Description: Article E&E Development by Lauer in The Actuary, September 1978, Volume 12, Number 7

Description: This article is a follow up to an article in the February, 1977 issue of the actuary, which was a discussion of the article, Sex and the Single Table. This article is a reply by Barbara J. Lautzenheiser, FSA, author of Sex and the Single Table, to a comment her original article generated. This current article again provides an excellent explanation of actuarial risk classification practices, and of the legal and social issues used to argue against risk classification, noting that if society does favor policy that overrides risk classification based on gender, such as promoting unisex tables for determining pension payments, then the implications should be understood.

Description: This article is a discussion of a measure of life insurance policy cost which the author refers to as “aggregate administrative cost ratio,” based on figures from the life insurance companies’ annual statements filed with state insurance commissioners. The article provides the formulas for calculation and demonstrates how the cost ratios can be a useful tool for an individual considering the purchase of life insurance.

Description: This is the first of two articles discussing the model laws governing minimum reserves and non-forfeiture values that the NAIC adopted in December 1980. The author, Chairman of the NAIC Technical Task Force on Valuation and Nonforfeiture Value Regulation, in this first article describes the objectives of the revision, which include updating assumptions, increasing flexibility, and improving the ability to deal with new types of products, the cooperative effort entailed, the actuary’s role and responsibilities in doing business under the new law, and the financial impact.

Description: Article 1979 Research Conference by Klugman in The Actuary, December 1979, Volume 13, Number 10

Description: Article The New Life Company Annual Statements In Canada by Johnston in The Actuary, April 1979, Volume 13, Number 4

Description: Insurance companies use derivatives to manage and mitigate risks that are inherent in their investment or liability portfolios, including traditional asset/liability matching, dynamic hedging and static hedging. The authors explore how Solvency II will influence life insurers’ hedging strategies.

Description: This article is a review of the book “Public Employee Pension Funds,” by Robert Tilove, published in 1976 by Columbia University Press. The book concentrates on the major public policy issues affecting plans of state and local governments. A more detailed review of this book will be published in the “Transactions.”

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.

Description: Review of The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day, by prominent statistician David J. Hand.