Browse Research
Viewing 3076 to 3100 of 7695 results
2002
Textbook used for Exam 5
Chapters on:
Overview of Personal Insurance (1.3-1.16)
Personal Auto Policy, Part 1 (3.3-3.31)
Personal Auto Policy, Part 2 (4.3-4.21)
Homeowners Insurance: Section I (5.3-5.41)
Homeowners Insurance: Section II and Sections I and II Conditions (6.3-6.19)
Health and Disability Insurance (12.5-12.27)
2002
This paper introduces the idea of using "reserve ratios" as tools for testing the reasonableness of loss reserves. The reserve ratios introduced in this paper are the ratios of IBNR to premium, IBNR to reported loss, IBNR to paid loss, total reserve to premium, and total reserve to paid loss.
2002
Structured settlements are a way of paying compensation for personal injury whereby all or part of the compensation is paid in the form of periodic payments and these periodic payments are funded by the purchase of an annuity. The long process of research and lobbying for structured settlements in Australia is briefly described in Attachment A.
2002
Effective management of catastrophic health care costs requires getting all the information available and getting it fast.
2002
A new study of the history of U.S. hurricanes in the 20th century fails to demonstrate any effects of global warming on the number and intensity of catastrophe storms.
2002
"Allfinanz" is the German expression used to describe an integrated financial services provider (Edwards [11]). Such allfinanz providers are becomingly increasingly common here in the U.S. and abroad. As firms redefine themselves through such integration, we must also redefine the way we evaluate such firms.
2002
Data Administration Including Warehousing & Design (narrow topic or advanced)
2002
This paper applies a risk-adjusted return on capital (RAROC) framework to the financial analysis of the risk and performance of an insurance company. A case study is presented for a diversified insurer with both properly & casualty and life insurance business segments.
2002
This paper describes two common misapplications of internal rate of return (IRR) models in property-liability insurance ratemaking. These misapplications have contributed to the popular belief that the fair premium is heavily dependent on supporting surplus, leading casualty actuaries to devote much time and attention to techniques of surplus allocation.
2002
A technique is demonstrated for aggregating bivariate claim size distributions using a two-dimensional Fast Fourier Transform.
Three insurance applications are described in detail relating to: 1) individual risk rating, e) loss and allocated expenses, and 3)
Dynamic Financial Analysis.
2002
There's more than one way to skin a cat, and today's actuaries are discovering there's more than one way to price an insurance policy.
2002
Combining clinical insight with actuaries' understanding of mathematical patterns in the population works fairly well for predicting catastrophic risks in medical care. But it could work even better.
2002
This note investigates ways to fit individual claim loss data to a prior known "'underlying severity level" by adjusting the relative
importance, or weight, assigned to each claim. Here, "'underlying severity level" is measured by the weighted mean cost per case. The paper also generalizes the approach to accommodate fitting higher moments o f the loss distribution, especially the variance.
2002
This short note details how to match the mean and variance of any loss distribution on a finite interval to a Beta density, scaled to that interval.
2002
In this paper we consider Extreme Financial Events.
These events are much more common than conventional theory anticipates, and like geophysical extreme events have a number of key characteristics that are found over and over again in actual examples.
2002
This paper examines the asset allocation for a typical property & casualty insurer, and the effect of asset allocation changes on the NAIC Risk-Based Capital (RBC) requirements. The effect on performance measures such as Return on Equity (ROE), growth in capital and surplus, and the ratio of capital and surplus to RBC are studied in parallel to determine if RBC properly rewards good risk decision-making.
2002
This paper describes efforts to estimate the "portfolio effect" -- the diversification benefit from assembling a portfolio - by simulating the implied portfolio-level capital safety standard for various contract-level capital safety standards. The results showed that apparently aggressive contract-level capital standards still implied conservative portfolio-level capital safety standards.
2002
Schedule P is a complex section of the Annual Statement, demanding much expertise to complete and to understand. The cross checks performed by the NAIC compare the Schedule P figures within its various parts, with other pages of the Annual Statement, and with Schedule P data from the preceding year.
2002
Perhaps the most commonly accepted principle of modem property and liability insurance is that longer tailed lines of business are able to operate profitably at higher loss ratios, or almost equivalently higher combined ratios, than short tailed lines. A combined ratio of 120% might be devastating to an auto physical damage line of business but quite healthy for per occurrence excess liability reinsurance.
