Description: This is a summary of a presentation made at the 1975 SOA annual meeting regarding statutory reserves, contingency reserves and life insurance company surplus.

Description: Full version of The Actuary Newsletter Volume 9, Number 7 - September 1975

Description: Response to Robert Myers review of an actuarialaudit of the Social Security system performed by Professors Kaplan and Weil.

Description: The results of Competition No. 3 which asked for symbolic representation for actuaries and other professions and solicits entries for competition no. 4.

Description: This presentation was made at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries. It discussed the following: how to choose the best pension assumptions and methods, how to arrive at interest assumptions, and the advantages of cost methods that reflect assumptions about new entrants and other changes in the group. 1975 Record Vol. 1, No. 3

Description: This article covers a session at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries. It addresses the following issues: how the Social Security system reached its present situation with respect to benefit levels and actuarial status, the problems in Social Security funding and with the Social Security system, the prospects for the Railroad Retirement system and the future of Social Security. 1975 Record Vol.1, No.3

Description: Panel discussion on recent developments in individual disability insurance, including morbidity trends, reserving assumptions and variations, marketing and underwriting trends and trends in claims practices. Presented at the Spring 1975 Meeting in New York.

Description: This is a transcript of a session at the Spring 1975 Meeting in New York and discussed the impact of economic conditions on current pension plan design, funding indexed benefits, investment of pension funds, actuarial responsibilities under ERISA and future outlook. 1975 Record, Vol.1, No.2

Description: This discussion focuses on actuarial reports to management. From Record of Society of Actuaries, Vol. 1, No. 1.

Description: In this address by Irving S. Friedman, the speaker reviews the immediate situation of inflation and offers his recommendations on what can be of help to the issue. Friedman additionally provides his own views on inflation and the long-term outlook in the United States and world economies. From Record of Society of Actuaries,Vol. 1, No. 1.

Description: This paper looks at mathematical problems formulated in either explicit or implicit form. Followed by several discussion papers submitted

Description: Full version of The Actuary Newsletter Volume 9, Number 10 - December 1975

Description: This is a greatly condensed summary of the panel discussion of Robert B. Mitchell's book, 'From Actuarius to Actuary, The Growth of a Dynamic Profession in Canada and the United States,' and is intended merely to convey some idea of the interesting colloquy which took place. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the index to Volume 26 of Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76.

Description: The actuarial profession is faced with a problem of determining delta-ized reserves on a basis which will include appropriate provision for adverse deviations in mortality, lapses, interest rates, and expense rates. This paper describes briefly a method which could be used to solve this Followed by papers submitted by 2 authors problem in a flexible manner.

Description: This is the report about the Society of Actuaries' 25th anniversary celebration held in New Orleans, LA on October 28-30, 1974. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the table of contents for papers published in Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 75 AB.

Description: The approach of the year 2000 creates a millennial fascination which causes man to ponder his past, to assess his present, and to peer into his future. This study of the actuarial profession looks upon those design-steering aspects which can lead to a greater future. Although this work adopts the standpoint of a life company actuary, it views the entirety of the profession. All actuaries are bound up in essentially the same future. This study may have special interest to a young person contemplating the actuarial profession as a career. Consequently, an effort is made to consider the subject over the projected career of such a person- roughly to the year 2020. From Transactions of Society of Actuaries 1974, Vol. 26, Pt.1, No. 76.

Description: This panel discussion was devoted principally to the following two papers commissioned for the Society of Actuaries 25th anniversary meeting: 1.'The Future of the Actuarial Profession as Viewed in A.D. 1974' by John M. Bragg, and 2. 'Consulting Actuaries in Canada and the United States' by Samuel Eckler and Wendell A. Milliman. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 2D, No. 76.

Description: This is the meeting minutes from the Annual Meeting held in New Orleans on October 28-30, 1974. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76.

Description: This is a book review of 'Management: Tasks, Responsibilities, Practices' by Peter F. Drucker, considered by some to be the high priest of management. The book is divided into three parts- The Tasks, The Manager and Top Management. The last named contains much food for thought, not just for top management but for the underlayer as well. The first two parts reveal Drucker’s knowledge of and insight into what is good management and what is not. Repeatedly, he makes his point by citing real cases and describing real companies. His occasional comments on the life insurance industry are pointed. The book is also noteworthy for giving us another law to stand alongside those of Parkinson, Murphy and Peter- Drucker’s Law: 'If one thing goes wrong, everything else will, and at the same time.'

