Description: Review of six opinions requried in The Statement of Actuarial Opinion for the Health Annual Statement. Issue No. 48

Description: Editor of the newsletter addresses the readership and talks about the U.S. health care policy and the interactive software tool CHAT, a different approach to benefit design involving trade-offs. Issue No 59

Description: Profile of an actuary in a non-traditional actuarial role: focusing on medical cost and analysis, both retrospective and prospective.

Description: 2011 SOA International Financial Reporting for Insurers Seminar, Hong Kong. This is a spreadsheet associated with Session 23 – Residual Margins Workshop held at the 2011 SOA International Financial Reporting for Insurers Seminar in Hong Kong.

Description: Authored by a MIB Solutions team of Tom Rhodes, Stuart Klugman, Marianne Purushotham and Stacy Gill, the report summarizes the results of a study on the application and adoption of credibility theory within the life insurance and annuity industry. In addition to the report, numerical examples related to the application of credibility to company mortality and lapse data are provided in the four Excel files. This excel spreadsheet is a numerical example relating to the application of Credibility for mortality - Limited Fluctuation Method. Please see the SOA website research section for the full report on Credibity Theory Practices.

Description: Predictive modeling has ranked highly in terms of technical skills desired by employers of actuaries. In recent surveys it has been identified as a key opportunity for actuarial professionals to add more value to their organizations. While there has been an increased focus on predictive modeling at industry conferences, the subject lends itself very well to a hands-on learning experience. That is one of the motivations behind organizing this boot camp.

Description: US GAAP for Life Insurers chapter 9 spreadsheets showing examples of payout annuities. Please see the book US GAAP for Life Insurers for more details on US GAAP accounting.

Description: US GAAP for Life Insurers chapter 5 spreadsheet. This spreadsheet shows various tables and figures illustrating the development of expected gross margins, dividends, and DAC amortization for a participating 10 year endowment policy. Please see the book US GAAP for Life Insurers for full details on US GAAP accounting.

Description: US GAAP for Life Insurers chapter 6 spreadsheets. Various spreadsheets illustrate a Universal Life product and the various accounting needs under SFAS97 including DAC and Unearned Revenue Reserve amortization and assumption unlocking. Please see the book US GAAP for Life Insurers for full details on US GAAP accounting.

Description: This paper is concerned with the fundamental nature of life insurance company earnings. The operation of the policy reserve system as the timing mechanism which determines the incidence of earnings is discussed, and the concept of release from risk is described. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.