Description: Discusses making changes to non-guaranteed elements in interest-sensitive business, participating business, and indeterminate-premium business. Considers equity between newer and older blocks of business. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: This is a short response to the paper, 'Group Conversion Charges - Accounting for Annual Statement' by Dickinson C. Duffield, which discusses an alternative way to account for group conversion charges.

Description: This section presents and summarizes major life insurance-related legal cases from 1956, including claims issues, contract interpretation and misrepresentation by applicants.

Description: Presented at May 2002 Spring Meeting. Credit insurance, long the mainstay in this venue, is being supplanted by a vast array of products designed to meet the particular needs of borrowers without the encumbrance of regulation. This session discusses the activity in this segment of the insurance industry as well as concepts that might transfer to other related instruments.

Description: Discusses cost-benefit decision-making for acquiring electronic data-processing equipment and installation issues, ability of small companies to compete in pension trust arena, effectiveness of various agency compensation programs in stimulating sales and improving persistency, success of sales to substandard risks and rating methods, and pricing, reinsurance and experience with individual hospital and medical policies.

Description: This is a discussion about new product developments, supplementary benefits - Accidental Death, Guaranteed Insurability and automatic inclusion of supplementary benefits rather than optional, product expense trends, considerations in setting commissions for policies with different characteristics, and analyzing and entering new markets.

Description: Discusses new-product displacement of in-force policies, critical-resource management, agency considerations, and monitoring experience. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: Evan Borisenko looks at previous challenging environments for the life insurance industry, such as the a period of severe stagnation in the 1930s, the increased inflation in the 1980s and a catastrophe like the Spanish influenza after the World War I. Evan explains that "while each event described above challenged the life insurance industry in a unique way, each event stimulated an equally unique solution." The article concludes that we "fight to repeat history" in a way that we as actuaries should be able to propose unique solutions with when faced with crisis in the future.

Description: Compilation of articles that appeared in the December 1988 edition of the Product Development Section Newsletter.