Description: In this note, we rearrange the statement and the proof of a theorem in Greville. The presentation appears to be more compact the materials, however, are not new.].

Description: The paper gives two criteria for fit and uses two different criteria to transform an initial graduation into one with better fit. It is shown that the two sets of criteria give the same transformation. The mathematical relationships between the two sets of criteria are then derived. It is clear from those relationships that when one set of criteria is small, the other set is small [but reasonably the same]. Some general comments on various measures of fit are made.

Description: This paper is based on work the authors did for the Committee on Retirement Systems Research of the Society of Actuaries. The authors' task was to perform data analysis for that Committee in support of a study of the effects of the Safest Annuity Rule. The Committee's conclusions will be released in a separate report. This paper describes their overall study only to put the authors' own work in context. The real purpose of this paper is to discuss the data analysis skills and principles which were applied in this project, and to argue that these same skills and principles should be part of an actuarial student's education. From Actuarial Research Clearing House 1998 Vol. 1.

Description: This is the programme of the 24th Actuarial Research Conference. From the Actuarial Research Clearing House 1990 Vol. 1.

Description: This 1997 presentation from the 32nd Actuarial Research Conference provides background on the work of the Society of Actuaries' Research Effectiveness Task Force [RETF] and presents the current status of that work in order to set the stage for breakout sessions during which Conference attendees have an opportunity to provide input to the SOA research effectiveness review.

Description: Continuing change pervades the actuarial world. Actuarial tools and techniques are constantly evolving, new financial products and services appear regularly, legislation and regulation rarely remain unchanged for long, consumers are becoming better informed and more sophisticated, the financial environment is becoming increasingly global, distinctions between types of financial institution are becoming more blurred, and the areas in which actuaries find applications for their skills become more varied. In this context, the most important attribute for actuaries is the capacity to adapt. This paper considers some implications for university actuarial programs of the need to develop adaptive actuaries. It discusses the results of a survey of the preferred learning styles of Macquarie University actuarial students, examines the newly introduced Australian actuarial subject called 'The Actuarial Control Cycle,' and looks at the use of portfolios of student work. It concludes that in order to develop adaptive actuaries for the 21st century, actuarial programs must broaden the range and type of teaching/learning activities and assessment methods provided for students.

Description: This is the speech given by Kenneth W. Stewart, FSA, FCIA, MAAA, to the 25th Annual Actuarial Research Conference. The speech focuses on the following global trends: 1. Population aging, 2. The spread of affluence, 3. The rise of technology, 4. Global competition, and, 5. The fungibility factor, e.g., in our brave new future world, a Scottish customer will go to his local bank branch to buy life insurance from his German insurer. From Actuarial Research Clearing House 1991, Vol. 1.

Description: This note is labeled actuarial because it deals extensively with the force of interest, a concept which is characteristically of concern to the actuarial community. The authors’ personal point of view is that we should modify the basic definition of the compound interest.

Description: The Actuarial Education and Research Fund AERF is a not for profit corporation organized under the applicable law of the State of Illinois in 1976. This paper focuses on the maturing of AERF as well as its creation and implementation by the Society of Actuaries Committee on Professional Development.

Description: This paper attempts to broaden awareness of the Actuarial Faculty Forum AFF within the academic actuarial community and to stimulate some conversation about the future role of this organization.