Browse Research
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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
1979
Auto Liability, Auto Physical Damage, Profit Factor, Rate of Return, Risk
1979
Since that fateful day in 1967 when Irving H. Plotkin burst upon the insurance scene I, the insurance industry has been treated to an awesome swirl of new ideas, concepts and intellectual, as well as operational, challenges. Reactions have ranged from outrage that the hallowed truths of our forefathers should even be questioned, to prompt assimilation because "that's what I've been thinking all along".
1979
Beginning In the mid-1960's, Increasing regulatory and scholarly attention has been focused on the insurance rate review process with particular emphasis on the determination of fair profits for Insurance companies.
1979
Another view of profit in a free enterprise system is that profit is a reward for uncertainty and risk. Certain elements of profit are also viewed as additional premiums for risk bearing, or as compensation for aversion to risk for risky industries. It is within the framework of these three views of profit that we will consider the total return due a property/casualty insurance company.
1979
Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Liabilities
The purpose of this statement is to provide general guidelines for the use of actuaries engaged m the establishment and review of loss and loss adjustment expense reserves. I t is a statement of the Casualty Actuarial Society's Committee on loss Reserves. The statement consists of three parts.
