Abstract
This paper presents a generalized notation in order to represent several actuarial rating values which are derived from loss distributions. Four functions are defined and then used to define various rating values such as Table M charges and savings, loss estimation ratios, increased limit factors, and excess loss premium factors. The notation has been adapted from a notation originally presented by R.J. Finger. Using this manner of presentation, a more unified approach to actuarial uses of loss distributions is possible. The paper should be of particular value to students of the Society.
Reinsurance Research - Loss Distributions, Size of
Volume
LXIX
Page
15-29
Year
1982
Categories
Actuarial Applications and Methodologies
Ratemaking
Deductibles, Retentions, and Limits
Actuarial Applications and Methodologies
Ratemaking
Increased Limits
Financial and Statistical Methods
Loss Distributions
Severity
Business Areas
Reinsurance
Publications
Proceedings of the Casualty Actuarial Society