Description: The study is based on a sample of actuarial reports attached to the form 550C3, Schedule B, which were sent to the Department of Labor during the period June 1976 to May 1977.

Description: This session discussion is about experience-rating and credibility in group health insurance. From Record of Society of Actuaries Vol. 18, No. 1B.

Description: The Lee and Carter LC method is getting widely adopted for long-run forecasts of age specific mortality rates. That popularity is first due to the model simplicity. Moreover, the LC model has given successful results for various countries e.g. U.S., Chile, G7 countries. However, some difficulties arose when using population data from certain countries such as UK and Australia. In the present paper, the LC model is applied to data from four Nordic countries: Denmark, Finland, Norway and Sweden. The Singular Value Decomposition SVD, the Weighted Least Square WLS and the Maximum Likelihood estimate MLE are used. These approaches give satisfactory results. The appropriate fitting period needs, however, to be well chosen. The properties of the model's parameters are studied using a bootstrap simulation.

Description: A key concept in post-retirement planning is the random variable future lifetime of a life aged x. While age is an important factor in the determination of this variable, there are other relevant factors, like the state of health and the character of a life aged x. The purpose of this article is to presents some preliminary observations regarding the conceptualization of future lifetime as a fuzzy random variable.

Description: It has been twenty years since DeWit 1982 first applied fuzzy logic FL to insurance. That article sought to quantify the fuzziness in underwriting. Since then, the universe of discourse has expanded considerably and now the FL methodologies include used fuzzy set theory, fuzzy numbers and fuzzy arithmetic, fuzzy inference systems, fuzzy clustering algorithms, fuzzy linear programming, fuzzy regression, and hybrids involving other soft computing technologies. This article presents an overview of these studies.

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: This research provides a literature review on the topic of post-retirement financial strategies from the perspective of an individual who is approaching retirement age. The body of knowledge surveyed is the post-retirement financial strategies literature that is related to the risks of longevity, inflation, and investment. The literature sources are both academic and practitioner-focused. The end product is a documentation of and commentary on the state-of-the-art in the post-retirement financial strategies area. The intended audience is retirement professionals, and others, who need to be well informed about the current state of post-retirement financial strategies, as reported in the literature.

Description: 1994 SOA Spring Meeting, Orlando. This session on credit risk presented a comparative survey of recent and ongoing research related to asset credit risk, and it provided analysis of SOA 1986-89 credit risk data.

Description: Presented at October 1985 Annual Meeting. This session focused on three projects funded by the Actuarial Education and Research Fund: risk models, operations research applications for actuaries and probability modeling of losses.

Description: Presented at October 1986 Annual Meeting. This session discussion is about the use of simulation, or Monte Carlo, techniques to analyze complex insurance models such as estimating reserves, solvency considerations, and estimation of mortality and distribution of aggregate losses with the aid of a computer program