension Plan Valuations: An Analysis of the Issues
Select and Ultimate Financial Assumptions in Pension Plan Valuations: An Analysis of the Issues ... alter these rates by calendar year despite the dynamic nature of the financial assumptions. While this ...- Authors: Vincent Amoroso, Edward W Brown, Yuan Chang, Robert P Ford, Jeff Furnish, Michael J Gulotta, John J Haley, Application Administrator, Michael Krosky, Martin A Pepper, Patricia Conger, Neela Ranade, A Frederick Rohlfs, William E Schroeder, T Thomas Simester, Susan M Smith, Ailey Bailin, Richard L. Helms
- Date: Oct 1985
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods
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Interest Rate Futures: An Alternative to Traditional Immunization in the Financial Management of Guaranteed Investment Contracts
Interest Rate Futures: An Alternative to Traditional Immunization in the Financial Management of ... assumptions made in traditional immunization. Dynamic interest rates could be incorporated to verify ...- Authors: Allan M Fen
- Date: Oct 1985
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments
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Assumptions in Pension Plan Valuations
Assumptions in Pension Plan Valuations The two basic considerations in a pension plan valuation are ... Prospective consistency can be an extremely dynamic consideration. This is particularly true for ...- Authors: Arnold Shapiro
- Date: Jan 1985
- Competency: External Forces & Industry Knowledge
- Publication Name: Actuarial Research Clearing House
- Topics: Pensions & Retirement>Defined benefit plans
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Required Surplus for the Insurance Risk for Certain Lines of Group Insurance
relationship is obvious or neces- sary. Moreover, in a dynamic environment, surplus requirements often will increase ... time. Therefore, it is necessary to introduce dynamic elements into the discussion. We shall identify ...- Authors: John K Ahrens, Allan Brender, James Ramenda
- Date: Oct 1984
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Transactions of the SOA
- Topics: Life Insurance>Group plans - Life Insurance; Modeling & Statistical Methods
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The Guaranteed Investment Contract 'GIC'
valuation law following the 1980 NAIC model for a dynamic valuation law (only Virginia, Alaska, and the ... GIC statutory reserve requirements (per the 1980 dynamic valuation law) may not be adequate. For a multiple ...- Authors: John D Stiefel
- Date: Oct 1984
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Pension investments & asset liability management
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Population Waves and Fertility Fluctuations: Social Security Implications
recast . Human fe r t i l i ty responds in a dynamic i f complex manner to changes in the env i ronment ... 15, pp. 397-432. Prauenthal, J.C. (1975), "A Dynamic Model for Human Population Growth," Theoretical ...- Authors: Phelim Boyle, Ruth Freedman
- Date: Jan 1984
- Competency: External Forces & Industry Knowledge
- Publication Name: Actuarial Research Clearing House; Transactions of the SOA
- Topics: Demography
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Universal Life and Indeterminate Premium Products and Policyholder Dividends
mium method of calculating reserves, but the dynamic interest method makes sense only under the retrospective ... variously called the "triangular method," the "dynamic segment method," or the "Commissioner's Annuity ...- Authors: Ted E Becker, Stephen D Bickel, Robert J Callahan, Mark Anthony Hug, Thomas G Kabele, Stephen B Moses, John Palmer, Claude Thau, John C Winter
- Date: Oct 1983
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Tax accounting; Public Policy; Public Policy
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Distribution of Aggregate Claims in the Individual Risk Theory Model
Distribution of Aggregate Claims in the Individual Risk Theory Model In this paper an algorithm ... one's short-term perspective into a long-range dynamic modelmthat is, a theory of surplus. Of course ...- Authors: Peter Kornya
- Date: Oct 1983
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Modeling & Statistical Methods
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A Better Financing Approach for Social Security
high a price in political inflexibility. In a dynamic society, perhaps it is unrealistic and undesirable ... probably going to happen again and again, since dynamic systems do not 132 SOCIAL SECURITY FINANCING ...- Authors: Francisco Bayo, Hobson Carroll, Milton P Glanz, James C Hickman, Steven F McKay, Robert J Myers, Richard M Rasiej, Kenneth Steiner, Howard Young, A M Niessen
- Date: Oct 1983
- Competency: External Forces & Industry Knowledge>External forces and business performance; Leadership; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Transactions of the SOA
- Topics: Social Insurance>Social Security
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The Generalized Ordinary Dividend Formula under TEFRA
