Abstract
The primary purpose of the Balcarek paper is to determine a critical combined loss and expense ratio (which he calculates to be 101.4) above which it becomes more profitable to abandon insurance operations and become solely an investment fund. The methodology employed is a comparative analysis between a hypothetical insurer with annual operating results equal to an average of the 1964-66 experience of stock insurers licensed in New York and a hypothetical investment fund that the insurer ostensibly could become if it so desired.
Volume
LVI
Page
49-52
Year
1969
Categories
Actuarial Applications and Methodologies
Valuation
Equity Valuation
Actuarial Applications and Methodologies
Valuation
Fair Value
Actuarial Applications and Methodologies
Valuation
Financial Performance Measurement
Actuarial Applications and Methodologies
Capital Management
Actuarial Applications and Methodologies
Investments
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Publications
Proceedings of the Casualty Actuarial Society
