Description: From the Record 1977 Vol. 3, No. 3, this presentation is from a concurrent session at the Society of Actuaries 1977 Regional Meeting, held in St. Louis June 16-17. In this presentation the panelists address life insurance company expenses. Analysis of expenses, including standards against which they are measured, and expense allocation are discussed. Inconsistencies in allocations for different purposes, e.g. statutory vs. GAAP, and pricing vs. financial reporting, as well as allocation of marketing expenses, are also discussed.

Description: This is a discussion about life insurance expenses. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This discussion examines the recent expense rate experience of smaller companies. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This is a discussion on expenses and how expense analysis affects dividends and premiums. What is the effect of electronic data processing on expenses. From Transactions of Society of Actuaries 1960, Vol. 12, No. 33.

Description: Summary report of the 2005 Individual Life and Annuity Expense Study. Document contains a description of data used in the study, description of unit cost formulas, list of companies contributing to the study, tables and graphs, etc.

Description: This article provides encourages participation in and provides instructions for participation in the 2010 CLICE study. The objective of the 2010 study is to provide useful unit expense benchmark information to actuaries and their managements from which to assess their own unit expense performance, while expanding the level of contributions. In addition, CLICE expects the results to be useful in enhancing the generation of the Generally Recognized Expense Table GRET in the U.S. used by some companies to demonstrate compliance with the NAIC model sales illustration regulation.

Description: A review of the development of the 2005 Version of the Generally Recognized Expense Table GRET, to be used to show compliance with the NAIC Life Insurance Illustration Model Regulation and the associated Actuarial Standard of Practice

Description: This discussion presents the following questions: Have any simplified approaches in measuring and controlling expenses of life insurance companies proved practical? What are the current trends in expense rates? From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: 2023 Generally Recognized Expense Table (GRET) recommendations.

Description: This article is a discussion of a measure of life insurance policy cost which the author refers to as “aggregate administrative cost ratio,” based on figures from the life insurance companies’ annual statements filed with state insurance commissioners. The article provides the formulas for calculation and demonstrates how the cost ratios can be a useful tool for an individual considering the purchase of life insurance.