Description: This article contains a listing of the publications of the National Center for Health Statistics. Copies of any of the listed publications can be obtained from the National Center for Health Statistics, Rockville, Maryland. In ordering, the series number and the number within the series should be given.

Description: Full version of The Actuary Newsletter Volume 8, Number 5 - May 1974

Description: Various topics were discussed at the concurrent sessions, including but not limited to, expanding the actuariy's horizons to the evaluation of a broader range of risks, life insurance dividends and the actuary as a professional.

Description: This section contains book reviews for books published in the 1973-1974 years. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 76. Books about Actuaries, LIfe Underwriting, Blue Cross, LLoyd's of London, Railroad Retirement Act, Social Security and Medicare, Health Statistics and other insurance related topics.

Description: This is the presidential address by former SOA president, Thomas P. Bowles, Jr. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

Description: This paper summarizes the legislative activity from 1969-72 with regards to social security. Topics include expansions in Old-Age, Survivors, and Disability Insurance [OASDI], establishment of social security trust funds, and changes in Medicare including extensions of benefits to disabled persons. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

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: In this paper, a mathematical model is constructed to study the deviations of claims, investment performance, operating expenses, and lapse expenses as random stochastic processes. Discussions of the paper submitted by 2 readers follows

Description: Full version of The Actuary Newsletter Volume 7, Number 8 - October 1973

Description: This section provides multiple book reviews and summaries of recent publications. Many of the books reviewed deal with pensions, retirement and Social Security. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 72 AB.

Description: Various topics are discussed at concurrent sessions held in May and June, 1973.

Description: Book review of a book on pensions written by Ralph Nader and Kate Blackwell. Review is relatively balanced, yet clearly points out the shortfalls of the analysis put together by Mr. Nader and Ms. Blackwell.

Description: Provides a brief review of World Population: An Analysis of Vital Data by N. Keyfitz and W. Flieger. It presented a collection of life tables and related data covering more than 60 populations over 180 years. This book presents data on mortality from recorded causes of death in 180 populations, with detail provided on age and sex .... This volume should reduce substantially problems of data availability by providing information on mortality experience spanning a period of 103 years, for 48 nations, and encompassing a range of life expectancies from 27 to 77. The data will assist the social scientist in documenting such matters as the sources of the vital revolution, causes of increasing sex mortality differentials, components of age curves of mortality, geographic and temporal variations in mortality structure, and economic and social costs of a disease.

Description: Full version of The Actuary Newsletter Volume 7, Number 2 - February 1973

Description: Various topics dicussed including variable life insurance, forces shaping pension plan design and what is the legitimate demand for actuaries.

Description: Full version of The Actuary Newsletter Volume 6, Number 10 - December 1072

Description: In the absence of a generally accepted guide to actuarial principles and practices for pension plans, a new professional firm offering actuarial consulting services has both the freedom to establish and the burden of establishing the professional policies by which it will be guided. Our thinking about the practical and professional necessity of annual valuations is reflected in this paper. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 69 AB.

Description: This section provides multiple book reviews and summaries of recent publications. Topics include aging, retirement and pension plans, investing, demography, mergers and acquisitions, variable annuities and other insurance and mathmatical subjects. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

Description: This article discusses the changes to the Social Security System that were enacted at mid-year 1972 in Public Law 92-336. Among the changes are the so-called 'automatic' provisions,' under which Social Security benefits are periodically increased in step with the Consumer Price Index, and the earnings base is concurrently increased in step with average earnings levels.

Description: Full version of The Actuary Newsletter Volume 6, Number 7 - September 1972

Description: Sponsors of pension, profit sharing and other tax-exempt trust funds are giving increasing attention to the investment management of these funds, in a dual attempt to improve investment results and to discharge more effectively their stewardship responsibilities for these assets.

Description: Discussion of the diversification activities of a number of life insurance companies. This includes the formation of, or acquisition of, property and casualty insurers, variable annuity companies, mutual fund management companies, banks, finance companies, leasing companies, real estate development companies, televisions and radio stations, newspapers, software consultants and other corporate enterprises. Discussion includes: 1. Activities really compatible with the llfe insurance product. 2. Activities otherwise compatible with corporate objectives or offering potentially large profit centers. 3. Activities which can be an excessive drain on corporate earnings and executive manpower 4. The actuary's role in these diversification activities. Then the discussion goes into a discussion of corporate planning models

Description: This paper describes a method of comparing net costs of dissimilar life insurance contracts. The principles are consistent with those of the interest-adjusted method recommended by the Moorhead committee. The significance of the results, possible applications of the method, and some concerns and conclusions are discussed.

