Browse Research
Viewing 5051 to 5075 of 7695 results
1991
Mortgage Indemnity Guarantee (MIG) Insurance is a class of business which appears to have received relatively little actuarial attention in the past, although it has been transacted for a considerable number of years.
1991
Reinsurance Research - Loss Distributions, Size of
1991
Loss reserve opinions have become one of the most common public pronouncements made by casualty actuaries today. From their introduction in 1980 in a select number of states to sir current requirement as part of the 1990 annual statement instructions, non-life loss reserve opinions have become common place in U.S. insurance markets. However, the role and acceptance of the non-life actuary vary significantly outside the U.S.
1991
In a recent column in the National Underwriter, the new President of the NCCI, Bill Hager, predicted a "meltdown" of the private workers compensation insurance industry within the next two years unless significant changes take place.
1991
This report is largely a survey of the background to the main types of latent claims currently being faced by UK insurers, reinsurers and syndicates, together with some suggested approaches to reserving for such claims. We also conducted a survey of reserving practices, which is included.
1991
The Joint Policy Statement discusses the circumstances under which an actuary and an auditor would use the work of the other in carrying out their respective responsibilities with respect to financial statements. It describes the appropriate manner of interaction in carrying out their responsibilities, as well as proper disclosure of their responsibilities to readers of financial statements.
1991
Classifications/LOB-Auto Physical Damage
1991
Data Collection & Statistical Reporting (general or introductory)
1991
The paper discusses the NCCI Special Call for Injured Worker Mortality data and the ensuing analysis of that data. The design of the call and the company's ability to supply elements of the call is discussed.
The goal was to test the hypothesis that the mortality of pensioned workers differs significantly from that of the general population. Because of ambiguities in the data, the hypothesis cannot be accepted or rejected.
1991
The major claims problems facing London Market companies and Lloyd's syndicates arise from the deterioration of casualty claims, including asbestos and pollution, or a large property catastrophe, such as a hurricane or earthquake. This paper hypothesizes a US hurricane landing in Florida. The company will face losses from a variety of classes in its business profile.
1991
In this paper we give a recursive scheme, involving Panjer's recursion, to compute the distribution of a compound sum of integer claims, when the number of summands follows a Generalized Poisson distribution. Also, an elegant derivation is given for some basic properties of this counting distribution.
1991
General/LOB-Environmental Impairment Liability
1991
Two types of variations from negative binomial frequency are considered: mixtures of Poisson other than Gamma, and Poisson parameters that change over time. Any severity distribution can be used instead of the Gamma as a mixing distribution, and Bayesian estimators are easy to calculate from the mixed probabilities. In the case of changing frequencies over time, the Gerber-Jones model is illustrated for calculating credibilities.
1991
Instead of determining for a fire insurance portfolio the loss distribution purely based on the claims experience, we try to determine it based on the sums insured.
Reinsurance Research - Loss Distributions, Size of
1991
This paper discusses distribution of surplus in life insurance within a general Markov chain framework. A conservative interest rate and a conservative set of transition intensities are used for reserving purposes whereas more realistic assumptions are used for the purpose of distributing surplus. The paper examines various actuarial aspects of distributing surplus through either cash bonuses, terminal bonuses or increased benefits.
1991
The author was involved in a study of the analytical procedures and assumptions for the distribution of pension benefits on divorce. The purpose of the study was (1) to review the positions that the courts have taken; (2) to organize them within an analytical framework; and (3) to identify and articulate the unresolved issues which impede the court’s ability to render economically unbiased decisions.
1991
Data Administration Including Warehousing & Design (general or introductory)
1991
The authors present a time series model wherein trend and seasonality factors are allowed to change over time. This is in contrast to the usual Bühlman Straub model wherein trend and seasonality are assumed to be constant. As expected, their model has the Bühlman Straub model as a special case. It appears that their methods tend to provide greater forecast accuracy than the Bühlman Straub approach.
1991
This survey paper presents the basic concepts of cooperative game theory, at an elementary level. Five examples, including three insurance applications, are progressively developed throughout the paper The characteristic function, the core, the stable sets, the Shapley value, the Nash and Kalai-Smorodlnsky
1991
This lively and wide-ranging article explores the philosophical battles among Bayesians, classical
statisticians (frequentists), and a third group, termed the Fisherians. At this writing, no clear winner has emerged, although the frequentists may currently have the upper hand.
The article gives examples of the approach to estimation of the mean of a distribution by each camp, and some problems with each approach.
1991
Schedule P is a complex document, requiring careful preparation for its completion and sophisticated analysis for its use.
