Workers Compensation Excess Ratios: An Alternative Method of Estimation

Abstract
This paper presents an alternative method of calculating excess ratios for workers compensation insurance. While the method shares many similarities with that presented by Gillam, there are important differences in approach. The (adjusted) data is relied upon directly for lower limits. For higher limits this is supplemented by a mixed Pareto-exponential distribution fitted to the (adjusted) data.
Volume
LXXXV
Page
132
Year
1998
Syllabus year
2010
Syllabus exam
9
Categories
Actuarial Applications and Methodologies
Ratemaking
Increased Limits
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
Authors
Howard C Mahler