Browse Research
Viewing 6151 to 6175 of 7695 results
1974
There is no disagreement with the reviewers’ observation that the loss ratio method can yield the exact same answer as the pure premium method, given the same degree of statistical detail available under both. However, one of the principal advantages of the loss ratio method, namely, its simplicity of application. can he a potential drawback.
1974
Investment Income, Auto Liability, Auto Physical Damage
1974
The statistical theory of extreme values well described by Gumbel [I] has been fruitfully applied in many fields, but only in recent times has it been suggested in connection with fire insurance problems. Tim's idea originally stemmed from a consideration of the ECOMOR reinsurance treaty proposed by Thepaut [2]. Thereafter, a few papers appeared investigating the usefulness of the theory in the calculation of an excess of loss premium.
1974
A common procedure for experience rating is to use Whitney's credibility formula with the manual premium per risk unit estimated by the observed average claim amount per risk unit. As pointed out by Whitney himself, this observed average also needs to be subjected to credibility adjustment.
1974
In this paper, we are interested in a model related to a number of periods of Company's activity.
1974
The credibility formula used in casualty insurance experience rating is known to be exact for certain prior-likelihood distributions, and is the minimum least-squares unbiased estimator for all others.
1974
Mr. Hurley stated his partialities for the fire insurance ways. We all might share his feeling after reading, for example, Best’s Review for January 1974 “The 1969-1973 statutory underwriting gain for fire is the best five year dollar record of any line of business written by the stock insurers . . . and . . .
1974
Mr. Hurley’s paper fills a major void in the educational material available in our Proceedings on the subject of basic ratemaking techniques. The latest general treatment of fire insurance rate revision procedures appeared sixteen years ago. A comparison of the methods described by Hurley in 1973 with those set forth by Magrath in 19.58 reveals the obvious improvements made over that period. Nevertheless, the student who studies Mr.
1974
It was a happy stroke that the reviewers, Messr. Amlie and Schneiker, while neither neglected an overview of the paper, each singled out somewhat different aspects for critical analyses and further commentary thereon.
1974
Tile increasing difficulties facing tile insurer when he measures certain risks and fundamentally when that measurement has to be carried out "a priori" are not easily overcome. Thus, tile greater part of the insurance companies still use in numerous branches subjective methods of assessing a risk, which unfortunately do not lead to the best results.
1974
Revising a classification structure requires both underwriting judgment and an analysis of statistical data. The data can be used to estimate the loss experience of the various proposed classifications and to compare it with the loss experience of the existing classifications.
1974
This paper evaluates alternative measures for mitigating losses to residential structures from natural disasters. The first part focuses on the effect of liberalized federal disaster relief policies on the types of structures which will be built in hazard-prone areas. Both physical...
1973
Messrs. Beckman and Tremelling have addressed themselves to a question which is of fundamental importance to the insurance industry. The determination of the appropriate relationship between net written premium and policyholders’ surplus could provide a key to the problems of pricing, profitability and capacity.
1973
Mr. Beckman and Mr. Tremelling conclude from historical evidence that the premium-surplus relationship is unstable and does not show long-term trends. They further conclude that policyholders’ surplus has been the volatile element of the ratio primarily because of fluctuations in the stock market.
1973
The paper recently presented by Beckman and Tremelling has opened the door on a variety of questions which have not been previously discussed in the Proceedings. This review of that paper addresses some of the more interesting questions which were left unanswered. There is no attempt made here it retill the ground covered by Beckman and Tremelling.
1973
Information relating to tile expected number of losses is of importance in automobile insurance systems. The distribution of risks by number of losses per year may be based on the following model
1973
Our Society is singularly indebted to Mr. McClure for his papers on nuclear energy insurance. His previous paper chronicled for the future student the first decade of the insurance industry's truly remarkable response to the economic and social challenges posed by the peace-time use of nuclear energy.
1973
Proper loss and loss expense reserves are vital for an insurance company, both for financial security and for the production of accurate income statements. The readings for the loss reserving section of the Casualty Actuarial Society examinations describes dozens of different methods for estimating loss and loss expense reserves. Some of these methods are in common use, others are not used at all.
1973
Loss Adjustment Expenses, Loss Development, IBNR
1973
This will not be a very spicy review. I have been unable to find the one mandatory flaw which, despite all succeeding praise, puts the logical flow of the paper in question. To the contrary, I find the authors' suggested treatment of Incurred But Not Reported Losses altogether congenial. So much so that I shall simply give four varyingly garrulous comments and pose one question.
