Browse Research
Viewing 3876 to 3900 of 7690 results
1998
Recently much attention has been given to the approaches insurers undertake in valuing their liabilities and assets. For example, in 1994 the American Academy of Actuaries created a Fair Valuation of Liabilities Task Force to address the issue [see Doll et al. (1998), Reitano (1997),
Babbel (1997, 1998b), Babbel and Merrill (1996), and Merrill (1997)].
1998
Current formulas in credibility theory often estimate expected claims as a function of the sample mean of the experience claims of a policyholder. An actuary may wish to estimate future claims as a function of some statistic other than the sample arithmetic mean of claims, such as the sample geometric mean. This can be suggested to the actuary through the exercise of regressing claims on the geometric mean of prior claims.
1998
Bonus-malus is a merit-rating technique used in most of Europe and Asia, and some Latin American and African countries. Policyholders from a given risk cell are subdivided into bonus-malus classes. Their claims histories then modify the class upon each renewal. Markov chain theory provides the tools for the design, evaluation, and comparison of these systems.
1998
A common characteristic for many insurance risks is the right-tail risk, representing low-frequency, large-loss events. In this paper I propose a measure of the right-tail risk by defining the right-tail deviation and the right-tail index. I explain how the right-tail deviation measures the right-tail risk and compare it to traditional measures such as standard deviation, the Gini mean, and the expected policyholder deficit.
1998
A new approach is proposed for monitoring health-care costs to help in cost containment efforts. This informative essay is intended to provide information on and stimulate discussion of ways of improving the health-care management process.
Data that are being collected by insurers and providers could be used to analyze and improve the health-care process.
1998
Financial risk is moving to center stage in the $1-trillion U.S. health-care market. The growth of managed care has created new forms of risk and has shifted this risk from insurance companies, which have long dealt with it successfully, to health-care providers and other organizations that have not traditionally accepted the same type and amount of risk.
1998
This paper aims to engender an awareness of the psychological, technological, and operational obstacles which confront actuaries throughout the reserving process, preventing them from developing appropriate best estimates.
1998
Tort reforms are generally difficult to evaluate because historical claim loss data are rarely available in a format to facilitate analysis and because the tort reform itself may change plaintiff's behavior in a way that renders historical data unpredictive of the future. In this paper we describe our attempt to calculate the effects of tort reform in Texas using a combination of claims data, focus group information and judgment.
1998
The mathematics of excess of loss coverages and retrospective rating involves heavy algebra, mainly because the indemnity payment under such contracts assumes different functional forms in different parts of the loss size dsitribution.
1998
Textbook used for Exam 5
Chapters on:
Building and Personal Property Coverage
1998
Textbook used for Exam 5 - Chapters on Liability Loss Exposures and Commercial General Liability Insurance
1998
This article presents an explicit formula for the value of a withdrawal benefit when the times of death and withdrawal are dependent. The derivation is based on an actuarial equivalence principle.
1998
Keywords: Health Maintenance Organizations (HMO’s)
