Description: Essay of using microeconomics and Embedded Value concepts to evaluate direct marketing programs.

Description: Presented at April 1985 Spring Meeting. This session discussed: Financial reporting systems as a source of information for product development, Interaction of pricing actuary, valuation actuary, and investment officer in designing interest-sensitive products, Allocation impact on product development - expense, investment income, tax, and capital, Financial reporting information on changing premium rates for nonguaranteed premium products, Maintaining consistency between pricing and financial projection models, and Reserve basis impact on product development.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about the various factors to be considered in determining the interest margins for interest-sensitive life insurance, annuities and GICs, i.e. the difference in earned and credited rates including practical considerations. Valuing embedded options in assets and liabilities is also discussed.

Description: This article is a response to the article Current U.S. Ordinary Life Mortality by Doug Doll and Mike Jones. The author offers his interpretation of the mortality improvements observed between 1980-85 and 1983-88.

Description: In this Forward to the Product Development Section Monograph M-AS99-3, the authors reflect on the changes that have occurred during the first 50 years of the SOA and introduce the selected articles that reflect the forces of change in product development work.

Description: This 1977 panel discussion examined actuarial considerations in the design of term products. Topics included: 1. The special design features included in renewable and decreasing term plans 2. special factors that need to be considered in the pricing of term products 3. Typical term profit objectives

Description: It is the purpose of this paper to include in our Transactions a description of a method for deriving premiums for renewable term insurance of contemporary design, under conditions where experience under such insurance is not available. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: This paper develops a method of developing and pricing life insurance based on game theory. The interests of the agent, company and insurance prospect are taken into account. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 56 AB.

Description: This panel discussion focuses on expense analysis and allocation. Areas addressed include standard of measure used, inconsistencies in expense allocations, and alternate methods of allocation of marketing expenses.

Description: This 1978 session discussed ADJUSTABLE LIFE PRODUCTS including: 1. Problems encountered in the planning, development, implementation and maintenance stages. 2. Product-design features. 3. Strengths and limitations. 4. Administrative systems and procedures. 5. Pricing. 6. Nonforfeiture values and reserves. 7. Marketing. 8. Sales results.