Browse Research
Viewing 4926 to 4950 of 7695 results
1992
GOOVAERTS and DE VYLDER (1983) provided a stable recursive algorithm for calculating the probability of ultimate rum. Their algorithm yielded bounds for this probability It is shown that in practice their method may be inherently unstable because it is based on the subtraction of nearly equal numbers. An alternative to this type of subtraction IS provided. It is proved that their algorithm converges only at a linear rate to the true value.
1992
A survey of methods attempted in the prediction of insurer insolvency, including IRIS tests and rating agency evaluations, and the introduction of some new ones, some using transformed beta distributions.
1992
The ISO excess wind procedure is widely used by many companies. However, it has one major flaw. It depends on the loss history in the state to provide a true representation of the future expected wind experience. The procedure presented here removes this flaw. Modeling is used to augment history to yield more accurate wind expectations.
1992
The main source of industry data for excess loss development comes from the Reinsurance Association of America (RAA). Other sources for excess development include Best’s Reinsurance Loss Reserve Development, ISO, the Pinto/Gogol paper on excess development, and the London Reinsurance Company Market Survey.
1992
Profit Factor, Rate of Return, Risk, Underwriting Cycle, New/Renewal Analysis
1992
The security of a reinsurer is important not only in selecting reinsurance, but must also be monitored continuously to assure continued collectibility. Both from a statutory accounting viewpoint and long-term solvency viewpoint, actuaries are becoming increasingly responsible for informing management of the security of the company’s reinsurance.
1992
Provides an overview of European Dynamic Solvency Models.
1992
The approximation of the individual risk model by a compound Poisson model plays an important role in computational risk theory.
1992
LOB-Auto Liability/Premium Analysis/Regulation
1992
The uncertainties normally associated with the reserving process are even greater when dealing with potential claims arising from exposure to asbestos, lead, radon or other hazardous materials. Toxic waste sites and leaking storage tanks also present unique loss reserving problems. It is extremely difficult if not impossible for an insurer or self-insurer to project their potential liabilities due to environmental type exposures.
1992
Data Administration Including Warehousing & Design (general or introductory)
1992
Loss reserving techniques generally have the implied assumption that perfect data exists. In practice, this assumption is rarely the case. This seminar will explore data issues in terms of identification of problems and possible adjustments, external audit procedures and responsibilities of both the actuary and the auditor. Actual examples of problems and solutions will be discussed.
1992
Data Administration Including Warehousing & Design (general or introductory)
1992
The paper examines a type of insurance contract for which secondary markets do exist, default risk insurance is implicit m corporate bonds and other risky debts It applies risk neutral martingale measure pricing to evaluate the option for a borrower with default risk, to prepay a fixed rate loan A simple "matchbox" example ~s presented with a spreadsheet treatment.
KEYWORDS C-I risk; C-3 risk; credit risk insurance, default risk; interest rate r
1992
This paper shows that the optimal credibility split between two estimators is related to how well each estimator predicts the underlying experience. First, an equation is shown which expresses the credibility assigned to each estimator in terms of the average prediction error of the other estimator and the average squared difference between the two estimators.
1992
To protect policy holders, healthy insurers need to have adequate loss reserves, strong capital bases and the ongoing ability to generate sufficient earnings to protect and build overall capitalization.
1992
LOB-Auto Physical Damage/LOB-Auto Liability/Territorial Rating
1992
The sensitivity of the ruin probability depending on the claim size distribution has been the topic of several discussion papers in recent ASTIN Bulletins. This discussion was initiated by a question raised by Schmitter at the ASTIN Colloquium 1990 and attempts to make further contributions to this problem. We find the necessary and sufficient conditions for fitting three given moments by diatomic and diexponential distributions.
1992
The primary reserve problem for an insurance company is the determination of an overall reserve estimate. However, it is often necessary that reserve estimates developed at a corporate level be allocated to sub-units of the company. Some common allocation situations involve the distribution of reserves to profit center, to state, or to agent.
