Abstract
This paper presents an approach to the estimation of loss costs by layer of insurance coverage. This method uses the log-normal probability distribution as a model for claim sizes. Although the approach has been successfully applied to several different lines of liability insurance, it may not be applicable to property insurance.
Volume
LXIII
Page
34-52
Year
1976
Categories
Business Areas
Reinsurance
Excess (Non-Proportional);
Actuarial Applications and Methodologies
Ratemaking
Increased Limits
Business Areas
Professional Liability
Medical Malpractice - Claims-Made
Business Areas
Professional Liability
Medical Malpractice -Occurrence
Financial and Statistical Methods
Loss Distributions
Severity
Publications
Proceedings of the Casualty Actuarial Society
Prizes
Woodward-Fondiller Prize