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  • Theory of Surplus in a Mutual Insurance Organization
    IS THE PURPOSE OF SURPLUS~ There is a clear primary reason why mutual companies, almost with- out ... cent of "earnings" out as "divi- dends." In its primary role surplus is a reserve against the several con- ...

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    • Authors: Charles L. Trowbridge
    • Date: Oct 1967
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments
  • Insurance Company Growth
    great as possible. That is, if surplus is the primary constraint on service capacity, then growth in ... in future service capacity. If surplus is the primary constraint on an insurance company's growth in ...

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    • Authors: Dale Hagstrom
    • Date: Jan 1981
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Economics; Finance & Investments
  • Dynamic Solvency Testing: Boundaries of Risk Definition Phase
    as necessary. This will most likely become a primary source of information for those actuaries conducting ... articles on assets. Many of the articles would be of direct interest to those performing dynamic fi- nancial ...

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    • Authors: Donna Claire
    • Date: Jan 1995
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments; Financial Reporting & Accounting
  • Some Reflections on Fund Accounts
    ledger accounts of most companies provide for the direct allocation of many in- come and disbursement items ... cases the normal policy change routine will take care of the transfer of any liabilities, but the accumulation ...

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    • Authors: Leonard H McVity
    • Date: Nov 1949
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments
  • Interest Rate Futures: An Alternative to Traditional Immunization in the Financial Management of Guaranteed Investment Contracts
    traced and accumulated over the GIC term with direct futures-related ex- penses deducted along the ... date is converted into a net effective yield, the direct hedging costs can be quantified by comparing the ...

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    • Authors: Allan M Fen
    • Date: Oct 1985
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments
  • Measuring the Interest Rate Risk
    are sensitive to the inflation index for health care costs. Let 5(t;/) denote the continuously compounded ... equally well consist of an oil price index, a health care costs index, etc., and such indexes may well be ...

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    • Authors: Paul Milgrom
    • Date: Oct 1985
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments
  • Options on Bonds and Applications to Product Pricing
    Options on Bonds and Applications to Product Pricing This paper presents a theoretical approach ... probability I - q. Suppose we choose N so that we do not care whether yields go to i+ or i - , i.e, P(t+ e ...

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    • Authors: Robert P Clancy
    • Date: Oct 1985
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Finance & Investments