Description: This paper discusses some powerful uses of recursive functions, including: 1. Universal life, both for the calculation of target premiums and reserves. 2. Paid-up Rider. Recursive functions can directly determine a premium that precisely matures the rider. 3. Traditional Whole Life. Reserves can be efficiently calculated when needed instead of referring to a table of stored factors. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This paper explores the considerations involved in the merger of mutual life insurance companies, with emphasis on the unique problems of maintenance of equity between the various policy owners affected. The paper written by Howard Kayton and Robert Tookey is followed by a discussion from several people

Description: This paper by John Mereu describes a method for mathematically computing the expected loss under a group life contract in excess of a stated limit. The paper also shows how to compute the variance and standard deviation of the stop-loss claim and suggests how the method can be extended to group insurance benefits where the claim amount per certificate is not fixed. Paper is followed by discussions from several people

Description: Full version of The Actuary Newsletter Volume 37, Number 8 - October 2003

Description: These are responses to Richard Ziock's work, Gross Premiums for Term Insurance with Varying Benefits and Premiums.

Description: 1994 SOA Meeting, San Antonio. This session explored the advantages and disadvantages of using several computer languages for actuarial work. In addition, the role of spreadsheets was discussed.

Description: At the Dec. 14 meeting of the Baltimore Actuaries Club, I reported on a seminar for actuaries held by IBM at Poughkeepsie, N. Y. on Nov. 13-15. Presentations were made by IBM personnel on storage devices, terminals, virtual storage, virtual memory, multiprogramming, new programming languages BASIC and APL, and the valuation modules ALIS and CFO II. Presentations were also made by actuaries on how they were using these new techniques: corporate modeling, pension proposals, pension valuations, and ratebook revisions.