Description: This presentation, session number 83CS at the 1999 Spring Meeting of the Society of Actuaries, held June 16-18 in Seattle, is a preview of an actual Course 7. The presenters, two experienced researchers, lead the discussion and a demonstration of a case study from the modeling Course 7. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Two breakout sessions were held. Their goal was to explore ways in which researchers and practitioners could be brought closer together. The following summaries were edited by Stuart Klugman from notes taken by the indicated participants: Session #1 - Bridging the gap with regard to modality and morbidity and Session #2 - Bridging the gap with regard to financial modeling.

Description: This article contains reviews of the following books published in 1987-1990: 1. 'Pension Age in a Changing Society' by Patrick Carroll, 2. 'Life Insurance Mathematics' by Hans U. Gerber, 3. 'A History of Probability and Statistics and Their Applications before 1750' by Anders Hald, 4. 'Medical Risks: Trends in Mortality by Age and Time Elapsed' by Edward A. Lew, 5. 'Canadian Handbook of Flexible Benefits' by Robert J. McKay, 6. 'Canadian Insurance Practices' by Franklin Reynolds, 7. 'On the Shoulders of Giants' edited by Lynn Arthur Steen, 8. 'The Value of Pensions in Divorce: What It Is and How to Use It' by Marvin Snyder, 9. 'Life Insurance Accounting' by Edward P. Brunner and Paul E. Heacock, 10. 'Duration Analysis: Managing Interest Rate Risk' by G.O. Bierwag, and 11. 'Actuarial Evidence: Valuing Past and Future Income' by Donald R. Anderson. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: Column highlighting education committee volunteers and the benefits of volunteering.

Description: This is a thank you note sent out by Sarah Christiansen of the Principal Financial Group and Stuart Klugman of Drake University for the opportunity of hosting the 34th Annual Actuarial Research Conference. The Conference was held Aug. 8-11, 1999, in Des Moines, Iowa. The theme of the conference, jointly sponsored by Drake University and The Principal Financial Group, was building bridges between theory and practice. From Actuarial Research Clearing House 2000, Vol. 1.

Description: Discusses author's to Malaysia where he gave a lecture at University Science Malaysia and spoke at a seminar on actuarial education. Most of the discussion focuses on the seminar.

Description: Stuart Klugman provides a preliminary education update as it pertains to Exams P/1, FM/2, and MLC.

Description: Over the years, much of the Society of Actuaries exam-related discussion has centered on structure, such as the number of tracks, many small exams versus a small number of large exams, ways to incorporate professionalism and nontechnical skills. Lost in those discussions is the process of continually improving the exams themselves. This article uses questions from old and new exams to show how the written-answer fellowship exams have changed to expect candidates to demonstrate higher level skills than in the past.

Description: While we agree with the conclusions expressed by Silver and Hedges The Classical Definition of Compound Interest is Adequate by Murray Silver and Bob Hedges, ARCH 1981.2, we do not believe the theorem follows from the stated Axiom. We present an alternative proof which uses only the accumulation function and not the force of interest.

Description: This article explores compound and simple interest and the accumulation function for the case when time t is a noninteger value.