The Generalized Ordinary Dividend Formula under TEFRA This paper extends the author's ... cases; then, k would become zero. In Section V. a dynamic or floating definition of B .~, is given, which ...- Authors: Donald D Cody
- Date: Oct 1983
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Life Insurance
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Segmentation of Insurance Company General Accounts
Segmentation of Insurance Company General Accounts This paper describes a major refinement ... major lines of business. Optimal response to the dynamic economic and financial markets in which we operate ...- Authors: James A Attwood, Carl R Ohman
- Date: Oct 1983
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments
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Development of the 1983 Group Annuity Mortality Table
Development of the 1983 Group Annuity Mortality Table This paper describes the analysis made ... December of 1979. A Standard Valuation law based on dynamic interest rates had been introduced which would ...- Authors: Robert M Chmely
- Date: Oct 1983
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Experience Studies & Data>Mortality
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A Strategic Premise for Actuarial Education
socio-demographic environment. The future will be far more dynamic and will require a flexible approach to both the ... how they are applied, with recognition of the dynamic nature of these fundamental concepts in that they ...- Authors: Michael Cowell
- Date: Oct 1983
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession>Professional development
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Indexing of Federal Retirement Systems for Inflation
entry-age-normal cost funding method that recognizes dynamic assumptions. Prior to 1935, the Navy had a pension ... recommended that the entire system be placed on a dynamic funding basis and this recommen- dation has been ...- Authors: Edwin Hustead, Toni Hustead
- Date: Oct 1982
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Public sector plans
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Indexing Pensions - Protecting Postretirement Purchasing Power
such as 3 percent, for which a shift is made to dynamic assumptions incorporating inflation of, say, 5 ... implied that pension plan contributions in a dynamic economy are the same for an indexed as for a nonindexed ...- Authors: Gerald Richmond, Mark L Rosen
- Date: Oct 1982
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Defined benefit plans
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An Expanded Financial Structure for Ordinary Dividends
ordinary lines. 7. The structure should have a dynamic capability of showing how changes in the future ... minimum valuation reserve bases incorporating dynamic interest rates on guaranteed interest contracts ...- Authors: Donald D Cody
- Date: Oct 1981
- Competency: Results-Oriented Solutions
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments
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The Funding of Negotiated Pension Plans
affect the size of the active work force? A dynamic simulation model that mimics the typical negotiated ... plans. The ana- lytical technique used involves a dynamic model that simulates the behavior of each element ...- Authors: Robert C Kryvicky
- Date: Oct 1981
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Multi-employer plans
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A Financial Model For Retirement Income Planning
A Financial Model For Retirement Income Planning The subject of this paper is a financial ... financially secure retirement income. The model is dynamic and stochastic, operates in nominal and real terms ...- Authors: Christoph Haehling von Lanzenauer
- Date: Jan 1981
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Actuarial Research Clearing House
- Topics: Modeling & Statistical Methods>Dynamic simulation models; Pensions & Retirement
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Notes on the Dynamics of Pension Funding
principles applicable to pension funding under dynamic conditions of population growth, inflation, and ... Research Clearing House 1981, Vol. 1. Assumptions;Dynamic simulation models;Inflation;Variable annuities; ...- Authors: Newton L Bowers, James C Hickman, Cecil J Nesbitt
- Date: Jan 1981
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Actuarial Research Clearing House
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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Bond Immunization Strategies
BENEFIT CASH a. STATIC GROUP I WHOLE LIFE b. DYNAMIC GROUP I LIMITED YEARS The first American author ... the luture. The second example focuses on a dynamic group of pensioners, in other words, a ~roup ...- Authors: William A Dreher
- Date: Jan 1981
- Competency: External Forces & Industry Knowledge
- Publication Name: Actuarial Research Clearing House
- Topics: Pensions & Retirement>Pension investments & asset liability management
