Casualty Actuarial Society

Fall 2003, Including the 2003 Reserves Call Papers and Discussions of the 2002 ARIA Prize Paper

These files are in Portable Document Format (PDF), you will need to download the Acrobat Reader to view the articles.

Table of Contents
Download Entire Volume

Reserving Call Papers

Probabilistic Framework for Evaluating Materiality and Variability in Loss Reserve Estimates
by Irene K. Bass, FCAS, MAAA, and C.K. "Stan" Khury, FCAS, MAAA

LDF Curve-Fitting and Stochastic Reserving: A Maximum Likelihood Approach
by David R. Clark, FCAS, MAAA

Estimating ULAE Liabilities: Rediscovering and Expanding Kittel's Approach
by Robert F. Conger, FCAS, FCIA, MAAA, and Alejandra Nolibos, FCAS, MAAA
Note: A corrected version of the original paper published in the Forum appears above.
This version corrects and expands footnotes on page 134. The errata have been released for page 119.

Measurement of Reserve Variability
by Roger M. Hayne, FCAS, MAAA

Reserving for Asbestos Liabilities
by Kevin M. Madigan, ACAS, MAAA, and Claus S. Metzner, FCAS, FSA, MAAA, Aktuar-SAV

Estimation and Application of Ranges of Reasonable Estimates
by Charles L. McClenahan, FCAS, ASA, MAAA
Note: A corrected version of the original paper published in the Forum appears above. This version contains an added footnote on page 221.

Monoline Insurance & Financial Guaranty Reserving
by James P. McNichols, ACAS, MAAA

A Statistical Simulation Approach for Estimating the Reserve for Uncollectible Reinsurance
by Nicholas H. Pastor, FCAS, MAAA

Loss Reserve Estimates: A Statistical Approach for Determining "'Reasonableness"
by Mark R. Shapland, FCAS, MAAA

A Generic Claims Reserving Model: A Fundamental Risk Analysis
by Graciela Vera
Note: A corrected version of the original paper published in the Forum appears above. This version corrects two sections that contained incomplete equations.

Discussions of the 2002 ARIA Prize Paper

Review of "Capital Allocation for Insurance Companies" by Stewart C. Myers and James R. Read Jr
by Paul J. Kneuer, FCAS, MAAA

The Economics of Capital Allocation
by Glenn G. Meyers, FCAS, MAAA

A Note on the Myers and Read Capital Allocation Formula
by Stephen J. Mildenhall, FCAS, ASA, MAAA

A Method of Implementing Myers-Read Capital Allocation in Simulation
by David L. Ruhm, FCAS, MAAA, and Donald E Mango, FCAS, MAAA

Discussion of "Capital Allocation for Insurance Companies" by Stewart C. Myers and James R. Read Jr.
by Gary G. Venter, FCAS, MAAA

Review of "Capital Allocation for Insurance Companies" by Stewart C. Myers and James R. Read Jr.
Practical Considerations for Implementing the Myers-Read Model
by Kyle J. Vrieze, FCAS, MAAA, and Paul J. Brehm, FCAS, MAAA

Additional Papers

Annuity Densities with Application to Tail Development
Daniel R. Corro

Financial Pricing Models for Property-Casualty Insurance Products: Implementation and Presentation
by Sholom Feldblum, FCAS, FSA, MAAA, and Neeza Thandi, FCAS, MAAA

Financial Pricing Models for Property-Casualty Insurance Products: Investment Yields
by Sholom Feldblum, FCAS, FSA, MAAA, and Neeza Thandi, FCAS, MAAA

The Pricing of Commutations
by Sholom Feldblum, FCAS, FSA, MAAA