Description: Session focuses on how agency performance is measured in different types of agency organizations, concentrating on many listed issues.

Description: This paper estimates the acquisition and maintenance costs associated with life policies as a function of the amount of insurance and number of policies of an insurer by estimating a cost function for our sample of insurers.

Description: This presentation is a panel discussion from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The panelists discuss strategies employed in Canada and the United States to restructure life insurance costs. They discuss levelized commissions and commission financing, joint ventures and reinsurance, ‘sale’ of strain and loads, statutory liability review, and the effect of tax law changes, including the ‘DAC tax.’ Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4B.

Description: The purpose of this paper is to trace the change in Canadian company expenses, comparing the six postwar years 1946 to 1951 with the prewar year 1939. Includes costs per policy and as percentage of premium, and also compares to expected costs. Expenses by company size are also shown.

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: The purpose of this paper was to examine the job and compensation of the ordinary life insurance agent in relation to commissions and expense regulation and to examine how well the industry responds to customer needs, and consider how the system might be changed. The paper establishes some criteria for evaluating appropriateness of systems of both agent compensation and expense regulation. The paper is followed by submitted discussion papers

Description: This article provides a description of the development process for the 2003 GRET factors. The results were also presented and discussed.

Description: This session from the 2003 SOA Orlando Meeting looks at the behind-the-scenes costs that are often missed when designing newer, more complex products. From The Society of Actuaries Record, Volume 29, No. 3.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation discusses changes in office methods made or contemplated by smaller insurance companies to control costs, including use of electronic machinery, simplification of policies and policy issue, and changes in underwriting rules, e.g. nonmedical.

Description: Several of the insurance problems discussed are far short of a final definitive solution - the objective is rather to suggest some coherent patterns for developing effective practical methods of cost analysis. Problems are considered in the areas of company policy and practices, operational cost control, and premium and dividend calculations.