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A Critical Analysis of the Assumptions in the 1980 Social Security Trustees' Reports
in the trustees' reports were computed using dynamic economic assumptions with regard to benefit increases ... situation prevailing at the time--and so the use of dynamic projected economic assumptions was not appropriate ...- Authors: Roland E King, Clifford Keith Powell
- Date: Jan 1981
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Social Insurance>Social Security
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Measures of Actuarial Status for Social Security: Retrospect and Prospect
uncertainties as to future hospital practices." Second, dynamic economic assumptions were made with respect to ... beyond those scheduled in present law. For OASDI, dynamic economic assumptions would have tended to produce ...- Authors: Dwight K Bartlett
- Date: Jan 1981
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Social Insurance>Social Security
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Insurance Company Growth
Insurance Company Growth This paper defines a concept of equivalence for profit standards. The ... are its limited resources but also what are the dynamic relationships among its key re- sources. Most ...- Authors: Dale Hagstrom
- Date: Jan 1981
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Economics; Finance & Investments
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The Dynamics of Pension Funding: Contribution Theory
The Dynamics of Pension Funding: Contribution Theory In this paper, a general model for a pension ... 1979, Vol. 31. Defined benefit plans=DB plans;Dynamic simulation models;Inflation;Pension valuation; ...- Authors: Newton L Bowers, James C Hickman, Cecil J Nesbitt
- Date: Oct 1979
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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Nonparticipating Adjustable Individual Life Policies
Nonparticipating Adjustable Individual Life Policies This paper considers in more detail ... participating and nonpar- ticipating insurance is more dynamic than the author suggests; over the last twenty ...- Authors: Solomon Goldfinger, Spencer Koppel, Thomas C Powell
- Date: Oct 1979
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Life Insurance; Life Insurance>Pricing - Life Insurance
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Book Reviews and Notices
the system to evolve as it did. An underlying dynamic was what she terms "the electoral connection," ... under the plan, using dynamic assumptions and a variety of funding methods. The dynamic assumptions were ...- Authors: E Allen Arnold, Ronald L Haneberg, Carlton Harker, Robert O Martinelli, Walter Shur, Jeanne Cullinan Ray
- Date: Oct 1979
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Economics>Financial markets; Pensions & Retirement; Social Insurance>Survivor benefits
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An Overview of the Ball State Conference
An Overview of the Ball State Conference The paper highlights the intended outcomes of the ... results and deeper insights. Cecil Nesbitt used a dynamic pension model with population and salary growth ...- Authors: James C Hickman
- Date: Oct 1978
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Book Reviews and Notices
Book Reviews and Notices This paper presents multiple book reviews: Reports from Staff of U.S. House ... in our very complex economy there are too many dynamic elements and too much shifting among them for ...- Authors: Theodossios Athanassiades, Preston C Bassett, Raymond W Bender, Vincent W Donnelly, Charles T P Galloway, Richard (Dick) L London, Walter N Miller, Robert J Myers, Charles A Siegfried, Allan B. Roby
- Date: Oct 1978
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Economics>Financial markets; Financial Reporting & Accounting; Life Insurance>Pricing - Life Insurance; Social Insurance>Social Security
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GAAP Acquisition Expense Amortization Methodology
GAAP Acquisition Expense Amortization Methodology This paper discusses three methods for ... static approach with prescheduled amortization, a dynamic technique called the expense reserve factor method ...- Authors: Alan Goldberg, Thomas G Kabele, Lester Moskowitz, Claude Y Paquin, Joe B Pharr, Donald R Sondergeld
- Date: Oct 1978
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Philosophic Issue in Dividend Distribution
somewhat parallel line of reasoning rests on the dynamic nature of a corporate enterprise. A vigorous company ... policy- holders benefit from participating in a dynamic, growing company, and a levy to finance sound ...- Authors: Robert C Winters
- Date: Oct 1978
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Life Insurance>Whole life
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Characteristics and Operation of Projection Valuation Methods for Pension Plan Funding
Characteristics and Operation of Projection Valuation Methods for Pension Plan Funding A new ... 1977, Vol. 29. Defined benefit plans=DB plans;Dynamic simulation models;Pension valuation; 2380 10/1/1977 ...- Authors: Robert J Schnitzer
