Description: Economics professor discusses the economics of fair and unfair discrimination in insurance. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: As stochastic modeling has evolved, it has divided down two paths—real-world and risk-neutral. This article discusses this division and shows how these paths may be re-united through the use of deflators.

Description: Article Nathaniel Ingersoll Bowditch by Bartlett in The Actuary, June 1979, Volume 13, Number 6

Description: This presentation was made at the SOA 1975 New York Spring Meeting. It discussed new individual product developments designed to meet the conditions in today's market. This would include underwriting, administrative, and technical problems on such new products as life cycle policies, low cost life, index-linked policies, or policies with special cash values 1975 Record, Vol.1, No.2

Description: Chairman’s column discussing 2012 accomplishments and 2013 and plans for the Financial Reporting section.

Description: This paper is from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. It was presented at the 1956 Spring Meetings of the Society of Actuaries for discussion. The authors present a method for calculating the level annual premium for a life insurance policy paying the face amount plus reserve at death. The authors’ purpose is to obtain a slightly more general result than previously published formulas, using a more direct route.

Description: This article discusses the development of Universal Life insurance in the U.S. from the British perspective. The author notes that despite the different regulatory and fiscal climates in the U.S. and U.K., the key elements of Universal Life design can be found in similar products in the U.K. known there as unit-linked products. The differences in design, in part the result of differing tax policies, are also discussed.

Description: Discusses the current controversy with the NAIC over Small Face Amount Policies, SFAPs.

Description: Part I of a four-part series on insurance product regulations around the world. Provides a good high-level summary of the regulations as of 2002.

Description: A discussion of the American Financial case in detail. Also includes background on what the statute requires and the Internal Revenue Service (IRS)’s ruling and litigating positions.