Letter to Mr. Summer and Mr. Nelles from the Office of the N.D. Mutual Insurance Company of St. Catharines

Letter to Mr. Summer and Mr. Nelles from the Office of the N.D. Mutual Insurance Company of St. Catharines regarding an assessment of 4 % on the premium notes of this company. This is signed by Mr. Arnold, secretary of N.D. Mutual F. Insurance Company, Aug. 9, 1848.

Manual of group life insurance; rules, regulations and premium rates.

Mode of access: Internet.

Field notes.

Latest issue consulted: Vol. 80, no. 6 (July-Aug. 1981).

A century of pioneering /

Cover title.

Life and times of Stephen Higginson, member of the Continental congress (1783) and author of the "Laco" letters, relating to John Hancock (1789)

Mode of access: Internet.

Preliminary design study of a driving simulator, for the Liberty Mutual Insurance Company, Boston, Massachusetts.

"Final report, Contract no. CC-102."

Testimony taken before the Joint committee of the Senate and Assembly of the state of New York to investigate and examine into the business and affairs of life insurance companies doing business in the state of New York.

Vol. 10 contains also various bills introduced in the Legislature by the committee, and "Index to the Testimony and Exhibits ... Brandow printing company, state printers,Albany, N.Y. 1905."

Tools for testing the Solvency Capital Requirement for life insurance

Longevity risk is one of the major risks that an insurance company or a pension fund has to deal with and it is expected that its importance will grow in the near future. In agreement with these considerations, in Solvency II regulation the Standard formula furnished for calculating the Solvency Capital Requirement explicitly considers this kind of risk. According to the new European rules in our paper we suggest a multiperiod approach to evaluate the SCR for longevity risk. We propose a backtesting framework for measuring the consistency of SCR calculations for life insurance policies.

The aggregate claims distribution of a life insurance portfolio with a pairwise positive dependence structure

The individual life model has always been considered as the one closest to the real situation of the total claims of a life insurance portfolio. It only makes the ¿nearly inevitable assumption¿ of independence of the lifelenghts of insured persons in the portfolio. Many clinical studies, however, have demonstrated positive dependence of paired lives such as husband and wife. In our opinion, it won¿t be unrealistic expecting a considerable number of married couples in any life insurance portfolio (e.g. life insurance contracts formalized at the time of signing a mortatge) and these dependences materially increase the values for the stop-loss premiums associated to the aggregate claims of the portfolio. Since the stop-loss order is the order followed by any risk averse decison maker, the simplifying hypothesis of independence constitute a real financial danger for the company, in the sense that most of their decisions are based on the aggregated claims distribution. In this paper, we will determine approximations for the distribution of the aggregate claims of a life insurance portfolio with some married couples and we will describe how to make safe decisions when we don¿t know exactly the dependence structure between the risks in each couple. Results in this paper are partly based on results in Dhaene and Goovaerts (1997)

The aggregate claims distribution of a life insurance portfolio with a pairwise positive dependence structure

The individual life model has always been considered as the one closest to the real situation of the total claims of a life insurance portfolio. It only makes the ¿nearly inevitable assumption¿ of independence of the lifelenghts of insured persons in the portfolio. Many clinical studies, however, have demonstrated positive dependence of paired lives such as husband and wife. In our opinion, it won¿t be unrealistic expecting a considerable number of married couples in any life insurance portfolio (e.g. life insurance contracts formalized at the time of signing a mortatge) and these dependences materially increase the values for the stop-loss premiums associated to the aggregate claims of the portfolio. Since the stop-loss order is the order followed by any risk averse decison maker, the simplifying hypothesis of independence constitute a real financial danger for the company, in the sense that most of their decisions are based on the aggregated claims distribution. In this paper, we will determine approximations for the distribution of the aggregate claims of a life insurance portfolio with some married couples and we will describe how to make safe decisions when we don¿t know exactly the dependence structure between the risks in each couple. Results in this paper are partly based on results in Dhaene and Goovaerts (1997)

Handy guide to premium rates, applications and policies of American life insurance companies.

Description based on: 17th (1908).

Best's life insurance reports.

Mode of access: Internet.

Testimony : taken before the joint committee senate and assembly of the state of New York to investigate and examine into the business and affairs of Life Insurance companies ; doing business in the state of New York.

Mode of access: Internet.

Statistical bulletin - Metropolitan Life.

Index medicus

Proceedings of the annual session, national convention, Mutual Life Underwriters

Mode of access: Internet.