Description: This is a letter from Jan M. Hoem to Arnold F. Shapiro about Exposed-to-risk considerations based on the Balducci assumption and other assumptions in the analysis of mortality.

Description: Generally accepted accounting principles 'GAAP' are those that apply to external financial reporting of publicly owned business enterprises. The principles that constitute GAAP vary between stock and mutual insurers, from product class to product class, and according to the purchase status of the business. This paper highlights additional reading materials that provide concise information regarding GAAP principals.

Description: Over the last 15-20 years the job of the valuation actuary has become increasingly demanding. This guide lists literature that only addresses requirements and practices for federally licensed Canadian companies.

Description: A company considering the acquisition of, or merger with, another company or the divestiture of an operation may find that issues related to employee benefit programs have a profound effect on the viability ofthe transaction. This paper lists literature for the actuary to broaden his/her knowledge on the subject: both on mergers and acquisitions and on handling of employee benefits.

Description: This study note was written to supplement the “Credibility” chapter of Foundations of Casualty Actuarial Science as a reading for the fourth CAS/SOA examination. It presents important topics not covered in the Foundations chapter including the Bühlmann-Straub Model and nonparametric and semiparametric estimation of credibility formula parameters.