- Date: Oct 1977
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods
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Book Reviews and Notices
Book Reviews and Notices This section contains multiple book reviews and notices concerning the actuarial ... $17.50. As might be expected in a business as dynamic as group insurance, few text- books have been ...- Authors: Society of Actuaries
- Date: Oct 1977
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Health & Disability>Disability insurance; Health & Disability>Health risks; Modeling & Statistical Methods>Stochastic models; Pensions & Retirement; Pensions & Retirement>Funding; Social Insurance>Social Security
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The Unresolved OASDI Decoupling Issue
1972 amendments, actuarial cost estimates on a dynamic basis s were pointing up the sensitivity of these ... changes in prices and earnings are said to be "dynamic." 434 THE IYNRESOLVED OASDI DECOUPLING ISSUE ...- Authors: Barnet N Berin, Ernest J Moorhead, Robert J Myers, Cecil J Nesbitt, Charles L. Trowbridge
- Date: Oct 1977
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Social Insurance>Social Security
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Book Reviews and Notices
in the predecessor book--an indication of the dynamic state of social security now as compared with ... mis- understanding, is likely to play a more dynamic role in determining the shape of the 342 BOOK ...- Authors: Society of Actuaries
- Date: Oct 1976
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Experience Studies & Data>Morbidity; Experience Studies & Data>Mortality; Life Insurance>Non-forfeiture benefits; Pensions & Retirement>Public sector plans; Social Insurance>Social Security
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Social Security Integration
Social Security Integration This paper offers a mathematical discussion of integrating ... clarifying the perplexing problem of how to integrate dynamic social security benefits with pension plan benefits ...- Authors: Arthur W Anderson, Barnet N Berin, Cecil J Nesbitt
- Date: Oct 1976
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Public Policy; Social Insurance>Social Security
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The Education of the Actuary in the Future
The Education of the Actuary in the Future Presentation of proposals that are designed to further ... govern- ment programs, expense-handling in a dynamic economy, political aspects of the insurance business ...- Authors: Cecil Bykerk, Michael Cowell, Michael Frank, Cecil J Nesbitt, Peter W Plumley, Anna M Rappaport, Donald R Sondergeld, Forrest Allen Spooner, Aaron Tenenbein
- Date: Oct 1975
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; External Forces & Industry Knowledge>External forces and business performance; Professional Values>Public interest representation
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession>Academic partnerships; Actuarial Profession>Qualifications; Actuarial Profession>Professional associations; Actuarial Profession>Professional development
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Book Reviews and Notices
Book Reviews and Notices This section presents book reviews and summaries of recent publications. ... A. Retting and O. Nichols, Some Aspects of the Dynamic Projection of Benefits under the 1973 Social Security ...- Authors: Society of Actuaries
- Date: Oct 1975
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Pensions & Retirement
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Recursive Definitions of Actuarial Functions
of the recursive approach is that it permits a "dynamic" definition of the problem. One can proceed from ... Donald. While this problem does not have the "dynamic" 56 RECURSIVE DEFINITIONS OF ACTUARIAL FUNCTIONS ...- Authors: Stephen G Kellison, Quintin J Maltby, Lester R McCracken, Thomas P Tierney, Application Administrator, Edward J Seligman, Thomas N E Greville
- Date: Jan 1975
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Modeling & Statistical Methods
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Index to Volume XXVI
D719. From Actuarius to Actuary: The Growth of a Dynamic Professian in Canada and the United States, XXVI ... on: From Actuarius to Actuary: The Growth of a Dynamic Profession in Canada and the United States, XXVI ...- Authors: Society of Actuaries
- Date: Oct 1974
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession
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On Calculating Delta-Ized Reserves - Actuarial Note
On Calculating Delta-Ized Reserves - Actuarial Note The actuarial profession is faced with ... flexible manner. Discount rates=Interest rates;Dynamic simulation models;Monte Carlo simulation;Statistical ...- Authors: William A Bailey, Cecil J Nesbitt, David G Halmstad
- Date: Oct 1974
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Modeling & Statistical Methods; Modeling & Statistical Methods>Markov Chain