Browse Research
Viewing 3376 to 3400 of 7690 results
2000
This report summarizes the authors’ review o the actuarial and finance literature on the subject of risk adjustments for discounting liabilities in property-liability insurance.
2000
This paper provides a general overview of ways in which provider profiling can be used in developing, maintaining, and evaluating workers compensation managed care programs. It discusses some of the practical challenges that actuaries in actually developing such profiles and using them.
2000
The development of a complete financial structure including balance sheet, income and cash flow statements, coupled with conventional accounting and economic valuation rules, provides the foundation from which risk-adjusted discount rates and liability betas can be determined.
2000
The key questions that will be addressed in this paper are: 1.) Is there a correlation between credit history and expected personal lines loss performance?
2.) If so, which specific criteria within a credit file are indicative of abnormal loss performance (favorable or unfavorable)?
3.) If this correlation exists, is it merely a proxy, i.e., is the correlation actually due to other characteristics (which may already be underwritten for or agai
2000
In 1978, to guide actuaries on their responsibilities, the American Academy of Actuaries adopted Financial Reporting Recommendation (FRR) 8, Statement of Actuarial Opinion for Fire and Casualty Insurance Company Statutory Annual Statements, along with Interpretations 8-A, 8-B, and 8-C.
In order to replace Recommendation 8 and its Interpretations and to provide more consistent guidance to actuaries, the Actuarial Standards Board determined that t
2000
A claims reserving method is reviewed which was introduced by Gunnar Benktander in 1976. It is a very intuitive credibility mixture of Bornhuetter/Ferguson and Chain Ladder. In this paper, the mean squared errors of all 3 methods are calculated and compared on the basis of a very simple stochastic model.
2000
Link ratio techniques can be regarded as weighted regressions. We extend these regression models to handle different exposure bases and modeling of trends in the incremental data, and we develop a variety of diagnostic tools for testing the assumptions of these models.
2000
The causes of insurance cycles and liability crises have been vigorously sought, claimed, and debated by academic investigators for years. The model provided here partially synthesizes several stands of this literature and provides an additional cause.
2000
[Discussion begins on page 25 of PDF.]
2000
[Discussion begins on page 11 of PDF.]
2000
[Discussion begins on Page 26 of PDF.]
2000
[Discussion begins on page 27 of PDF.]
2000
[Author's Reply begins on page 30 of PDF.]
2000
[Author's Reply begins on page 13 of PDF.]
2000
Multiple Peril Crop Insurance (MPCI) is a unique public/private market insurance product. This paper is intended to provide an introduction to the MPCI ratemaking process, as well as a discussion of some of the political and economic forces affecting the program.
2000
Insurance companies strive to distinguish themselves from their competitors. One way of doing so is to refine the rating plan so that it more precisely estimates the appropriate rate for each risk. This refinement process adds complexity to the rating plan and in turn makes the measurement of changes to the individual components of the rating plan (the classifications) more difficult.
2000
The basic components of the risk/return model applicable to insurance consist of underwriting return, investment return and leverage. A pricing approach is presented to deal with underwriting and investment risk, guided by basic risk/return principles, which addresses the policyholder and shareholder perspectives in a consistent manner.
2000
The application of computer simulation to the estimation of environmental pollution costs for inactive hazardous waste sites is presented. The various modules of the pollution costs simulation model (PCSM) are described, with the flow of costs traced from remedial action at EPA and state-administered sites through to insureds in the form of potentially responsible parties (PRPs), and finally to the application of coverage defenses.
2000
Actuarial analysis can be viewed as the process of studying profitability and solvency of an insurance firm under a realistic and integrated model of key input random variables such as loss frequency and severity, expenses, reinsurance, interest and inflation rates, and asset defaults. Traditional models of input variables have generally fitted parameters for a predetermined family of probability distributions.
