Description: In physics and engineering education, Fermi problems require solutions based on good approximate calculations with little or no actual data, involving making justified guesses and deducing bounds without using sophisticated tools. The idea of Fermi problems are of particular relevance to today's actuaries, as pricing, reserving, and financial reporting involve more and more complex stochastic components. The paper discusses some approximate solutions developed in academia in the spirit of Fermi problems.

Description: Presented at May 1986 Spring Meeting. This session discussion is about a corporate environment with a stated return on equity objective: How does this objective interface with GAAP, statutory profit per unit issued, break-even year, premium or revenue growth, market share and cash flow.

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: This paper explores the principles upon which experience-rated group insurance currently is based and discusses the question of whether or not these principles are sound. Followed by discussion papers submitted by several authors

Description: It is worth the effort to obtain a pricing surface. It helps make an informed decision and facilitate the pricing conversation within and outside a company.