Description: This paper presents a general law of mortality that is equal to a mixture of Gompertz, Weibull, Inverse-Gompertz, and Inverse-Weibull survival functions.

Description: The goal of this paper is to dispel the prevailing belief that American-style options cannot be valued efficiently in a simulation model by presenting a general algorithm for such valuation, and thus remove what has been considered a major impediment to the use of simulation models for valuing financial instruments. Discussions of this paper are included.

Description: The so-called pension max life insurance marketing concept is generating a great deal of excitement among life insurance marketers. It's also received some skeptical reviews in the popular news media, the most recent being a Newsweek article by Jane Bryant Quinn in the April 4, 1994 issue. The marketing concept calls for electing an unreduced pension, that is, maximizing the pension, in lieu of electing a reduced contingent annuity [CA] or joint and survivor [J&S] option. Further, the marketing concept calls for the purchase of life insurance on the employee to substitute for the economic exposure created by not electing the CA or J&S option. Although the marketing concept is clear and simple, its economics continue to generate a great deal of discussion. This paper attempts to add some clarity to this issue. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: Table of Contents.

Description: 1959 Report presenting the results of the Committee's studies of morbidity experience during the years 1955 to 1957, inclusive, under individual accident and sickness policies. From Transactions of Society of Actuaries 1959 Reports

Description: 12th Annual 1959 Report on the continuing study of the morbidity experience of Group Weekly Indemnity insurance and Group Employee and Dependent Hospital and Surgical Expense insurance. From Transactions of Society of Actuaries 1959 Reports

Description: This is a joint session with Casualty Actuarial Society about individual health insurance plans. Topics include reflecting increasing costs in premium renewals, coverage of mental illness, morbidity studies and agents' remuneration. From Transactions of Society of Actuaries 1963, Vol. 15 Pt. 2

Description: This discussion is about how are computers being used for Underwriting of individual policies mortality and morbidity studies, including the derivation of exposures, analysis of claims, etc. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: Discussion of the extent to which current SOA studies are useful and in what ways and their shortcomings.

Description: The net premium for insurance for expected loss in excess of a retention limit may be small, but the resulting variance of excess losses produces a standard deviation several times that of the premium. The purpose of this paper is to give a derivation and evaluation of the standard deviation of the excess losses.