Description: It is assumed that the force of interest varies as an auto-regressive process of order 2, AR[2]. The moments of the accumulated value of 1 paid at the beginning of each period, for n periods, are developed using moment generating functions.

Description: In this paper, the calculation of life insurance functions taking an HIV+ life into consideration is examined. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: Full version of Pension Section News, August 2002, Issue No. 49.

Description: This paper presents a model of the progression of the Acquired Immunodeficiency Syndrome [AIDS] epidemic in the United States. From Transactions of Society of Actuaries 1989, Vol. 41.

Description: Traditional pension cost methods are based on the actuarial present value of future benefits [which is a mean value]. As a consequence, these cost methods are deficient because they cannot provide plan sponsors with certain valuable information such as the probability that the accumulation of a particular sequence of contributions will ultimately provide sufficient funds to pay benefits, or the size of fund needed to ensure that retirees' lifetime benefits are paid with a specified probability. In response to these deficiencies, a new family of cost methods, called a-percentile cost methods, is developed. These cost methods are based on the probability of adequately covering all participants' benefits. Expressions for the normal cost, the accrued liability and the gain are provided. From Transactions of Society of Actuaries 1993, Vol. 45.

Description: This paper cautions against using expected utility theory for measuring insurance risk, because of the numerous inherent difficulties associated with it. Instead, an approach for loading gross premiums that is based on risk-measure functions is explored. Discussions of this paper are included.

Description: This paper thoroughly describes risk premium calculation based on an insurance portfolio consisting of policies risks insured over a finite time interval.

Description: Full version of Product Development News, August 2002, Issue No. 53.

Description: The objective of this paper is to introduce actuaries to business credit insurance. An overview of current business credit practices and terminology is given, and the types of policies are described. A discussion of this paper is included.