Browse Research
Viewing 5126 to 5150 of 7695 results
1990
Classification ratemaking represents an important role of most actuaries. In order to increase stability when analyzing class
relativities it is customary to combine the premium and loss experience of several years as well as from more than one state. This paper examines the possible distortions that may be introduced when such combinations are made. Two scaling factors are presented which address the distortion that has been detected.
1990
Medical Malpractice, Experience Rating, Exposure Bases
1990
This paper examines the cross-sectional pricing equation of the APT using the elements of eigenvectors and the maximum likelihood factor loadings of the covariance matrix of returns as measures of risk.
1990
An alternative expression for the coefficients in the rum probability for the classical rum model with translated combination of exponential claims is derived.
Keywords: Probability of ruin, translated combination of exponentials
1990
Chapter headings:
Introduction
Relationship to Other Rating Mechanisms
Criteria for Selecting Rating Variables
Examples of Classification Systems
Measures of Efficiency
Estimating Class Relativities
Summary
1990
Chapter headings:
Introduction
Relationship to Other Rating Mechanisms
Criteria for Selecting Rating Variables
Examples of Classification Systems
Measures of Efficiency
Estimating Class Relativities
Summary
1990
Chapter headings:
Introduction
Basic Terminology
The Ratemaking Process
Trended, Projected Ultimate Losses
Expense Provisions
Profit and Contingencies
Overall Rate Indications
Classification Rates
Increased Limits
Summary
Ratemaking Questions for Discussion
Appendix
1990
Chapter headings:
Introduction
Basic Terminology
The Ratemaking Process
Trended, Projected Ultimate Losses
Expense Provisions
Profit and Contingencies
Overall Rate Indications
Classification Rates
Increased Limits
Summary
Ratemaking Questions for Discussion
Appendix
1990
Using Laplace transforms and the notion of a pseudo compound Poisson distribution, some risk theoretical results are revisited A well-known theorem by Feller (1968) and Van Harn (1978) on infinitely divisible distributions is generalized. The result may be used for the efficient evaluation of convolutions for some distributions.
1990
Over the past two decades, several pricing models that integrate underwriting and investment performance have been proposed or used to determine property-liability insurance rates. In general, these models have been test separately and only over a relatively limited time horizon.
1990
Over the past two decades, several pricing models that integrate underwriting and investment performance have been proposed or used to determine property-liability insurance rates. In general, these models have been tested separately and only over a relatively limited time horizon.
1990
This paper investigates potential problems of the Black-Scholes model (particularly its constant variance assumption). This paper shoes that more accurate price forecasts are obtained with a specific form of the constant elasticity of variance model.
1990
Many excess-of-loss reinsurance contracts contain non-proportional coinsurance clauses, where the ceding company is to pay a non-proportional share of losses without receiving a commensurate share of the reinsurance premium. Such clauses include aggregate deductibles, loss ratio caps or limited reinstatements, and loss corridor provisions.
1990
According to the Statement Of Principles Regarding Property And Casualty Insurance Ratemaking, consideration must be given to the impact catastrophes have on loss experience and procedures must be developed to include an allowance for the catastrophe exposure in the insurance rate. This paper offers an innovative approach to recognize Homeowners catastrophes potential.
1990
Average absolute (instead of quadratic) deviation from median (instead of expectation) is better suited to determine the safety loading for insurance premiums than standard deviation: The corresponding premium functionals behave additive under the practically relevant risk sharing schemes between first insurer and reinsurer.
Keywords: Premium principles; distorted probabilities.
1990
Above restricted to the situation in which only discretized epoch information is available.
1990
An IBNYR event is one that occurs randomly during some fixed exposure interval and incurs a random delay before it is reported. A previous paper developed a continuous-time model of the IBNYR process in which both the Poisson rate at which events occur and the parameters of the delay distribution are unknown random quantities; a full-distributional Bayesian method was then developed to predict the number of unreported events.
1990
Data Administration Including Warehousing & Design (narrow topic or advanced)
1990
How can the analysis of persistency patterns aid policy pricing and afford a competitive advantage to the discerning insurer? When setting rates to optimize long-term income, one should search for policyholders who are price conscious now, who will remain loyal to their insurance carrier, and who will turn profitable in the future. The carrier should offer premium discounts to attract these risks, and then reap the profits later.
1990
This paper describes the underlying assumptions and statistical evaluations used to develop the Revised Workers' Compensation Experience Rating Plan. This revision is being filed in all jurisdictions in which NCCI administers the Plan. In addition, it has been recommended to the independent jurisdictions. The foremost characteristic of the new plan is that it was thoroughly and objectively tested to see that its performance was optimal.
1990
This article, based on a result of Borch and an extension of Bohlmann, gives a complete characterization of Pareto optimal risk exchanges by a system of differential equations linking the derivate of agents contributions to their risk aversion coefficients. Keywords: Pareto optimal risk exchange; Bernoulli utility function, absolute risk aversion, system of differential equations.
