Description: Claims are insurers deepest and richest transactional data – yet we rarely unleash the full potential of this data. In this session, we will discuss potential sources and attributes of claims data, traditional approaches alongside new analytic techniques and how to integrate models into existing claims management processes. During this session, the presenters will discuss different areas of how machine learning can drive significant value unleashing the potential in claims data, these include data capture, claims management and workflow design as well as behaviour prediction. In addition, the audiences will also have opportunity to learn different use cases of how claims models taking advantage of machine learning, such as foreign death fraud detection and critical illness triage.

Description: This discussion at the SOA 1968 Philadelphia and Los Angeles Regional Meetings focuses on federal income tax questions including recent rulings, company organization around tax work, the role of actuaries, and Canadian developments.

Description: This is a discussion of the paper, 'The Effect of Varying Interest Rates' by Charles H. Connelly, involving the use of two interest rates, varying by duration, for valuation.

Description: This 1978 session focused on Group Life Insurance. Questions discussed included: 1. How does current group mortality compare with the 1960 Basic Group Mortality Table? 2. What is the relationship of female to male mortality rates? 3. How do the premium rates of insurance companies compare with the 1960 Basic Group Mortality Table? 4. What group and industry experience indicate the appropriateness of premium discounts and loadings? 5. To what degree are alternative funding approaches utilized for group life insurance? 6. How many life years of exposure are necessary for credibility to be given to the experience of a group? 7. What measures are utilized to hold experience fund deficits to a manageable level for group life? 8. What is the proper reserve for pending or unknown death claims? 9. What is the proper reserve for pending or unknown disability waiver of premium claims? 10. What is the proper reserve for approved waiver of premium claims?

Description: This report examines the use of a copula approach to build a predictive model to estimate the amount of economic capital a life insurance company needs to protect itself against an adverse movement in interest rates, mortality, and other risk drivers.

Description: This paper discusses adjustable life insurance and certain theoretical problems of these policies. It also covers how the Commissioners Reserve Valuation Method, CRVM, may be extended to cover adjustable life policies and defines formulas for the additional expense allowance at the time of change. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: 2021 Generally Recognized Expense Table (GRET) recommendations.

Description: This discussion is about the increasing unit expense rates even in light of increases in insurance amount, simplified procedures and greater mechanization, methods to allocate agency expenses in to the premium structure and the importance considerations in determining the level of gross premiums. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2

Description: The effect on level premium reserves of a change in the interest or mortality basis can often be predicted by the results obtained in Spurgeon's Life Contingencies, Chap. X, pp. 185-190. This note offers formulas to demonstrate the effect of such changes.

Description: This paper will not attempt to cover the details of every possible approximate method, but will endeavor to illustrate the use of principles andgeneral methods. It is hoped that the application of these principles and methods will help develop particular solutions to many of the varied valuation problems of today. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.