Abstract
Three-dimensional geometry and calculus are useful conceptual and analytical tools for working with valuations of insurance statistics. Geometry can be used to provide a pictorial representation of a database and illustrate differences between calendar, exposure/accident and policy year concepts. Calculus can be used to estimate on-level, trended and developed statistics used in ratemaking and reserving. Also, three dimensions lead to several practical two-dimensional methods when the generality of three dimensions is not required.
Volume
Winter
Page
391 - 402
Year
2006
Categories
Actuarial Applications and Methodologies
Ratemaking
Exposure Bases
On-level Adjustments
Financial and Statistical Methods
Statistical Models and Methods
Data Visualization
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Publications
Casualty Actuarial Society E-Forum
