Description: This paper identifies several implicit assumptions underlying the use of the lognormal distribution for modeling the periodic change in the interest rate of a given maturity, tests those assumptions against historical interest rates, and presents additional information from those tests. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: The objective of this paper from the Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 44 AB, is to illustrate some of the alternative approaches to making approximate probability statements about the present value of life annuities assuming a specified distribution of the random variable, time until death, and a fixed interest rate.

Description: This paper presents a model of the progression of the Acquired Immunodeficiency Syndrome [AIDS] epidemic in the United States. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: This paper presents a statistical and mathematical method to calculate Stop-Loss Premiums. It also includes a discussion of the paper. From Transactions of Society of Actuaries 1976, Vol. 28.

Description: The implementation of credibility theories is often hampered by the computational difficulties of evaluating integrals such as in Bayes' theorem. This paper presents a sampling-resampling technique which allows the assessment of the posterior distribution for arbitrary likelihood function and prior distribution. Actuarial Research Clearing House 1992, VOL. 1.

Description: This paper explains a method of computation for the probability of survival which may often be more expeditious than the methods in common use, particularly when the number of lives is large. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: The goal of this paper was to establish the main results of assigning internal rates of retum to arbitrary financial projects in a more general setting than that found in the theory of Teichrow, Robichek, and Montalbano. From Actuarial Research Clearing House 1993, VOL. 1

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: This paper studies the statistical theory underlying minimum surplus required to protect a group insurer from the insurance, or C2, risk. Followed by 2 submitted discussion papers

Description: This paper develops a theory for the valuation of some kinds of interest sensitive cash flows. A process is derived which takes as input, assumptions about the capital markets and policy holder behaviour, and produces as output interest and decrement assumptions which can be used for conventional actuarial discounting. The methodology is illustrated using some idealized, but tractable, models of conventional non-par whole life insurance. The method is also applied to a simple Universal Life plan. The paper concludes by considering some of the problems encountered when applying the ideas to more practical problems.