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: This paper deals with credibility as applied to group insurance, where the problem is to estimate the future claim rate of a group as a function of both its own past claim rate and the average claim rate observed for similar groups.

Description: Full version of The Actuary Newsletter Volume 5, Number 4 - April 1971

Description: The following topics were discussed at concurrent sessions: 1. Personal Security in the 1970's- United States and Canada, 2. Adjusted earnings for life companies, 3. Pension funding, 4. What about these younger actuaries?, 5. Sources of statistical information for actuaries, 6. Variable life insurance, 7. Models and decision techniques, and 8. Role of the actuary in expense control. From Transactions of Society of Actuaries 1970, Vol 22, Pt. 2, No. 63.

Description: This note compares hospital utilization and average daily hospital costs for persons aged 65 and over as indicated by 1968 data under Medicare's Hospital Insurance Program and from the American Hospital Association.

Description: Provides a review of the 4th Actuarial Research Conference.

Description: Reviews book entitled An Introduction to Risk and Return from Common Stocks by Richard Brealey. The book provides a description of the stock market, as seen through the eyes of the statistician.

Description: Full version of The Actuary Newsletter Volume 4, Number 1 - January 1970

Description: Several issues under the 1959 Life Insurance Company Income Act are being litigated.

Description: This section presents book reviews and summarizations for recent publications of 1969. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.

Description: The following topics were discussed at concurrent sessions: 1. Pension benefit security bill, 2. Variable insurance products, 3. Trends in hospital and medical care utilization, 4. Insurance distribution and marketing systems, 5. Deferred and incentive compensation, 6. Annual Statement accounting, 7. Social Security and employee benefits in western Europe, 8. Individual medical expense insurance, 9. Reserves and related problems for variable annuities and cost-of-living benefits, 10. Topics for consulting actuaries, 11. Profit and other objectives in group operations, and 12. Life insurance operations overseas- problems and opportunities. From Transactions of Society of Actuaries, 1969 Vol. 21 Pt. 1 No. 61.

Description: This panel discussion covers the origins, changes and developments during the first twenty years of the Society of Actuaries since its founding in 1949. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 61.

Description: Full version of The Actuary Newsletter Volume 3, Number 7 - September 1969

Description: This is a discussion of papers presented at eariler regional meetings. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 1, No. 60

Description: Full version of The Actuary Newsletter Volume 3, Number 5 - May 1969

Description: This is a discussion about insurance company equity products from the viewpoints of the actuary, the agent and the regulatory authority. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59.

Description: This is a discussion about recruiting professional people, and what can be done to reduce the high rate of turnover among professionals, especially during the first few years of employment. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No 59.

Description: This is a discussion about computer models and simulation tools for life insurance companies. From Transactions of Society of Actuaries 1969, Vol. 21, No. 59AB

Description: This is a discussion about how actuaries have become more and more involved in work outside what may be considered traditional actuarial functions. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59.

Description: This is a discussion about equity-oriented product and mutual fund operations. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 59AB

Description: This is a discussion about utility theory. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59

Description: This section presents book reviews and summarizations for recent publications of 1969. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 59 AB.

Description: Full version of The Actuary Newsletter Volume 3, No. 3 - March 1969

Description: Actuaries have been indebted to the Statistical Bureau of the Metropolitan Life for studies in vital statistics associated with the names of Dublin, Lew and Spiegelman and a recent study by Quint and Cody is in this tradition. It is headed Preeminence and Mortality and was presented to the Annual Meeting of the American Public Health Association last November. This article shares further perspectives about longevity, and the characteristics of people who experience long lives.

Description: This article summarizes the speech by Lloyd A. Woolridge on pension vs. profit sharing, insured vs. uninsured and individual vs. group in regards to retirement income plans.

Description: Full version of The Actuary Newsletter Volume 3, Number 2 - February 1969

Description: Article discusses the conference on mathematical simulation models at Duke University on Oct. 31, 1968.

Description: This section presents book reviews and summarizations for recent publications of 1968. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This panel discussion at the SOA 1968 Annual Meeting is about managing, motivating and directing technical and professional personnel.

Description: This article promotes the concept of long range planning for life insurance companies and notes that actuaries are well equiped for this activity.

Description: In this article the author presents a general solution to the problem of finding the effective annual interest rate commonly arising in finance for an installment loan.