Browse Research
Viewing 6751 to 6775 of 7695 results
1958
The paper presented by Mr. Faust is a very timely one. In this period of unsatisfactory automobile liability loss ratios, there has
been considerable discussion in the industry about how to reduce the lag between the past loss experience used as a basis of ratemaking and the actual loss conditions which will exist during the time that the proposed rates will be effective.
1958
Many times an actuary is confronted with a problem for which no exact solution exists or for which the cost, in either time or money, of obtaining an exact solution makes it prohibitive. In such cases we often have an idea of the range within which the exact solution lies or we know that we will take some positive action if the solution is within certain bounds.
1958
Since the passage of the Safety Responsibility Law in New York State, an ever increasing proportion of the motorists have purchased 10/20 limits of coverage. Now, with the advent of compulsory insurance, 10/20 is a universal minimum. In spite of this, the Automobile Liability Manual sets 5/10 as the basic limits and, what is as important, quotes rates for 5/10 coverage, a virtual fiction under the present circumstances.
1958
Let's, be the maximum value of si and t, the minimum value of the angular coefficient of the straight line connecting the point
(si, Ai) with point (I, I), when i takes the values I, 2 ... n and the point (si, Ai) is taken to mean the vertex of the convex curve
representing the generating function of the i (th), favorable risk.
1958
Although actuaries have been connected with life insurance business for more than IOO years, it is only more recently that actuarial activities in the non-life branches have taken place. The problem of calculating level premiums for the steadily increasing risk in life insurance immediately calls for mathematical ability.
1957
The evaluation by Mr. Bondy of the effectiveness of the Rate Level Adjustment Factor in New York has stimulated considerable research on the part of the industry as well as in several State Departments.
1957
Mr. Bondy's paper discusses one of the elements in the ratemaking procedure for workmen's compensation insurance as used in New York and most other states. The Rate Level Adjustment Factor is a subject which has received the continuing study of ratemaking bodies and regulatory authorities alike, particularly during the past ten years.
1957
Mr. Elliott's interesting discussion reveals, among other things, that I have not gone into sufficient detail in describing the Neutral Zone formula. I shall attempt to do this in the following paragraphs.
1957
This paper demonstrates conclusively that compensation loss cost in Wisconsin per $100 of payroll is substantially lower than the corresponding loss cost in New York in spite of the fact that Wisconsin benefits are over all approximately on a par with New York benefits.
1957
Many volumes have been written covering the general subject of property insurance, with emphasis on underwriting, claims settlement, and contractual relationships, but little has been written on the processes involved in rating fire insurance and the subsequent revision of these rates.
1957
Mr. Simon's discussion of regression equations and of the need for continuously testing the homogeneous character of the data we are tabulating is more than just pertinent. It brings into effective focus an understanding of the substantial amount of detailed and continuous testing that is being carried forward in connection with these data. The purpose of these tests is twofold.
1957
Mr. Tapley's paper is very interesting and clearly presented. A second reading is strongly recommended because it will reveal a number of subtle points that may have been slighted in the first reading. The philosophy of the deficiency reserve approach is quite stimulating to the imagination and should provoke some interesting discussions among actuaries as well as within companies.
1957
As a given interval of time moves off into the past, the accidents happening in that time become reported to the insurance company, are estimated as to cost, re-estimated if necessary, and are eventually settled, or closed without payment. In the process, the aggregate incurred loss to the company from those accidents firms up into the ultimate figure. Mr.
1957
A risk who wishes to be self-insured to a degree, and whose size as measured by expected losses is sufficient to make it practicable, may elect to have his premium based in part on actual losses up to a specified limit.
1957
This paper, like Mr. Marshall's recent paper on Workmen's Compensation ratemaking, has been written primarily for actuarial students, particularly those who are preparing themselves for Part IV (b) of the Associateship Examinations of the Society, which covers the general principles of rate-making.
1957
A paper on automobile liability insurance ratemaking has been long overdue in appearing in the Proceedings of the Casualty Actuarial Society. Although the need for a paper on this subject has been felt for many years by students particularly, it is welcome as a basic reference for insurance men as well. That the task of writing the paper fell to Mr.
1957
Anyone who has worked in the field of Automobile Insurance Rate Making in the last few years is well aware of the necessity of having rates reflect loss costs actually incurred during the period of time that they are in effect. Although this is a perfectly obvious statement, underwriting results of recent years, especially in the Automobile Bodily Injury Liability field, eloquently demonstrate that this goal is rather elusive.
1956
Mr. Barney Fratello, the staff of the National Council on Compensation Insurance, its Actuarial Committee, and the Subcommittee of Departmental Technicians of the Workmen's Compensation Committee of the National Association of Insurance Commissioners are all to be commended for the part which each played in bringing to so successful a conclusion a project of this importance and magnitude.
1956
This paper describing the development and use of the Workmen's Compensation Injury and Standard Wage Distribution Tables is a most important one for workmen's compensation insurance.
