Browse Research
Viewing 2951 to 2975 of 7695 results
2003
This paper addresses the issues and techniques for Property/Casualty actuaries using data mining techniques. Data mining means the efficient discovery process that includes data acquisition, data integration, data exploration, model building, and model validation.
2003
This paper considers the task of modeling "pension" claims whose durations may vary, but whose payment pattern is uniform and flat. We derive the aggregate payout pattern from the duration density and discuss and provide examples to show how this idea can be applied to calculating tail development factors.
2003
This paper discusses the type of dependence induced by the Generalized Additive Mixed Model (GAMM) approach to regression analysis with correlated data. In this framework, random effects are added on the same scale as the fixed effects. Dependence between outcomes in thus generated by their sharing of common/correlated latent variables. In many cases, this results in strong positive association.
2003
The largest claims reinsurance treaty is combined with an excess-of-loss cover. An exact premium formula and a premium bound is given for the combined treaty under general conditions. Both are also specialized to more special, ideal model assumptions.
2003
The well-known inflation-independent exposure rating curves from Property reinsurance (see e.g. Mack (1980) or Bernegger (1997)) cannot be deduced in Liability insurance in the same way because here the claims sizes cannot be assumed to be scaled by the sums insured.
2003
In policymaking and insurance rate setting process, understanding and managing claim frequency are crucial issues. Owing to the importance attached to the dynamics of claims frequency in insurance ratemaking and in implementing workplace safety measures, we intent to walk through the basic steps in the econometric modeling and forecasting of claims frequency.
2003
The target return on capital is the cost of capital for the insurance enterprise, or the return demanded by suppliers of capital. This paper describes the major considerations in selecting the target return on capital.
2003
In the "Loss Models" readings, CAS students learn how to fit severity distributions by MLE, including the case of fitting a ground-up distribution where only losses above a deductible are available. In that case the MLE looks for the ground-up distribution parameters that provide the best fit to the known excess losses. This procedure falls apart, however, when different deductibles are used and there are different degrees of exposure to each.
2003
This article considers moral hazard in the specific context of third-party risks.
2003
Mr. Khury’s paper advocates using various reserve ratios to test the reasonableness of loss reserve estimates. This review expands upon these ideas by discussing the practitioners for whom these techniques will be most useful, the practical decisions required to apply Mr. Khury’s concepts, and a statistical technique to evaluate whether ratios derived from the loss reserve estimates are reasonable relative to other available data.
2003
Least squares credibility is usually derived from some fairly complicated looking assumptions about risk across a collective. It turns out, however, that the basic results can be developed from some standard statistical operations with weighted regression. This is outlined, and some more advanced models are tied to the same approach, in this note.
2003
This paper presents a methodology that represents a significant enhancement to current pricing practices. The goal of this methodology is to estimate the impact that a rate change will have on a company's policyholder retention and the resulting profitability of this transformed book of business.
2003
Paying premiums based solely on how much you use your car may make sense to many consumers, and to most environmentalists and energy conservationists. But will it be the wave of the future?
2003
The 24/7 economy may look profitable on paper, but not if potential profits are eaten up by lawsuits and skyrocketing insurance premiums.
2003
Winter 2003, Data Management, Quality, and Technology Call Papers and Ratemaking Discussion Papers 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 Data Management Call Papers
2003
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
2003
Summer 2003, Including the 2003 Enterprise Risk Management & Dynamic Financial Analysis Modeling Call Papers 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 ERM & DFA Modeling Call Papers
2003
Spring 2003, Including the Reinsurance Discussion Papers 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 Reinsurance Papers The Valuation of Stochastic Cash Flows by Leigh J. Halliwell, FCAS, MAAA
