Browse Research
Viewing 4126 to 4150 of 7690 results
1997
The income tax burden placed upon a property-liability insurance company creates a variable liability with profound effects on the functioning of the enterprise. It directly affects product pricing and asset investment policies, and therefore, the potential profitability of the insurer.
1997
Keywords: Health Care Reform
1997
Keywords: Preferred Provider Organizations (PPO’s)
1997
There are a number of popular actuarial methods in wide use which estimate ultimate claims costs from data in loss development triangle format. The typical actuarial reserve analysis shows the application of several methods to the data, with little other description of the nature of the world. The popular methods rely on assumptions that may not be consistent with the facts in any given case.
1997
This paper discusses the application of S-Curve modeling for estimating certain environmental and mass tort liabilities. Emphasis is placed on pollution and asbestos liabilities, which are a significant component of the total environmental and mass tort liabilities for many insurance companies and manufacturers.
1997
The use of an Annual Aggregate deductible by a reinsurer can cause inconsistencies in loss development and incorrect IBNR reserves. This paper describes how AAD business can be added to non AAD business with the combined used to select loss development factors and estimate IBNR reserves when using a chain ladder or Bornhuetter/Ferguson method.
1997
When commuting workers' compensation reinsurance claims, the standard method is to project the future value of the claims using stated assumptions for future medical usage, medical inflation, COLA's and investment income. The actuary selects a best guess for each variable, and assumes this deterministic number will be realized in the future.
1997
This paper will describe managed car and explain how managed care affects workers compensation rates. In the following sections of our paper, we will define the term managed care and summarize some recent studies measuring the impact of managed care savings. We will then describe approaches which healthcare providers and insurers use to price capitated products.
1997
Special Topics (narrow topic or advanced); When Hurricane Andrew slammed into the Florida coastline in August 1992, it was the crowning event in a run of more than $35 billion in catastrophe losses experienced by the property-casualty insurance industry during the preceding four years-more than the industry had experienced in the preceding two decades. The losses are staggering - and continuing.
1997
The Insurance Expense Exhibit (lEE) provides a statutory allocation of investment income to lines of business, thereby measuring the underlying profitability of the insurance operations.
1997
Estimates of the cost of equity for industries are imprecise. Standard errors of more than 3.0% per year are typical for both the CAPM and the three-factor model of Fama and French (1993). These large standard errors are the result of(i) uncertainty about true factor risk premiums and (ii) imp ecise estimates of the loadings of industries on the risk factors. Estimates of the cost of equity for firms and projects are surely even less precise.
1997
In this article we introduce a relatively new method for deciding contingency provisions in insurance ratemaking by the use of proportional hazard (PH) transforms. This method is easy to understand simple to use, and supported by theoretical properties as well as economic justification.
1997
In response to increasing healthcare costs and threats from the public sector to play a larger role in the delivery of healthcare products. the private sector has worked frantically to provide more efficient healthcare services. As a result, managed care continues IO grow in appeal and scope. The organizations participating in the managed care process come in many forms, entering and exiting at various points in the delivery process.
1997
This paper establishes criteria to determine the key differences in healthcare liability expose among the various managed care
organizations. A description and assessment of the relative liability exposure for the major types of managed care organizations are then developed using these primary criteria.
1997
The purpose of this paper is to provide guidelines to be used in designing and managing data systems in the following areas: collection of data, ensuring the quality of data, ratemaking, reserving, underwriting, marketing, claims, financial analysis and investments.
Other keywords: data management, data collection, data quality
1997
Special Topics (narrow topic or advanced); Geographic location is a significant element of information for most businesses, including casualty insurance. Our costs are known to vary by location, competitive prices vary by location, and susceptibility to catastrophic loss varies by location.
1997
The number of firms retaining part of their workers compensation exposure has grown dramatically over the last 5 to 10 years. It is important that firms fund and reserve for their retained exposure so that their balance sheet and income statements are accurate. This paper outlines several methods that can be used to establish funding levels for self-insured employers.
1997
Fama and French (1992) document a significant relation between firm size, book-to-market ratios, and security returns for nonfinancial firms. Because of their initial interest in leverage as an explanatory variable for security returns, Fama and French exclude from their analysis financial firms, thus creating a natural holdout sample on which to test the robustness of their results.
