Description: The purpose of this paper is to illustrate the use of a new approximation to determine contingency reserves against adverse mortality experience for a portfolio of life annuity contracts.

Description: This is a discussion of the paper, Frequency Distribution of Mortality Costs by John M. Boermeester, which used a series of random numbers to estimate variables under study.

Description: The purpose of this paper is to introduce a practical method for interpolation and smoothing and give a number of numerical examples using the method. The method is a variation of the Whittaker-Henderson method. Discussions of this paper are included.

Description: This paper presents a few formulaic examples displaying the advantages of geometric methods over arithmetic methods and provides some theorems proving the increased accuracy geometric methods can provide for interpolation or extrapolation

Description: This research was funded by the Natural Sciences and Engineering Research Council of Canada [NSERC] Discovery Grant 36860–06. Loss reserving is one of the most challenging tasks facing actuaries. Numerous approaches have been developed to give reasonable estimates. Generalized linear models [GLMs] are becoming quickly popular statistical analysis methods to estimate loss reserves. However, most of these models are aggregate reserving methods based on loss development triangles, without using information with regard to the actual claims processes. This paper establishes a more sophisticated structural reserving method incorporating more detailed information, such as the premium exposure emergence pattern, the loss emergence pattern and the loss development pattern, within the framework of GLMs.

Description: Recognizing an opportunity to help serve its members in this age of increased financial oversight, the Health Section of the Society of Actuaries commissioned a series of guides on the use of statistical techniques specifically geared for the work of health actuaries. In this first guide in the series, the topic is an estimate well-known to health actuaries- the calculation of incurred but not reported [IBNR] health claims reserves. In particular, this guide focuses on the development of confidence intervals around IBNR estimates.

Description: This paper by John Mereu describes a method for mathematically computing the expected loss under a group life contract in excess of a stated limit. The paper also shows how to compute the variance and standard deviation of the stop-loss claim and suggests how the method can be extended to group insurance benefits where the claim amount per certificate is not fixed. Paper is followed by discussions from several people

Description: Presents a theoretical basis for a computerized methodology for estimating biological age - a measure of time to death.

Description: This paper will investigate the problem in estimating mortality rates using data obtained from insurance company records.

Description: This note describes a mortality investigation procedure in which the expected mortality applicable to each new policy for a period of about three years after issue is estimated by use of persistency factors. Discussions of this paper are included.