Description: This paper presents a model is which can be used for certain annuities when interest rates and future lifetimes are random. These can be used in determining contingency reserves for possible adverse interest and mortality experience for collections of life annuity contracts. Certain boundary crossing probabilities for the stochastic process component of the model are obtained. From Actuarial Research Clearing House 1991, VOL. 1.

Description: This paper addresses controversies related to Zillmer Reserves first proposed in the 1860's and discusses how actuaries can learn form these dilemmas and find a review of the controversy useful in more current practice. The paper was presented at the 25th Actuarial Research Conference held at the University of Western Ontario in 1990. From Actuarial Research Clearing House 1991, VOL. 1.

Description: In this paper, we propose measures of the risk that the value of the liabilities becomes larger than the value of the assets, and this especially for insurance companies. We study probabilities of mismatching and a degree of mismatching in unsegmented and multidimensional models of the balance, in which we stress the influence of interest rates on the active and passive side of the balance.

Description: This paper presents multiple book reviews: Reports from Staff of U.S. House of Representatives Committee on Ways and Means and U.S. Senate Committee on Finance, Reports in Connection with Social Security Legislation 1975-77, 'Statement on Cost Comparisons of Individual Life Insurance Policies', by Canadian Institute of Actuaries, 'Investment Activities of Life Insurance Companies' from Huebner Foundation Lectures, 'The Life Insurance Industry's Marketing Dilemma' by Johns, 'The Future of Social Security' by Munnell, 'Social Security - Today and Tomorrow' by Ball, 'Mortality Table Construction' by Batten, 'Mortality Table Construction' by Batten, 'The Crisis in Social Security - Problems and Prospects' by Boskin, 'A History of Interest Rates' by Homer, 'Indexation of Pensions and Other Benefits' by Robert Myers, 'Life Insurance Accounting' by Strain, '1978 Annual Report of the Board of Trustees of the Federal Hospital Insurance Trust Fund...' by US Congress. Brief summaries of additional readings are also included.

Description: This report presents multiple book reviews with chapter by chapter detail: 'Our Yesterdays: the History of the Actuarial Profession in North America, 1809-1979' by E. J. Moorhead, 'Actuarial Mathematics' by Bowers, Gerber, Hickman, Jones and Nesbitt, 'Actuarial Projections for the Old-Age, Survivors, and Disability Insurance Program in the United States of America' by Andrews and Beekman, 'An Introduction to the Mathematics of Finance' by McCutcheon and Scott, 'On the Trail of Actuaries in Texas, 1844-1964' by Friedman and Friedman. 'From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 2.

Description: This paper reviews the current state of the AIDS epidemic and the impact on non-drug-using heterosexuals. This paper shows that for most heterosexuals, the risk of becoming infected with the AIDS virus by sexual contact is insignificant compared with many other risks of life. The paper presents some recommendations for AIDS education and other perspectives. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This paper presents a method involving re-sampling 'with replacement but without random numbers', numerical convolutions for sums and quotients, and estimation of confidence intervals for trend in average size claim. In this paper, this method is applied to major medical claims.

Description: This final report is a SOA Task Force response to a NAIC request to develop valuation recommendations for long-term care insurance. Two basic sets of tables are provided: one for institutional benefits [nursing home] and one for noninstitutional benefits [home health care]. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This article describes the development of the uninsured pensioner, UP-94 Mortality Table, including a comparison with other tables and description of projection methodologies using Projection Scale AA.

Description: This paper addresses some pervasive problems in using secondary data in actuarial research. An approach to solving these problems is based on information theory. From Transactions of Society of Actuaries 1995, Vol. 47.