Description: This discussion focuses on methods used for classifying and analyzing expenses, and explores new accounting and office procedures. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: This discussion on expenses, briefly looks at what the smaller company can do about increasing unit costs and in view of increased costs, what simplifications can be made in the routine of policy change procedures.

Description: This discussion reviews changes in practices and procedures which have been made with resulting reduction of expense in connection with the following: Administration and valuation of supplementary contracts, collection of monthly premiums, underwriting of new applicants, and preparation and printing of rare books and policies.

Description: Panel discussion of the following topics: A. Recent revisions been made in the mortality, interest, and expense assumptions upon which life insurance premium rates are based. B. Factors considered in recent revisions of premium rates for substandard risks. C. The extent to which deficiency reserves been required as a result of recent decreases in nonparticipating premium rates for life insurance D. Recent changes in disability premium rates for women.

Description: This discussion looks at expense rates, inflation, and its effect on premiums. Also discussed are the issues that insurance companies may face as a result of the threat of severe manpower shortages.

Description: This discussion looked at: A. Problems relating to agents' compensation and other expenses arising from the increased proportion of term insurance being currently issued and from the sale, at commission rates lower than those under the regular series, of special policies with a large minimum amount, and of smaller regular series policies. B. The advantages and disadvantages of freely making quotations for special plans not in the rate book.

Description: This article is from the Digest of Informal Discussion, Transactions of Society of Actuaries 1956 Volume 8, Number 20. The article identifies the participants and summarizes each person’s comments. The participants discuss a variety of topics, such as the use of sampling techniques and quality control in actuarial work, and administrative measures taken to reduce expenses on small Ordinary policies. The discussion also looked at what the Society of Actuaries and local actuarial clubs should do, at the secondary school or college level, to increase the number of college graduates entering the actuarial field.