"Minimum Capital and Surplus Requirements for Multiple Line Insurance
Companies: A New Approach" by Alfred E. Hofflander (find it in Kimball and
Dennenberg).
"Reserves, Surplus & Uncertainty" by Aaron Halpert and Douglas Oliver (see
1988 Discussion Paper Program).
I'm sure there are others.
Regards,
Greg
To: casnet
cc: (bcc: Gregory A. Cuzzi)
From: Patjcrowe@aol.com
Date: 07/08/98 10:39:22 PM
Subject: Kenny rule article
Our insurance department is suggesting our company has too much excess
surplus
according to the infamous Kenny rule ie 2 to 1. Several years ago, I read
an
article that discussed the Kenny rule. I faintly remember the article
listing
the reasons why the Kenny rule is not an appropriate analytical tool.
Does anyone recall this article or know of any other articles that discuss
the
inadequacies of the Kenny rule and provide better measures. The RBC
formulas
relate to minimum solvency measures. I am looking for methods that quantify
surplus needs for a well financed insurance operation under adverse
scenarios.
Visit the CAS Web Site at http://www.casact.org
===============================================
To subscribe or unsubscribe from CASNET:
Send an e-mail to caslists@lists.casact.org
Type in the body join casnet to subscribe
or leave casnet to unsubscribe.
Visit the CAS Web Site at http://www.casact.org
===============================================
To subscribe or unsubscribe from CASNET:
Send an e-mail to caslists@lists.casact.org
Type in the body join casnet to subscribe
or leave casnet to unsubscribe.