Actuarial
EAR – Enrolled Actuaries Report
EAR – Enrolled Actuaries Report actuary.org/content/enrolled-actuaries-report ear_198207 ear_198304 Long ago the actuary earned the reputation of being the engineer of the life insurance business, the one who understands what makes it all work and can make it work better. (p4) 1979 06 – AAA – EAR – Enrolled Actuaries Report, American Academy of Actuaries – …
Read MoreQ: Who Can Call Themselves an Actuary?
Who Can Call Themselves an Actuary? Quoting Humpty-Dumpty, “When I use a word it means just what I choose it to mean,” the speaker predicted that the day is passing when the word “actuary” can be used by anybody to mean whatever that person chooses it to mean. Those who apply the word “actuary” to…
Read MoreUnified Valuation System
Unified Valuation System 2000 – What Is the Unified Valuation System (UVS) and What Are its Origins?, by Donna C. Novak, Society of Actuaries – 3p 2001 – ENTERPRISE RISK MANAGEMENT MEETS UNIFIED VALUATION SYSTEM, Society of Actuaries – 21p The currently proposed principle-based capital and reserve methodologies devolved from the Unified Valuation System (UVS)…
Read MoreIllustration Actuary
Illustration Actuary soa.org/sections/small-insurance/illustration-actuary-corner/ Back in Chicago on February 13, 1996, there was an ACLI meeting where Bob Wilcox, who is the Commissioner of Insurance in Utah, said that there were four guiding principles to the entire illustration actuary movement. He said the process has been going on for several years at the NAIC level to,…
Read MoreAAA to Government
AAA to Government AAA – American Academy of Actuaries Re: Initial Comments on Release Nos. 33-8933 & 34-58022 (File No. S7-14-08): Proposed Rule 151A 2005 06 – AAA to GAO – Questions from Phone Conference with GAO On March 31, 2005, American Academy of Actuaries – 5p 1. A brief background on broad categories of…
Read MoreMortality Tables
Mortality Tables T’he mortality table is the instrument by means of which are measured the probabilities of death and survival. 1940-Supplement NAIC Proceedings – It should be remembered that the CET Table was prepared to enable companies to charge a proper rate for extended term coverage. — Elgin R. Batho 1961 – DIGEST OF SMALLER…
Read MoreARIA – American Risk & Insurance Association
ARIA – American Risk Insurance Association aria.org/research/ 1998 – SOA – ARIA Promotes Interaction of Academics, Industry, (act-1988-vol22-iss08-huntington), Society of Actuaries – 3p 1987 – AP – ARIA – The Rate of Return on Universal Life Insurance – 22p – JSTOR Author(s): Antony C. Cherin and Robert C. Hutchins Source: The Journal of Risk and Insurance ,…
Read MoreERM – Enterprise Risk Management
ERM – Enterprise Risk Management 2010 – SOA – Did Enterprise Risk Management Really Work? – The Case of Lincoln Financial Corporation, Scott Engle, Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries – 18p 2013 – SOA – ERM-ILA Model Solutions, Fall 2013, Society of Acuaries – 38p Learning Objectives: 2. The candidate will…
Read MoreDuration
Duration Key Attributes of Generic Life Insurance Policies — Table 4-2 Duration of coverage – Universal Life – Depends on premiums paid (p111) 2015 – Book – Life Insurance 15th Ed. – Black, Skipper, Black (Huebner Series) Duration is a measure that’s used to provide information to portfolio managers about the interest rate sensitivity of…
Read MoreValuation and Nonforfeiture
Valuation and Non-forfeiture Nonforfeiture Second Standard Nonforfeiture Law – NAIC Standard Non-Forfeiture Law – SNFL Valuation Standard Valuation Law – SVL Valuation Actuary 1987 – SOA – Valuation Actuary Handbook – VAH 1987 – SOA – Valuation Actuary Handbook – VAH871 – Chapter 1 – Insurance Company Statutory Valuation, Society of Actuaries – 34p Valuation…
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