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  • The Development of Mean Natural Reserve Factors and Methods of Amortizing Acquisition Expenses in Adjusting Life Insurance Company Earnings
    i) -- 1,000(1 + i)'/'2dt_, = ( lt_ l - d,_~) , V s . (4) This is a far from startling result unless ... withdrawing at the end of policy year t = I,_1(1 ,,~a) ~(u,) ( l t - i ('~)" - - = - - d t - l )q t -1 , ...

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    • Authors: Robert L Collett, Robert H Dreyer, A Henry Kunkemueller, Paul Milgrom, Claude Y Paquin, Anthony C Sharp, Steven Sommer, Leonard H McVity
    • Date: Oct 1973
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Transactions of the SOA
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Modeling & Statistical Methods>Forecasting
  • On Understanding the Effects of GAAP Reserve Assumptions
    authors, the notation adopted here (detailed in Table 1) follows closely that used by Richard G. Horn ... DB t.] G[.] P[,] nV[:,] b TABLE 1 Meaning Rate of mortality for policy year n, issue age [x] ...

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    • Authors: Gottfried O Berger, Paul Milgrom
    • Date: Oct 1975
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Transactions of the SOA
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]