Description: This is a report on Phase 2 of a research project on the role of automated systems in life insurance underwriting. This paper discusses: 1. How and why companies are using automation to make underwriting decisions. 2. Its impact upon operational efficiency, sales, and retention. 3. The quality of risk selection produced by automated systems. 4. Cultural acceptance of increased automation in underwriting. 5. Challenges insurers must overcome to implement and maintain automated underwriting.

Description: This paper presents a new approach for pricing insurance contracts. The approach is based both on economic and probabilistic arguments. The novel property of this paper is that the pricing argument is based on two factors determining the insurer's expected profit: the first one is the net revenue from selling insurance contracts and the second is the possible loss due to insolvency. From the Actuarial Research Clearing House ARCH 1997 Vol. 1.

Description: This 1978 session focused on Group Life Insurance. Questions discussed included: 1. How does current group mortality compare with the 1960 Basic Group Mortality Table? 2. What is the relationship of female to male mortality rates? 3. How do the premium rates of insurance companies compare with the 1960 Basic Group Mortality Table? 4. What group and industry experience indicate the appropriateness of premium discounts and loadings? 5. To what degree are alternative funding approaches utilized for group life insurance? 6. How many life years of exposure are necessary for credibility to be given to the experience of a group? 7. What measures are utilized to hold experience fund deficits to a manageable level for group life? 8. What is the proper reserve for pending or unknown death claims? 9. What is the proper reserve for pending or unknown disability waiver of premium claims? 10. What is the proper reserve for approved waiver of premium claims?

Description: This 1979 session is about Life Company performance measures and pricing. Topics included: 1. What are appropriate performance criteria? a. In terms of financial results b. In terms of growth 2. How are goals established? a. For Mutual companies b. For Stock companies 3. What measurement tools do we use? a. Comparison of actual to expected results b. Compound growth rates c. Rules of thumb for various performance ratios d. Analysis of source of earnings 4. How are results used in pricing? a. Pricing consistent with goals are goals consistent with projections? b. Problems relating to allocation by line

Description: Provides study results for both medically and non-medically underwritten business. Gender analysis is also provided for the period between the 1956 - 1961 anniversaries. Cause of death analysis is provided for the period between the 1959 - 1961 anniversaries, for which gender splits are also provided.

Description: Presents aviation mortality statistics for 1964, with estimated rates for 1965. Historical data is also provided from 1953 onward.

Description: This study covers inter-company mortality experience under standard ordinary insurance issues between 1967 AND 1968 anniversaries.

Description: This is the table of contents of the 1971 reports of mortality and morbidity experience.

Description: This 1972 report covers the intercompany mortality experience under Standard Ordinary insurance issues between 1970 and 1971 anniversaries, and also for the period between 1966 and 1971 anniversaries where the volume of data over one year's exposure was insufficient.

Description: This report provides the Substandard Ordinary mortality experience on life insurance policies during the first fifteen policy years. The study covers experience between 1972 and 1977 policy anniversaries.