Description: This is the final report of a survey of life insurance companies on the cost of implementing the new principle-based statutory accounting framework.

Description: A fuzzy random variable [FRV] has been conceptualized as a vague perception of a crisp but unobservable random variable [RV] and also as a random fuzzy set. Since actuaries seem receptive to these notions of FRV, and there are sources of uncertainty that RVs can not accommodate, but FRVs can, one would expect FRVs to be a component of the actuarial arsenal, but generally this is not the case. Assuming that the reason for this is that potential users are not sufficiently familiar with FRV methodology, the purpose of this article is to help alleviate this situation by presenting a FRV primer.

Description: This is a final report for a research project to create reference material that addresses the methods and techniques for quantifying margins for uncertainty in actuarial assumptions under a Principle-based statutory accounting framework.