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Modeling the Cost of Medical Care for the Elderly
(cost ratio) Retrospective analysis is provided in Table 1 on page 22. Reliable data on spending by age ... percent) and population (+1.2 per- cent) as shown in Table 2, the rise in the percent- age of health care costs ...- Authors: Thomas Getzen
- Date: Jan 2014
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Health Watch
- Topics: Long-term Care>Medical expenses; Modeling & Statistical Methods>Estimation methods
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What is the Scope of Model Validation?
I work for a European company with a U.S. Life and Annuity division, which means we fall under the ... testing. Other sensitivity examples are having mortality swings 5 percent up/down, lapse rates up/ down ...- Authors: Society of Actuaries, James McClure
- Date: Aug 2014
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Actuary Magazine
- Topics: Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Sensitivity testing; Pensions & Retirement>Assumptions and methods
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Accounting for the Purchase of a Life Insurance Company
assumptions with respect to investment income, mortality, withdrawals, and expenses, and discounting these ... (~r) of $90. To further simplify the model, mortality, withdrawals, and expenses are ignored, that is ...- Authors: Stephen D Bickel, Daniel Case, Gary Corbett, W H Odell
- Date: Oct 1975
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Financial Reporting Section News March 2012
three popular accounting systems (US GAAP, IFRS and U.S. statutory) revealed: US GAAP: A Sept. 30, 2010 ... or loss) within IFRS.” U.S. Statutory: Instructions for preparing the U.S. statutory statement include ...- Date: Mar 2012
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Financial Reporter
- Topics: Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]
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Lending Expertise to Help Nonprofit Agency
Lending Expertise to Help Nonprofit Agency Details of an actuary’s project to help a ... Expertise to Help Nonprofit Agency Details of an actuary’s project to help a local nonprofit agency improve its ...- Authors: Society of Actuaries, Roger Rosales
- Date: Aug 2014
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Actuary Magazine
- Topics: Health & Disability>Health care quality; Technology & Applications>Business intelligence
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Health Section Issues New IBNR Study
Health Section Issues New IBNR Study Summary of the health section council’s research project ... IBNR Study Summary of the health section council’s research project to assess the accuracy of commonly ...- Authors: Steven Siegel, Cabe Chadick
- Date: Feb 2010
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Results-Oriented Solutions>Assess decision effectiveness; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Health Watch
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting; Health & Disability>Health care; Modeling & Statistical Methods>Modeling efficiency
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Quality Control of Risk Measures: Backtesting Risk Models - A Tale of Two Powers
Quality Control of Risk Measures: Backtesting Risk Models - A Tale of Two Powers A ... discusses the Basel VaR Value at Risk test of a bank's VaR model. It proposes an alternative, Quality Control ...- Authors: Application Administrator, Jesus Ruiz-Mata, Ricardo Rivera
- Date: Jan 2007
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Enterprise Risk Management>Risk measurement - ERM; Modeling & Statistical Methods>Value at risk - Modeling & Statistical Methods
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Risk-Based Capital Update
fact, investing in T-bills and Standard & Poor's (S&P) futures. They were doing a variety of things. ... company transaction basis. It's not like Schedule S, where you see reinsurance reserve credits and reinsurance ...- Authors: Larry M Gorski, Alastair G Longley-Cook, James Reiskytl
- Date: May 2002
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Enterprise Risk Management>Capital management - ERM; Public Policy
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Active Life Reserves For Individual Health Insurance
is the point? 1. Unlike traditional life and annuity insurance reserve standards, health insurance ... somewhat subtle, has not existed for life and annuity insurance, so it is new, unfamiliar and unwelcome ...- Authors: G Scott Bucher, William J Bugg, Ted Dunn, John A Maurer, Peter Thexton
- Date: May 1986
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Leadership>Thought leadership; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Professional associations; Experience Studies & Data>Disability; Health & Disability>Disability tables; Modeling & Statistical Methods
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Implementing the Illustration Regulation: The Clock is Ticking
that we did have. The net investment income of all U.S. companies before taxes for a period starting back ... but marginal or the generally recognized expense table (GRET) can be used subject to some limitations.- Authors: Application Administrator, David Karo, Daniel Theodore, Robert E Wilcox
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities>Marketing and distribution - Annuities; Life Insurance>Marketing and distribution - Life Insurance; Public Policy