| All this depended in turn on mathematical progress, notably calculus developed by Newton and Leibniz, which allowed for actuarial calculations. |
|
| It is a mistake to suppose that the actuarial figure for life expectancy will be the actual length of life for any particular individual. |
|
| There is an inherent uncertainty in any actuarial estimates of asbestos liabilities. |
|
| In determining the actuarial surplus in a pension fund, actuaries make key assumptions. |
|
| Social Security reform has been a tough slog for the business lobby, normally more at home discussing golf outings than actuarial tables. |
|
| The research data tend to be formulated from actuarial models and short trials in pregnant women attending antenatal clinics. |
|
| The last actuarial valuation on its pension fund was undertaken more than two years ago. |
|
| Pension plans are legislated to be actuarily sound, whereas Ponzi schemes couldn't meet any test of actuarial soundness. |
|
| The actuarial valuation of a pension is based on a number of assumptions using statistics about future contingencies. |
|
| The group's leadership continues to deny the hard realities about which trustworthy actuarial studies warn us. |
|
| Too conservative or too aggressive actuarial assumptions can produce unreliable results. |
|
| Look closely at the actuarial assumptions to determine if the plan is overfunded or underfunded. |
|
| The current pay-as-you-go system is fundamentally unsound whether or not it's in actuarial balance. |
|
| Projections of actuarial soundness based on forecasts of productivity growth run the risk of being very wrong. |
|
| Earlier today we noted a new actuarial memo put out by the Social Security administration. |
|
| The estimation of actuarial liabilities relies upon investment credit ratings. |
|
| The decision to have recourse to the capitalized value is outside the domain of actuarial practice. |
|
| The goal of this site is to provide information to the public, and to shine some light on the story of the actuarial profession in Canada. |
|
| Pension funding is based on actuarial estimates and is subject to limitations under applicable income tax and other regulations. |
|
| The parliamentary secretary has the nerve to stand up and say now that compensation is not contingent on an actuarial surplus. |
|
|
|
| The preclusion in the current Standards of Practice on using the forecast actuarial cost method for registered pension plans would be eliminated. |
|
| Recognize all actuarial gains and losses and past service costs in net income when they occur rather than amortizing them. |
|
| Our global actuarial digital library offers access to 448,000 documents from around the world and can be searched in 8 languages. |
|
| He observed it all, a kid who had put one over on the actuarial tables of baseball. |
|
| In the conceptual actuarial approach, the final judgement is determined by explicit rules, but the items are selected based on theory. |
|
| This includes the option to amortize market related gains and losses and other actuarial movements through pension expense. |
|
| The Group will use the corridor method to amortize its actuarial losses and gains in its IFRS financial statements. |
|
| In actuarial literature, the term best estimate is often used synonymously with current estimate. |
|
| The face amount of the letter of credit would be considered a plan asset and taken into account for actuarial valuation purposes. |
|
| He began his career at John Hancock in the retail life marketing support group as a rotation on the actuarial program. |
|
| However, an entity should have an actuary review the existing actuarial valuation to determine if any adjustment is required. |
|
| In accordance with the rules of the plan, a triennial full actuarial valuation is required. |
|
| Three models are reviewed: unstructured clinical decision-making, actuarial decision-making, and structured professional judgment. |
|
| This option would allow currently unrecognized market related and other actuarial accounts to be recognized in equity at transition. |
|
| This valuation was carried out in accordance with accepted actuarial practices, using appropriate assumptions and methods. |
|
| Consequently, no actuarial valuation is required to measure the liability or the cost. |
|
| Although expressed in terms of US GAAP, the actuarial appraisal method generalises to other regimes. |
|
| Under the current metho d, all actuarial gains and losses are recognized immediately in the year they are incurred. |
|
| The corporation has elected to change the metho d used to recognize actuarial gains and losses. |
|
| The rest of the shortfall was eliminated by a minor change in a noneconomic actuarial assumption. |
|
|
|
| The cost of the benefits is determined based on actuarial valuations, which are performed triennially. |
|
| The first actuarial valuation of the Plan will be performed during Fiscal Year 2008-09, and triennially thereafter. |
|
| The determination of the cost of the benefits is made on the basis of actuarial valuations, which are performed triennially. |
|
| In actuarial terminology, it is called the expected postretirement benefit obligation. |
|
| For another thing, periodic actuarial valuations of defined-benefit plans also flow through firms' income statements. |
|
| The Department of Health had another actuarial study done in 1998 to revalidate the baseline costs. |
|
| Recycling to the income statement of cumulated actuarial gains and losses recognised in equity is not permitted by the current standard. |
|
| Puri is Chair of the audit Committee of the Ceifb and a member of its investment and actuarial services Committee. |
|
| Jane holds two M. Sc. degrees, one in epidemiology and biostatistics and one in statistics and actuarial science. |
|
| The lapse rate has an important effect on the amount of the actuarial reserve for certain types of policies. |
|
| Such removals to any superannuation account can only take place after an actuarial report on the account has been laid before Parliament. |
