Browse Research
Viewing 3076 to 3100 of 7690 results
2002
"Allfinanz" is the German expression used to describe an integrated financial services provider (Edwards [11]). Such allfinanz providers are becomingly increasingly common here in the U.S. and abroad. As firms redefine themselves through such integration, we must also redefine the way we evaluate such firms.
2002
Data Administration Including Warehousing & Design (narrow topic or advanced)
2002
This paper applies a risk-adjusted return on capital (RAROC) framework to the financial analysis of the risk and performance of an insurance company. A case study is presented for a diversified insurer with both properly & casualty and life insurance business segments.
2002
This paper describes two common misapplications of internal rate of return (IRR) models in property-liability insurance ratemaking. These misapplications have contributed to the popular belief that the fair premium is heavily dependent on supporting surplus, leading casualty actuaries to devote much time and attention to techniques of surplus allocation.
2002
A technique is demonstrated for aggregating bivariate claim size distributions using a two-dimensional Fast Fourier Transform.
Three insurance applications are described in detail relating to: 1) individual risk rating, e) loss and allocated expenses, and 3)
Dynamic Financial Analysis.
2002
There's more than one way to skin a cat, and today's actuaries are discovering there's more than one way to price an insurance policy.
2002
Combining clinical insight with actuaries' understanding of mathematical patterns in the population works fairly well for predicting catastrophic risks in medical care. But it could work even better.
2002
This note investigates ways to fit individual claim loss data to a prior known "'underlying severity level" by adjusting the relative
importance, or weight, assigned to each claim. Here, "'underlying severity level" is measured by the weighted mean cost per case. The paper also generalizes the approach to accommodate fitting higher moments o f the loss distribution, especially the variance.
2002
This short note details how to match the mean and variance of any loss distribution on a finite interval to a Beta density, scaled to that interval.
2002
In this paper we consider Extreme Financial Events.
These events are much more common than conventional theory anticipates, and like geophysical extreme events have a number of key characteristics that are found over and over again in actual examples.
2002
This paper examines the asset allocation for a typical property & casualty insurer, and the effect of asset allocation changes on the NAIC Risk-Based Capital (RBC) requirements. The effect on performance measures such as Return on Equity (ROE), growth in capital and surplus, and the ratio of capital and surplus to RBC are studied in parallel to determine if RBC properly rewards good risk decision-making.
2002
This paper describes efforts to estimate the "portfolio effect" -- the diversification benefit from assembling a portfolio - by simulating the implied portfolio-level capital safety standard for various contract-level capital safety standards. The results showed that apparently aggressive contract-level capital standards still implied conservative portfolio-level capital safety standards.
2002
Schedule P is a complex section of the Annual Statement, demanding much expertise to complete and to understand. The cross checks performed by the NAIC compare the Schedule P figures within its various parts, with other pages of the Annual Statement, and with Schedule P data from the preceding year.
2002
Perhaps the most commonly accepted principle of modem property and liability insurance is that longer tailed lines of business are able to operate profitably at higher loss ratios, or almost equivalently higher combined ratios, than short tailed lines. A combined ratio of 120% might be devastating to an auto physical damage line of business but quite healthy for per occurrence excess liability reinsurance.
2002
Data Administration Including Warehousing & Design (general or introductory); Written by the inventor of the data warehousing concept, this classic introduction has become the bible of data warehousing. A lot has changed in this technology since the last edition appeared in 1996.
2002
Since 1996, the Casualty Actuarial Society has issued a call for papers on one aspect or another of Dynamic Financial Analysis. In past years the calls have focused on the modeling of property/casualty companies. This year's call is the first to expand the focus of the call to DFA models that capture operations outside of the traditional property/casualty sphere.
2002
Highway safety involves more than educating drivers to avoid accidents. Today's much broader approach involves not only preventing crashes but also mitigating the consequences when collisions occur.
2002
Discussion of terrorism exposure post-September 11, 2001 losses. How can insurance industry estimate future exposures and handle them? The article addresses terrorism exclusions and possible federal backup.
2002
Schedule F discloses an insurers reinsurance transactions for both ceded business and assumed business. It is one of the most complex schedules in the Annual Statement, having grown from its original focus on unauthorized reinsurance to cover overdue loss recoverables, amounts in dispute, and a restatement of the statutory balance sheet.
