Browse Research
Viewing 5176 to 5200 of 7695 results
1990
What is the purpose of your testimony? The purpose of my testimony is to demonstrate how the rate of return resulting from a particular rate may be calculated using the discounted return methodology and how it is used in the ratemaking process.
1990
Section 2: The Department Of Insurance Proposed Rollback Methodology and Proposed Prior Approval Methodology. Part A: The Rollback Methodology. The following text discusses the Department's proposed rollback methodology, as amended in its Preliminary Prayer (the Department's Prayer), and outlines the ways in which it is seriously flawed.
1990
How do you recommend that the Insurance Commission approach the definition of “Fair Rate of Return for the purpose of deciding which insurance companies are exempt from the 20% rate rollback mandated by Proposition 103? I recommend that the commissioner first establish a target rate of total return on net worth return that is comparable to fair rates of return for other industries of comparable risk. Testimony continues…
1990
In some states, workers compensation trends have reached proportions which are viewed skeptically, at best, by regulators and others. The task of determining the magnitude of the trend and demonstrating the accuracy of the trend calculation can be significantly eased if trends are analyzed by type of disability.
1990
In many reinsurance pricing situations it is not possible to determine a "correct" absolute price without making a large number of tenuous assumptions. Even so, in order to maximize a company’s profitability, it is important for the reinsurance actuary and underwriter to be able to choose the best contract terms among the achievable alternatives.
1990
In the present paper, different estimators of the Pareto parameter will be proposed and compared to each others. Credibility theory is used to get more stable estimators of for portfolios of excess of loss treaties with similar characteristics. At the end a special estimator of the risk premium for an unlimited excess of loss cover will be proposed.
Reinsurance Research - Loss Distributions, Size of
1990
Reprints of articles by Borch covering utility theory, competitive equilibria in insurance markets, optimal reinsurance, dividend policy, and more.
1990
In most textbooks and papers that deal with the stochastic theory of life contingencies, the stochastic approach is restricted to the computation of expectations and higher order moments. For a wide class of insurances on a single life, we derive the distribution and the probability density function of the benefit and the loss functions. Both the continuous and the discrete case are considered.
1990
This report is intended to explain discounting to those unfamiliar with the concept, to present information on its use, to bring together the arguments for and against discounting, and to offer appropriate recommendations. Solvency regulation, the Canadian tax structure, pricing ramifications, interest rate issues, use of discounting by the rest of the world, and administrative costs are considered.
1990
The Hartford Insurance Group employs a total return approach in ratemaking and performance measurement. This article descries the discounted return methodology used by the Hartford in measuring profit and setting prices based on a target return.
Determination of total income involves the consideration of the time value of money in conjunction with the investment period related to key cash flows.
1990
Data Administration Including Warehousing & Design (narrow topic or advanced)
1990
The play is in one act. All scenes take place in a hearing room at the California Insurance Department. The Commissioner's raised chair is in the center; the witness lectern is next to it. Both face the audience. The remaining chairs are divided between the two sides of the stage, facing center. Moderator: Tonight we have a musical comedy show called Cut My Rate. It will be performed by members of the CAS family.
1990
Treaty reinsurance excess pricing ideally consists of both an exposure rating and an experience rating. The problem is how to put them together to reach a final rate. This paper uses Hans Buhlmann’s 1967 least squares credibility formulation for computing the final rate.
1990
Chapter headings:
Prologue by Charles C. Hewitt, Jr.
Introduction
Historical Perspective
Review of Probability
Limited Fluctuation Credibility
Least Squares Credibility
Estimation of Credibility Parameters
Incorporating Risk Size
How Good Is Least Squares Credibility?
Further Topics
Conclusion
Postlogue by Charles C. Hewitt, Jr.
Table of Distributions
1990
Chapter headings:
Prologue by Charles C. Hewitt, Jr.
Introduction
Historical Perspective
Review of Probability
Limited Fluctuation Credibility
Least Squares Credibility
Estimation of Credibility Parameters
Incorporating Risk Size
How Good Is Least Squares Credibility?
Further Topics
Conclusion
Postlogue by Charles C. Hewitt, Jr.
Table of Distributions
1990
For a risk whose annual claim amounts are conditionally i.i.d, with respect to a risk parameter, it is known that the Bayes and credibility premiums are asymptotically optimal in terms of losses. In the present note it is shown that the Bayes and credibility premiums actually converge to the individual premium.
1990
Experience Rating is an essential part of the pricing of Workers' Compensation insurance. This monograph describes some of the actuarial tasks necessary to keep the plan functioning properly. The description is technical in nature, aimed primarily at the actuarial student.
The other essential part of pricing Workers' Compensation is rate making.
1990
Reinsurance Research - Pricing/Contract Design
1990
Many authors have criticized the chain ladder, or "development factor," model as over-parameterized. This paper does not deal with this criticism but does address other areas of concern for practitioners using the model.
Verrall approaches the problem of estimating the parameters of the linear (after log-transform) chain ladder model from a Bayesian perspective.
1990
Casualty actuaries commonly treat basic and increased limits ratemaking for liability insurance as two completely separate projects. Though this separation arises quite naturally, several inequities may arise from such an approach. This paper proposes a model that partially resolves from of these problems by deriving basic and increased limits rate indications simultaneously using a pure premium approach.
1990
This paper provides an introduction to asset pricing theory and its applications in non-life insurance. The first part of the paper presents a basic review of asset pricing models, including discrete and continuous time capital asset pricing models (the CAPM and ICAPM), arbitrage pricing theory (APT), and option pricing theory (OPT). The second part discusses applications in non-life insurance.
1990
This paper provides a critique of risk loading methods then in use and proposes that CAPM may provide an alternative.
Abstract:
Insurance companies are risk averse, even as individuals are. Casualty actuaries have suggested several methods of calculating risk load to compensate the insurer for the risk it accepts.
1990
The return on the marginal surplus committed to support the variability of a proposed reinsurance contract is used to derive an appropriate risk load for reinsures.
1990
Spring 1990 These files are in Portable Document Format (PDF), you will need to download the Acrobat Reader to view the articles. Table of Contents Download Entire Volume On Maximizing Profit Through Pricing Daniel Gogol Calculation of Experience Rating Values and Plan Parameters William R. Gillam