|
| People with dirty jobs have a balance in their lives that I don't see in my friends who are actuarial accountants and investment bankers. |
|
| The joint committee is preparing to present an actuarial analysis of the fund based on the most recent data and experience acquired to date. |
|
| Part of the terms of that agreement were that this year there would be an evaluation of the fund to see if there was an actuarial surplus or not. |
|
| The significant actuarial assumptions adopted are consistent with what we have used in the past. |
|
| The held for trading bonds are held primarily in support of actuarial liabilities. |
|
| To ignore them in that situation is accepted actuarial practice if it helps the actuary to concentrate time and resources on material items. |
|
| It also serves as a warning to use only the most conservative actuarial assumptions during plan valuations. |
|
| We understand that an actuarial evaluation is being finalized for the members' plans. |
|
| The impact of any later revisions to those assumptions is an actuarial gain or loss of the period in which the entity makes the revisions. |
|
|
|
| It is written to income under interest margin, using an actuarial method according to the term of the loan. |
|
| These technical provisions normally are valued according to actuarial principles. |
|
| The actuarial report does not take into account any general or specific contingencies, nor does it provide for a calculation of the loss of employment or pension benefits. |
|
| That miscalculation could mean serious trouble in terms of actuarial soundness. |
|
| Social security encourages behavior which undermines the actuarial soundness of social security itself. |
|
| But while support for ending the death penalty was cold and actuarial, opposition to the measure was emotional and raw. |
|
| There is also literally a conversation about contemporary practices in actuarial mathematics. |
|
| At 79 years of age, actuarial tables say a woman is likely to live another 9.74 years. |
|
| Each valuation shall be obtained as soon as reasonably practicable and shall be accompanied by an actuarial statement pursuant to the regulations. |
|
| The sample population upon which actuarial assessments of risk are based, includes among the recidivists both those who have received treatment and those who have not. |
|
| Nate Silver meets the Grim Reaper, without all the confusing actuarial tables. |
|
| Furthermore, we believe that the chances of developing a workable system will be greatest when attention is given to the actuarial and underwriting issues we have addressed. |
|
| The nature of the promise should be of vital concern to actuaries and their customers: failures to elucidate the exact nature of a liability promise is the cause of many an actuarial slip-up. |
|
| Later, I discuss the relationship between ILY values and the traditional actuarial concept of mortality credits. |
|
| As further evidence of our commitment to financial discipline, we made a step change in our reserving approach, including improved governance, harmonization of actuarial methods, and more conservative assumptions. |
|
| The Régime has fine-tuned a formula that allows small community-based organizations that could not support a potential actuarial deficit the ability to improve working conditions for their employees. |
|
| The actuaries, as they should be and as is foreseen in the trust agreement, are doing the consideration as to whether or not there is a surplus, and if there is an actuarial surplus, what its extent is. |
|
| Service providors such as actuaries, investment advisors, investment managers, custodians, legal counsel, etc. provide actuarial, investment, insurance or legal advice and services. |
|
| Determining the amount that can be deducted for incurred-but-unpaid amounts can involve an actuarial calculation. |
|
| Under the actuarial present value method, the present value of possible overcompensation is balanced by the present value of possible undercompensation. |
|
|
|
| The actuarial function was neutralised, and the business model was akin to riding a wobbly bicycle: so long as they kept selling they could just keep upright. |
|
| An Associate doing so, however, is as accountable as an actuary for that work and may not plead limited qualification or inexperience as an extenuating circumstance for a breach of accepted actuarial practice. |
|
| The new actuarial study will probably reach the same conclusion. |
|
| For those of you who would like more detailed information, I would ask you to turn your attention to the graphs below, which illustrate the three core areas of the Fund: operations, investments and actuarial situation. |
|
| Bellerophon attempts to become a mythic hero by perfectly imitating the actuarial program for mythic heroes. |
|
| Income consists of premiums received, funds reclaimed from the Consolidated Revenue Fund for previously untraceable annuitants, earned interest and any transfer needed to cover the actuarial deficit. |
|
| These benefits are calculated according to the same actuarial method described above and are provisioned in full, as are any actuarial differences. |
|
| These calculations are only an estimate and do not take into consideration any of the actuarial computations mentioned by the Fund and shown in table 2 below. |
|
| A detailed actuarial study is planned in view of the legislative proposal. |
|
| According to this approach, an enterprise would use the actuarial valuation prepared for funding purposes to measure the obligation and recognize all actuarial variances and past service costs in net income when they occur. |
|
| The choice of assets to match insurance and pension liabilities encapsulates some of the most difficult and open issues in the application of financial economics to actuarial problems. |
|
| Mr. Genest studied at Laval University, recognized as having the best actuarial faculty in North America, and answered the call of his alma mater by agreeing to sit on the board of directors of Laval University. |
|
