Description: This paper provides illustrative examples of using a Paid Claims Projection model to estimate claim reserves for products in the runoff and a Cash Flow Testing model to determine longevity and profitability of existing products.

Description: Discusses how a small health insurance company may be able to create and successfully maintain its wealth through careful actuarial model considerations used in calculating reserves. A traditional and a conservative approach to calculating the reserves are compared. The conservative approach was found particularly useful when estimating reserves for an individual health insurance company with numerous product lines each relatively small in volume.

Description: This paper presents several projects for actuarial students that are designed to develop specific technical and business skills relevant to both actuarial consulting and the insurance industry.