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Claim Reserves
incurred but not reported 0BNR) reserves. The primary reasons are low claim frequency, high variability ... be spending a great amount of time on long-term care claim reserving, but I'U try to make specific ...- Authors: Stephen Maher, Stephen P Melek, Stephen Rulis
- Date: Jan 1992
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Topics: Actuarial Profession>Standards of practice; Health & Disability>Disability insurance; Health & Disability>Health insurance; Life Insurance>Claims - Life Insurance
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Gearing Up to be Appointed Actuaries
fraud. Second, the appointed actuary owes a duty of care not only to the principal (an employer or client) ... including simply the appointed actuary with some direct reporting line to the chief executive. Fundamental ...- Authors: Robert H Dreyer, Frank S Irish, W Paul McCrossan, Walter Rugland, Christopher David Daykin
- Date: Oct 1991
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values>Public interest representation
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Finance & Investments>Asset liability management; Global Perspectives; Public Policy
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NAIC Valuation of Life Insurance Policies Model Regulation - XXX
Lincoln quote along the way. I’ll be covering three primary areas of interest related to the valuation actuary ... been in the market for many years, and it was the primary focus of XXX in its two incarnations. Segmented ...- Authors: William C Koenig, Timothy Pfeifer, Wayne Stuenkel, Lloyd Spencer, Mary J Bahna-Nolan
- Date: Sep 2000
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Public Policy
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Statutory Valuation of Life Insurance Policies
development actuary to set.” I can think of several primary reasons why we’re all concerned about the mortality ... disconnect in the mortality assumptions between the direct market and the reinsurance market, who’s right ...- Authors: Christine E Dugan, Lloyd Spencer, Stacy L LaiFook
- Date: Sep 2002
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Statutory accounting; Public Policy
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Last Link in Product Development-State Form Filing
up and try and fix the problem if we don't take care of ourselves. If the state regulators on a file-and-use ... you only have one customer (and you may have a primary customer), you cannot ignore the policyholders ...- Authors: John A Hartnedy, David Hippen, Sandra K Meltzer, Ejaz Haroon, Karen J Allen, Application Administrator
- Date: Jun 2000
- Competency: Communication>Written communication; External Forces & Industry Knowledge>Actuarial methods in business operations; Relationship Management>Relationships and trust
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Qualifications; Actuarial Profession>Standards of practice; Enterprise Risk Management>Compliance; Life Insurance; Public Policy
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Ask The Experts
credits, which are greater than the respective direct reserve, be handled? Should they simply be calculated ... calculated and posted? Should they be capped at the direct reserve? If they’re capped, should it be in the ...- Authors: Frank M Amrine, Andrew Bodine, Armand de Palo, Mark Freedman, Charles D Friedstat, James P Greaton, Meredith Ratajczak, William J Schreiner, Stephen N Steinig
- Date: Nov 2001
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Problem analysis and definition; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Financial Reporting & Accounting>Tax accounting; Public Policy
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Purchase GAAP
board. They have experience in many deals and direct contact with the target's investment banker. They've ... consistent with the way you view operating expenses and direct cost for maintenance. Those expense rates that ...- Authors: Michael Eckman, Daniel J Kunesh, James Milholland
- Date: Oct 2000
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Update on Life Insurance Illustrations
assumptions that are covered are the definition of direct and indirect expenses, allocating overhead, inflation ... interest in living benefit riders, i.e., long-term-care riders, critical illness riders and the kinds of ...- Authors: Abraham Gootzeit, William C Koenig, Esther H Milnes, Edward Silins
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Life Insurance>Marketing and distribution - Life Insurance; Public Policy
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Practical Considerations of Actuarial Opinions and Memorandums
reserves. If you do this, you should take some care in selecting your "peers." Those who haven't personally ... conclusions (your opinion) are given in Section V. Great care should be taken in these sections of the memo to ...- Authors: Jacqueline M Keating, Mark Davis, Maria Thomson
- Date: Jan 1992
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Topics: Actuarial Profession>Qualifications; Actuarial Profession>Standards of practice; Financial Reporting & Accounting; Public Policy
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Revisiting the Pricing of Your In-Force
thing that we do when we get informa- tion from a direct company is look at credibility. There are many ... underwriting requirements versus the study. Typically direct company underwriting standards will get tougher ...- Authors: Ronald Klein, Martin Snow, Rachel M Hancock
- Date: May 1995
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>General business skills
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Life Insurance>Pricing - Life Insurance