Actuarial – Page 5

Smoothing In any case some smoothing of the crude results would be necessary, since the direct asset share would show discontinuities due, for example, to changes by duration in the level of renewal commissions which, if directly reflected in the dividend scale, would presumably be puzzling to the policyholder. 1959 – SOA – Some Observations…

Q: What Responsibilities Do Actuaries Have? The work of science is to substitute facts for appearances and demonstrations for impressions. – Ruskin long-standing motto of the Society of Actuaries The quote is from Mr. John Ruskin’s book, The Stone of Venice, Volume 3, page 36. 2012 – SOA – Substitute One Mis-impression, Society of Actuaries…

SOA – Society of Actuaries – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# C Cowman Index to Actuarial Literature – 1889-1989 – SOA, Society of Actuaries Back to top D Dynamic Financial Condition Analysis Handbook – SOA – Society of Actuaries Dynamic Solvency Testing – DST Back to top E Elephants Back to top M Mismatch Life Back to top…

1950s – SOA – Society of Actuaries 1950 – SOA – National Service Life Insurance, Society of Actuaries – 19p 1951 – SOA – Lapse Rates, by Charles F.B. Richardson and John M. Hartwell, Society of Actuaries – 59p 1951 – SOA – Theory of Surplus in a Mutual Insurance Organization, Charles L. Trowbridge, Society of…

AAA – Groups Life Capital Adequacy Subcommittee (LCAS) Invested Assets Work Group (AIAWG) Nonforfeiture Modernization Work Group – actuary.org/committees/dynamic/NFIWG formerly the Nonforfeiture Improvement Work Group C1 Work Group C3 Life and Annuity Capital Work Group (C3WG) 1999 – Report – AAA to NAIC – https://www.actuary.org/sites/default/files/files/C3_Phase_I_Report_October_1999.pdf 2009 – Report – AAA to NAIC – content.naic.org/sites/default/files/inline-files/committees_e_capad_lrbc_C3_RBC_instructions_package.pdf Committee…

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 – …

Q: 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”…

Unified Valuation System 2000 – SOA – What Is the Unified Valuation System (UVS) and What Are its Origins?, by Donna C. Novak, Society of Actuaries – 3p 2001 – SOA – ENTERPRISE RISK MANAGEMENT MEETS UNIFIED VALUATION SYSTEM, Society of Actuaries – 21p The currently proposed principle-based capital and reserve methodologies devolved from the…

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,…

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…