Description: These definitions go with the article "A Horse of a Different Color" by Tom Bakos.

Description: This is a request for data for the 2005 intercompany expense study.

Description: This report presents the results of the most recent study of individual life insurance lapse experience in the United States. Lapse includes termination for nonpayment of premium, insufficient cash value or full surrender of a policy, transfer to reduced paid-up or extended term status, and in most cases, terminations for unknown reason.

Description: The Milliman extension to the 1975-80 basic tables used for the 2005-07 Individual Life Experience Study. See the SOA website, research section, for the complete report.

Description: The purpose of this survey was to gather data on how a sampling of the life insurance industry makes decisions involving lab tests. This most significant conclusions were that protective value was the biggest driving force and the chief underwriter played the biggest role.

Description: Presented at Living to 100 Symposium, January 2011. This paper examines the trends of mortality improvement in the United States for the consideration of the task force set up in 2010 to review the life tables for Group Annuity and the related assumptions for mortality improvement 'Scale AA', using more recent information from the Social Security Administration life tables and data derived from the Human Mortality Database.

Description: This is the introductory study note for the financial mathematics exam for the Spring 2007 exam session.

Description: This paper introduces a single measure combining cost and quality of healthcare. This is used to demonstrate the magnitude of the challenge of the increasing dependency rate. It is then used in assessing a number of alternative financing models, including user fees and alternative compensation methods for physicians. The paper documents implementation issues and evaluates the desirability of implementing these approaches in Canada.

Description: Presented at August 2011 46th Actuarial Research Conference. This paper focuses on mainly focus on the case in which the risk variable follows a distribution function from a max-domain of attraction.

Description: Cover article introducing this month's newsletter and discussing the highlights of the contents of the newsletter