Description: This paper presents a multi-state stochastic model for analyzing continuing care retirement community CCRC populations. The model considers CCRCs with a number of independent living units and a skilled nursing facility. Residents may transfer temporarily or permanently to this facility. It is assumed that units vacated by deaths, withdrawals or permanent transfers are immediately occupied by new residents. Transfers are modeled using a time-homogeneous Markov process. The paper provides some probabilistic results and some numerical results obtained using this model. Some important generalizations of the model are also briefly discussed.

Description: Discusses a method for division of workload in a consulting firm in a way which will minimize cost.

Description: The author delves into other important parts that should be in the scope of model validation besides the code.

Description: The main focus of this article revolves around pension plans and their funding levels.

Description: An economic analysis of bariatric surgery and health care costs supports the case for health plans to cover these procedures.

Description: Article 1979 Research Conference by Klugman in The Actuary, December 1979, Volume 13, Number 10

Description: Sooner or later a casualty actuary is confronted by the question, Given a history of paid loss amounts by calendar year, what should reserves be? Often, it is not possible to accurately gather and analyze additional data within the time constraints for the reserving decision. The algebraic reserving method presented in this paper offers one approach to rapidly addressing this problem.

Description: All claim reserve systems endeavor to derive estimates of the unpaid portion of claims which have been incurred over a given period of time, making use of information on numbers of claims and amounts paid on claims as of the valuation date. In this paper, a claim reserve system is described. While the system does produce the traditional type of single-point estimates of claim reserves, it also provides the user with frequency distributions of claim reserves

Description: The purpose of this note is to show how certain formulas of life contingencies can be derived almost painlessly under the uniform distribution of deaths assumption.

Description: Panelists discuss the process and challenges presented by mergers or acquisitions. From the Record of the Society of Actuaries, Vol. 24, No. 2.