caa a22 4500 386349983 CHVBK 20180307111826.0 cr unu---uuuuu 161130e198912 xx s 000 0 eng 10.1017/S0020268100036647 doi S0020268100036647 pii (NATIONALLICENCE)cambridge-10.1017/S0020268100036647 With profits without mystery [Elektronische Daten] The paper describes the philosophy of with-profits business which has been developed in the authors' office, as a practical illustration of the running of such business in modern conditions. A description is given of how the philosophy is implemented in the main areas of actuarial management, including valuation methods, bonus distribution, product design and expense control. The discussion is extended to address a number of topics which are the subject of current debate including the financial strength of offices, future bonus prospects and disclosure of expenses. Copyright © Institute and Faculty of Actuaries 1989 Ranson R. H. Headdon C. P. Journal of the Institute of Actuaries Cambridge University Press 116/3(1989-12), 301-345 0020-2681 116:3<301 1989 116 JIA https://doi.org/10.1017/S0020268100036647 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0020268100036647 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Ranson R. H. NATIONALLICENCE 700 1- Headdon C. P. NATIONALLICENCE 773 0- Journal of the Institute of Actuaries Cambridge University Press 116/3(1989-12), 301-345 0020-2681 116:3<301 1989 116 JIA CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 386349983 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge