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Welcome to the Journal of Actuarial Practice.

"This website contains the entire archived contents of the Journal of Actuarial Practice, i.e., it contains all of the papers ever published by the Journal. In order to provide the widest possible dissemination of the contents of the Journal, each article is available for free download in pdf format. It is my sincerest hope that everyone visiting this site (including actuarial students, academics, and practicing actuaries) will find our published articles to be readable, informative, and intellectually stimulating."  The Editor.

History and Original Aims

The Journal was founded in 1992 by Professor Colin M. Ramsay as an international peer-reviewed journal for the purpose of improving communications between the practicing and the academic actuarial communities. The first volume was published in 1993 and the last volume in 2006. At the time of its founding, the aim of this international journal was to publish articles pertaining to the "art" and "science" involved in contemporary actuarial practice. The Journal welcomed articles introducing new ideas, strategies, or techniques or improving upon those used in current actuarial practice. The major criterion was that articles should ultimately be useful to practicing actuaries. The Journal has published articles in both the life and non-life areas.

Editorial Board

As of 2006,the Journal's Editorial Board consisted of:
Editor: Colin Ramsay, University of Nebraska–Lincoln
Associate Editors:

Robert Brown, University of Waterloo Robert Myers, Temple University
Cecil Bykerk, Mutual of Omaha         Norman Nodulman, Retired
Ruy Cardoso, Actuarial Frameworks François Outreville, United Nations
Samuel Cox, Georgia State University Timothy Pfeifer, Milliman USA 
David Cummins, University of Pennsylvania Esther Portnoy, University of Illinois
Robert Finger, Retired     Robert Reitano, John Hancock Financial 
Charles Fuhrer, The Segal Company Alice Rosenblatt, Wellpoint Health Netwks 
Farrokh Guiahi, Hofstra University   Arnold Shapiro, Penn State University
Steven Haberman, City University     Elias Shiu, University of Iowa
Merlin Jetton, Retired      Michael Sze, Sze Associates Ltd.
Eric Klieber, Buck Consultants          Joseph Tan, National Actuarial Network
Edward Mailander, Wellpoint Health Netwks  Ronnie Tan, Great Eastern Life
Charles McClenahan, Mercer Oliver Wyman  Richard Wendt, Tower Perrin

Notice of Copyright

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