Description: Record of the Society of Actuaries: 1981 Vol.7 No. 1 This is a panel discussion session examining life insurance company organization and the emerging managerial environment, strategies and organization.

Description: The author describes why expense management is critical in the insurance industry, especially with a superabundance of inflation driven forces threatening the life insurance industry.Expenses need current and constant attention because a if ignored, a small expense problem will almost inevitably rise to major significance, and b expense control is a measure of the effectiveness of management in difficult times.