Browse Research
Viewing 5901 to 5925 of 7695 results
1980
Properties of individual willingness to pay for changes in mortality probabilities are examined using a decision-theoretic model. There is no unique value per life saved.
1979
The determination of optimal rules for sharing risks and constructing reinsurance treaties has important practical and theoretical interest. Medolaghi, de Finetti, and Ottaviam developed the first linear reciprocal reinsurance treaties based upon minimizing individual and aggregate variance of risk.
1979
At last, a paper applying microeconomic theory to the insurance industry! Mr. Brubaker's paper is extremely basic, and I wish he had carried his thought process further The result is a model which needs a great deal of additional work and refinement before it can even begin to approach reality Still, this is the first paper I recall in our Proceedings which applies economic theory to the insurance industry For that we owe Mr.
1979
It can hardly be disputed that inflation has become one of the biggest concerns and worries of the American public. Nor is it a secret that inflation rates in recent years have risen, become more erratic and, more often than not, defied control. The chance of returning to the inflation rates of the 1950's and 1960's appear slim, as economic forecasters are projecting an inflation rate of 6 to 7X for the next several years.
1979
Over the past several years a number of insurance companies have been formed by doctors, hospitals and lawyers to insure professional liability coverage. These companies typically operate in one state and write primarily one subline of insurance (i.e., professional liability). In addition, these companies may insure only a few thousand doctors, lawyers or hospital beds.
1979
Required capital and surplus has been a much debated problem for many years. Subjective factors, such as the caliber of management, ownership relations, underwriting standards, and future profitability of the company, have dominated such discussions. The quantifiable elements of this problem are numerous and extremely complex for the large insurance company.
1979
Much attention has recently been directed towards the subject of risk assessment in private passenger automobile insurance. In 1975, SRI International, a research organization, was commissioned to do a major study of insurance classification, or risk assessment.
1979
Reinsurance Research - Loss Distributions, Size of
1979
The premium calculation principle is one of the main objectives of study for actuaries. There seems to be full agreement among the leading theoreticians in the field that the insurance premium should reflect both the expected claims and certain loadings. This is true for policy, risk or portfolio.
1979
The homogeneous (in time) model of credibility theory is defined by a sequence of random variables
1979
Gerber has given a characterization of the exponential utility function by proving the fact that a premium calculation principle of zero utility is iterative if the underlying utility function is linear or exponential.
1979
We define axiomatically a concept of value for games without transferable utilities, without introducing the usual symmetry axiom.
1979
Random variables, sums of independent random variables, random sums, compound Poisson distribution, stochastic processes, Markov processes, diffusion processes, martingales, distribution of aggregate claims, premium calculation, credibility and experience rating, risk exchange and reinsurance, ruin theory, decision theory.
1979
One of the decisions to be made by a multiline property/liability insurance company is the amount of business to be written in each of its product lines. This decision should reflect the profitability of each line, but should also be based on the relative capital requirements for each line mix alternative, as it is likely that the company has only a limited amount of capital to be used in support of insurance operations.
1979
As interest rates have risen, so has the level of attention that regulators and other monitors of the insurance industry have paid to the concept of total return in the insurance industry. In determining total return, income from both underwriting and investments is considered.
1979
LOB-Auto Physical Damage, Territorial Rating
1979
LOB-Auto Physical Damage/LOB-Auto Liability
1979
Interest Rate Assumptions and the Relationship Between Asset and Liability Structure, SOA Study Note
1979
The insurance industry recognizes the need to develop improved ways of measuring the profitability of a given line of insurance.
1979
This paper concerns the Borch model of a reinsurance market seen as a model of an economy under uncertainty.
In a market of this type the good traded are unit coverings contingent to a particular state of nature (n-tuple of claims).
Our idea is to regard the probability of a stat of nature as a sort of intrinsic value of the related contingent covering.
1979
The paper presents very clearly an accounting model which combines all the components of an insurance operation and allows one to quite easily compare the profitability of different situations.
1979
The long title of this paper expresses the only, concept which will be discussed. However, in order to set-up all the relationships, it was necessary to review historical data.
1979
LOB-Auto Physical Damage
