Description: Response to Life Insurance 2020 Foresight – A Call for Essays. An essay stating the author’s vision for the future of the life insurance sector with emphasis on a change to life insurance pricing using biological age rather than actual age.

Description: Sam Gutterman presents his paper, 'Expenses and Pricing', at this session at the SOA 1998 Maui I Spring Meeting. He discusses the need to control expenses and reflect them appropriately in pricing as vital to an insurance company' s short-term and long-term success.

Description: Discusses the results of an inter-company study of the effect of cigarette smoking on Ordinary Insurance mortality. The study also includes an underwriting guide.

Description: This paper discusses the special considerations involved in pricing a select and ultimate annual renewable term product. It covers such areas as expenses, conversion costs, and profit calculation, and devotes particular attention to the relationship between mortality and withdrawals on this type of product. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Article on mortality anti-selection - different versions of the Dukes/MacDonald approach to measuring mortality anti-selection resulting from high lapse rates and/or term products with explicit re-entry provisions.

Description: Presented at April 1985 Spring Meeting. Discusses new business developments which have led to a resurgence in term life sales and profitability.

Description: 1994 SOA Spring Meeting, San Francisco. This session was about issues relating to term insurance including product design, pricing, compensation, and reserving issues.

Description: The management of the investments of an insurance enterprise has undergone a considerable evolution since the pioneering work of Redington in the mid 20th century. Best practices have evolved to incorporate ever more complex insurance liabilities, expanding investment asset classes and global market opportunities. Strategic asset allocation (SAA), liability driven investing, and other robust optimization approaches form the core of the professional management of insurance company investments.

Description: This article is part of the Digest of Informal Discussion, which took place at the 1957 Society of Actuaries Eastern Spring Meeting, held March 21-22 in New York City. The article identifies the participants and summarizes each person’s comments. The participants discuss varying premium rates by policy size and sex, including regulatory requirements and practical issues. Expense trends are also discussed, and their relationship to average policy size and premium structure graded by policy amount. From Transactions of Society of Actuaries 1957 Volume 9, Number 24.

Description: This article addresses the expected impact that the 2001 CSO table will have on pricing and product structure for UL plans.