Subjects – [BonkNote]

Semantics Pursuing this thought further brings to light the fact that our nomenclature in this field is not only poor semantics but also far from precise. — Ralph E. Edward 1955 – SOA – Analysis of Approximate Valuation Methods, Society of Actuaries – 16p Jesse M. Schwartz: Why are people so reluctant to call Total Life…

Econometrics 1973 – AP – An Econometric Model of the Life Insurance Sector of the U.S. Economy, J. David Cummins, The Journal of Risk and Insurance, Vol. 40, No. 4 (Dec., 1973), pp. 533-554 (22 pages), Published By: American Risk and Insurance Association Summary: Preliminary results Of an SOA-sponsored study Of the relationship of an…

Systems Science Complexity Science–an introduction and invitation for actuaries – Website – Society of Actuaries

Game Theory 1968 – PRICES AND PROFITS, JOHN M. BRAGG, Society of Actuaries 1980 – APPLICATIONS OF GAME THEORY TO THE INSURANCE BUSINESS, Society of Actuaries – 4p 1991 – AP – Cooperative Game Theory and its Insurance Applications, Jean Lemaire – 162p <Bonk: Have not read>

Marketing …a great deal of our problem is caused because the people out there marketing our life insurance products are trying to market it against and like mutual funds. Until we start to market it as life insurance and describe it and teach the consumers about life insurance, they’re not in any position to make…

History 1872 – AP – Life Insurance in the Time of Queen Elizabeth. An order given by the Judges of the Admiralty, and confirmed by the Privy Council on 14 March 1587 – 5p 2010 – Book – Investing in Life: Insurance in Antebellum America, by Sharon Ann Murphy 2010 – AP – Capitalist Development and…

Language Semantics Words and Concepts Insurance policies may be balm for the afflicted but they are murder on the English language. 1976 0811 – NYT – New Policy Arises In Insurance Field Readable Language, By Israel Shenker – [link] We cannot play word games with policyholder money. (p74) — Karl L. Rubenstein, Special Deputy Insurance Commissioner, State…

Socialism SPOT LIGHTS ON SALES PROBLEMS From the Northwest Life Congress 1922 Weekly Underwriter page 99 Socialism Paternalism Merriam-Webster def: 1) a person who is independent (as in politics) or who remains undecided or neutral 2) Did You Know? Mugwump is an anglicized version of a word used by Massachusett Indians to mean “war leader.”…

Behavioral Economics Agent Based Modeling Behavioral Simulations policyholder behaviors Prospect Theory Daniel Kahneman Thinking Fast and Slow Cass Sunstein Nudge 2012 – AP – Prospect Theory Life Insurance and Annuities, by Daniel Gottlieb – 54p 2014 – SOA – Modeling of Policyholder Behavior for Life Insurance and Annuity Products: A Survey and Literature Review, Society of…

Operations Research 1957 – SOA – Operations Research, Society of Actuaries – 5p 1980 – AP – Models in Insurance Paradigms Puzzles, Communications and Revolutions – Operations Research, William S. Jewell – 128p 1988 – SOA – Applications of Operations-Research Technique in Insurance, Arnold F. Shapiro, Society of Actuaries – 16p 1995 – SOA -…