Description: This paper demonstrates the calculation of the moments of the distribution of aggregate life insurance claims from seriatim inforce data, assuming that each record represents an independent Bernoulli trial with its own known probability of a claim, q. Continuous distributions matching the first three or four moments are identified.

Description: Discusses changes that the Experience Committees of the Society are making to their processes to improve timeliness and quality of data.

Description: Using the Cox proportional Hazards Model to improve underwriting debits and credits.

Description: New for 2017, we are introducing a series of articles by experienced industry professionals who are relatively new to long-term care (LTC).

Description: This paper presents the modeling of mortality risk from exposure to a potential future extreme event such as a natural disaster and a terrorist attack, and its impact on life insurance. With this new model, quantities associated with the total force of mortality such as survival function are derived and the impact of mortality risk on life insurance is examined.

Description: An update to the 1975-79 report, this time including experience by amounts as well as by lives.

Description: This study was undertaken to review pooled companies’ mortality experience on cases reported to the MIB with findings suggesting an increased probability of ethanol-related complications or hepatic dysfunction.

Description: In this paper, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., the author documents the determination of elementary functions and monetary values of the 1941 CSO Mortality Table on an age last birthday basis, noting that until this time the tables had been published only on the basis of age nearest birthday. The impetus of this change was the author’s company, Metropolitan Life, having recently started issuing ordinary life policies on an age last birthday basis, the rational being the use of age nearest birthday had led to policyholder confusion and misunderstanding. Includes discussion. From the 1960 Transactions Vol. 12, No. 33.

Description: This study used the Impairment Study Capture System (ISCS) to examine mortality results of policies, beginning in 1989, on insured lives with elevated blood pressure.

Description: Discussion of the separate and joint effects of obesity and diabetes on disability and mortality, and ways these effects can be used to improved insurance pricing and reserving, reverse the increasing rates of obesity and diabetes, and improve current projections of disability and mortality risks.