Description: The paper discusses the optimal design of dividend - or premium refund - formulas that occur in connection with group insurance contracts. Sample formulas are provided and analyzed from a statistical analysis perspective . Followed by 2 discussion papers submitted

Description: These are discussions of the following research papers: 1. 'Actuarial Functions as Expected Values' by John A. Fibiger and Stephen G. Kellison, and 2. 'A New Look at Gain and Loss Analysis' by Arthur W. Anderson. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 1, No. 66 AB.

Description: The basic thesis posed by this overview is that a mixed strategy, involving both savings and labor force components for the challenge of the graying of the developed world is a good public, corporate, and individual strategy. From The Old-Age Crisis - Actuarial Opportunities -The 1996 Bowles Symposium, M-RS99-1.

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: This session at the SOA 1990 Annual Meeting is about what do we need to do as a profession in order to prepare ourselves and our profession as a whole for the needs and demands of the future. Focus is on education, research, professionalism, and public relations.

Description: This session 1GS of thePalm Desert Spring Meeting discusses the aging of our society. Topics include how fertility and mortality affect aging and the effects of changing demographics in the U.S. From Record of Society of Actuaries, Vol. 23, No. 1.

Description: This provides a basic example of a mathematical model which may be used to build an investment portfolio which will minimize the risk of interest rate fluctuations.

Description: The purpose of this paper is to perform conjugate Bayesian analysis on the negative binomial distribution with the goal of providing a standard by which approximate credibility formulas and approximate predictive distriubtion may be judged. From Actuarial Research Clearing House 1993, VOL. 1.

Description: Concomitant with the industrial revolution, the function of providing old age income shifted from families and local institutions to government social security and private pension plans. The history of this change in the U.K. and U.S. is reviewed. A simple mathematical model provides insights into the role played by three rates [the rate of increase of the working population, the time preference rate, and the rate of real wage growth] in determining optimum funding policy. From Actuarial Research Clearing House 1994, Vol. 2.

Description: This paper discusses the cause of the long-term financial problem of the Old-Age, Survivors, and Disability Insurance OASDI program, outlines an alternative actuarial financing approach for OASDI as a solution to this problem, and details the advantages of this approach over the current financing method. Followed by several discussion papers submitted