Description: The panel discusses the cost feasibility of a large scale computer being shared by a group of smaller companies, applications found for medium sized computers and the extent companies are using deck size electronic computers. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: The author notes: ‘as actuaries familiar with computers are thoroughly aware, the Halo notation the century-old life contingencies system we all learned as students has to be “linearized” strung out in a straight line for computer programming.’ This article describes a linearized notation that the author has used successfully for several years, for programming use only.

Description: Article from The Actuary, January 1972 – volume 6 - Issue 1 that discusses the potential of APL as a basic actuarial programming language, particularly the applications involving ACT. ACT is a notational language for use in a time-sharing environment and consists of a comprehensive set of macro functions defined in APL.

Description: This 1981 session focused on Recent Trends in Computer Technology including: i. What is the new hardware? 2. What opportunities are offered by the new hardware? a Administrative/service-oriented possibilities I Totality of information storage 2 Paperless administration/elimination of hard copy records 3 Effect on user 4 Different/flexible structure of information 5 On-line processing concurrent with data processing b Product-oriented possibilities i Universal life 2 Flexible premium annuities 3 Adjustable life 4 Retired lives reserve 5 Bank annuities 6 Variable life/annuities From Record of Society of Actuaries, Vol. 7, No. 3.

Description: This article provides a list of insurance related Internet websites.

Description: Insurance regulations are undergoing a paradigm shift in determining capital and reserves. With Solvency II in Europe and principle-based reserving in the United States, the old formula-based static approach is being replaced or supplemented by a principle-based dynamic method. This change requires enhanced modeling, stochastic simulation and sensitivity analysis, which pose challenges to insurers whose infrastructure has not been built for big computation. This paper introduces a method of building complicated models with small reusable modules and running them on a many-task computing platform to achieve high performance with simplicity. The paper presents an example of a term life insurance model built to take advantage of computer hardware for parallel computing at the task level.

Description: This article describes how to model variable annuities using a GPU along with some of the stumbling blocks.

Description: In January 1936, William Phillips, a London actuary, presented a paper to the Institute in which he recommended a methodology to allow life insurance companies to automate their actuarial calculations. This article discusses Phillps' work in this area.

Description: Comments on the article “Developing an Actuarial Programming Language” by Russell J. Mueller in the April newsletter in which it was suggested that “a study should be undertaken to determine the feasibility of developing” such a language. In this connection, the author feels it to be appropriate to draw attention to some practical considerations which should form part of such a study.