Description: This paper addresses some pervasive problems in using secondary data in actuarial research. An approach to solving these problems is based on information theory. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: The net premium for insurance for expected loss in excess of a retention limit may be small, but the resulting variance of excess losses produces a standard deviation several times that of the premium. The purpose of this paper is to give a derivation and evaluation of the standard deviation of the excess losses.

Description: This paper is an attempt to examine transmission and incubation period models. Results are used to estimate the risk of HIV+ exposure of an individual company and the resulting reserve needs. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: This paper presents a model of the progression of the Acquired Immunodeficiency Syndrome [AIDS] epidemic in the United States. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: The objectives of this paper are: 1. To show why scientific laws of mortality are preferable to the continued use of graduation techniques on mortality tables. 2. To develop a new theory leading to a new mathematical law of mortality that reduces to Gompertz's law as a first approximation. 3. To demonstrate an understanding of select mortality and produce a simple formula that is reasonably consistent with it. 4. To develop methods to test this and other similar formulas on various bodies of data to establish their validity and usefulness. 5. To discuss the meaning of the results and provide some examples of the use of the formula for purposes other than graduation. 6. To discuss extensions of the models. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: In this paper two theorems concerning the optimality of the perfect-fit and perfect-smoothness graduations are proved. Two examples are presented and some difficulties with regard to computational feasibility are reviewed. A discussion of the paper follows. From Transactions of Society of Actuaries 1978, Vol. 30.

Description: This is a discussion about computer models and simulation tools for life insurance companies. From Transactions of Society of Actuaries 1969, Vol. 21, No. 59AB

Description: This paper is concerned with the determination of credibility factors applicable to the estimation of the true claim level of a particular risk, based on both the actual observed claim experience of that risk and the expected claim level that would be predicted for the risk according to its exposure characteristics. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 59 AB.

Description: The goal of this paper is to develop best possible estimates for the higher moments of a distribution of a positive bounded random variable, such as claim amounts, where these estimates are given in terms of the mean.

Description: This paper defines a general model for arbitrary units and gives formulas for computing the variance and mean squared error of decrement estimators. It is observed that, in small studies, the mean squared error is reduced by counting lives, even if the probability of death depends somewhat on the amount of insurance. From Transactions of Society of Actuaries 1981, Vol. 33.