| As a result, candidates may not need to spend as much time memorizing the pre-reading material as might be expected for the typical actuarial examination. |
|
| When the actuary makes dividend recommendations for policies issued for delivery outside Canada, the actuary should take cognizance of the actuarial principles and practices in the particular country. |
|
| The actuarial and risk factors should reflect positive changes in life expectancy and active ageing as well as increased mobility and accessibility for people with disabilities. |
|
| The 31 March 2008, triennial actuarial valuation of the Reserve Force Pension Plan, has not yet been tabled in Parliament, As a result, no adjustment is being made to the Pension Fund at this time. |
|
| Subsequent to transition, the Company intends to apply the corridor approach for deferring recognition of actuarial gains and losses that reside within the corridor. |
|
| Similarly, the semiparametric inference methods that he developed with his colleagues at Laval have paved the way to numerous applications of copula models in actuarial science and finance. |
|
| The CERA credential has been adopted by 14 global actuarial organizations, only strengthening CERAs' global role in risk management. |
|
| We will also enhance our capabilities through continued development of our internal actuarial modelling and analysis systems and our customer contact tracking system. |
|
|
|
| Any asset resulting from this calculation is limited to unrecognized actuarial losses and past service costs plus the present value of available refunds and reductions in future contributions to the plan. |
|
| A valuation is performed at least every three years to determine the actuarial present value of the accrued pension and other employee future benefits for funding purposes. |
|
| The SOA and CAS jointly sponsor a Web site for those interested in pursuing an actuarial career. |
|
| Generally, the expectations of the client or user of the actuarial work would determine jurisdiction, especially when those expectations can be reasonably inferred from the work. |
|
| The actuarial appraisal method has become popular because it links the measurement of PVIF to common approaches to determining the value of portfolios of insurance contracts. |
|
| Official transcript from your university for your bachelor's degree in one of the following fields: administration, economics, law or actuarial sciences. |
|
| Funding of registered retirement plans complies with federal and provincial pension regulations, and the company makes contributions to the plans based on an independent actuarial valuation. |
|
| These estimates include, among other things, the establishment of actuarial liabilities performed by the valuation actuaries of the insurance company. |
|
| Except in case of a particular event over the period, no actuarial valuation is carried out for the preparation of the summary half-yearly consolidated financial statements. |
|
| Second, although actuarial tools give the appearance of objectivity and precision, their interrater agreement and predictive accuracy is far from perfect. |
|
| Cash payments, allowances, value of preferential rates on loans, other financial benefits, as well as the amount of actuarial funding needed for pensions, are included in this figure. |
|
| Despite making allowance for longer life expectancy and a using a low actualization rate in the actuarial assumptions, the increase in these commitments between 2004 and 2005 remains manageable. |
|
| Consequently, any reduction in investment income from unit linked products is counterweighted by an almost equivalent reduction of the associated actuarial reserve. |
|
| As with many areas of actuarial work, it is preferable to have several tools at one's disposal to make an allowance for claims that have been incurred but not reported. |
|
| Smoothing is a common practice accepted by the actuarial profession and pension regulators to reduce the effect of short-term market fluctuations on pension plan funding. |
|
| Support the development, organization and promotion of the actuarial profession in areas of the world in which it is not present or is not fully developed. |
|
| Charles Babbage was an English mathematician and inventor: he invented the cowcatcher, reformed the British postal system, and was a pioneer in the fields of operations research and actuarial science. |
|
| The other method assumes that the sponsor could become insolvent at any time, and so sufficient funds to cover actuarial liabilities must always be available to cover that risk. |
|
| Babbage did calculate actuarial tables for that scheme, using Equitable Society mortality data from 1762 onwards. |
|
| Rather than taking a splatter-gun approach, Stuart decided to target his efforts on a career within the actuarial industry. |
|
|
|
| For audit purposes, reliance is generally placed on the actuaries as specialists and procedures are performed to assess reasonability of assumptions and impacts on final actuarial valuations. |
|
| Each year colleges and universities with actuarial science programs that are designated SOA Center of Actuarial Excellence compete for the grants. |
|
| Doodnath is believed to own the highest number of distinction in South African province, Kwa-Zulu Natal and hopes to pursue actuarial science at the University of Cape Town. |
|
| This textbook is for a one-semester course for undergraduate and graduate students, and has also been used for a course at the masters level in actuarial science. |
|
| The high level skills of the Cebuano will support Manulife's growth, especially in financial and investment services, as well as actuarial and underwriting support roles. |
|
| North American insurers increasingly are seeking the services of external or unaffiliated actuarial firms to provide actuarial opinions for annual statutory filings. |
|
| The valuation of a life estate requires appraisal of the fee simple estate and the determination of the expected life of the life estate holder using actuarial tables. |
|
