Corrigendum JIA 119 part 3
HIV, AIDS and the approximate calculation of life insurance functions, annuities and net premiums
The paper presents an application of the Markov chain as a tool for the calculation of life contingencies functions (e.g. assurance, annuity, net premium, policy value functions) arising from a multi-state model which represents the transmission and development of HIV and AIDS. The transmission model advocated by the Institute of Actuaries AIDS Working Party is modified and simplified and then applied to derive explicit formulae for these standard life contingencies functions.
Comments on "Some results on the Gompertz and Heligman and Pollard laws of mortality"
The consequences of graduating truncated English Life Table data by either the Gompertz or truncated Heligman and Pollard ‘laws of mortality’, recently advocated by Thatcher (1990), are examined in greater detail.
Asset Liability Convention, 29-30 April 1992
Reviews: SCOR Notes: International Prize in Actuarial Science. April 1991
Notes on other actuarial journals
The developing role of the Government Actuary's Department in the supervision of insurance
Following a brief outline of the origins of the actuarial profession in the United Kingdom, the paper traces the involvement of actuaries in the supervision of insurance in the UK, and recalls the origins and early development of actuaries in government. In 1919, the Government Actuary’s Department (GAD) was formed, and the paper explores the developing role of GAD in the supervision of insurance and how insurance supervision has evolved into a close partnership between the actuarial profession and the supervisors.