Browse Research
Viewing 4751 to 4775 of 7690 results
1993
Merit rating is the use of the insured’s actual claim experience to predict future claim experience. This paper discusses merit rating for professional liability insurance for both individual doctors and group practices. The paper presents several different theoretical formulations for merit rating. Credibilities are stated in terms of the parameters of the risk process.
1993
Merit rating is the use of the insured's actual claim experience to predict future claim experience. This paper discusses merit rating for professional liability insurance for both individual doctors and group practices. The paper presents several different theoretical formulations for merit rating. Credibilities are stated in terms of the parameters of the risk process.
1993
Often the loss reserve analyst is required to estimate unpaid claim liabilities with less than optimal data. Small or start-up insurance companies my have only limited loss and exposure information or data processing support. Therefore, it may be necessary to supplement the company’s historical data with data from external sources in evaluating reserve requirements.
1993
Continuation of discussion from Part 1.Significant changes in the scope and working of loss reserve opinions were adopted by the NAIC for 1991. Of most importance, the scope of the opinion was expanded to address direct and assumed reserves, as well as, net reserves.
1993
Significant changes in the scope and working of loss reserve opinions were adopted by the NAIC for 1991. Of most importance, the scope of the opinion was expanded to address direct and assumed reserves, as well as, net reserves.
1993
Loss distributions are currently used by loss reserve analysts in special situations to estimate loss reserves. An example of a special situation is excess or catastrophe losses, where data is frequently sparse and traditional techniques are difficult to apply.
This session will discuss various models that have been used to analyze proper and casualty insurance data. The session will focus primarily on the pareto and lognormal distributions.
1993
A sound reserving approach for long tailed lines of business typically requires the application of several accepted actuarial techniques to a significant amount of data.
1993
This paper discusses the NCCI Special Call for Injured Worker Mortality Data and the ensuing analysis of that data. The design of the call companies' ability to supply elements of the call are discussed. The goal wan to see if the mortality of pensioned differs significantly from that of’ the general population. It does appear that, at least for ages below 60, the reported injured worker mortality rate is higher than reported on standard U.S.
1993
Data Administration Including Warehousing & Design (general or introductory)
1993
The NAIC is currently testing proposed formulas to establish Risk-Based Capital requirements for property-casualty insurance companies. These requirements will be based on a formula calculation of risks facing an individual company, including risks of adverse loss reserve development, inadequate pricing, and declines in asset values.
1993
Reinsurance Research - Pricing/Contract Design
1993
The ISO excess wind procedure is widely used by many companies. However, it has one major flaw. It depends on the loss history in the state to provide a true representation of the future expected wind experience. The procedure presented here removes this flaw. Modeling is used to augment history to yield more accurate wind expectations.
1993
Many actuaries today are still implementing old-fashioned methods on newfangled hardware. Unfortunately, the actuaries are just performing the old methods faster instead of devising new methods which better utilize the power of personal computers.
1993
Accuracy in forecasting expected loss costs may well be the most important determinant of the ultimate profitability of a cohort of property-liability insurance policies. The existing literature on claim cost forecasting focuses on the selection of the "best" forecasting model or method, discarding information provided by closely ranked alternatives.
1993
Reinsurance Research - Loss Distributions, Size of
1993
One out of five casualty actuaries is a consultant. Increasingly large numbers of casualty actuaries are practicing in small, independent consulting firms. The finances of these firms are based on the repetitive performance of technical work and are potentially predictable. A case study of a decade of income and expense data confirms their stable nature in aggregate, while revealing significant variation by source.
1993
Reinsurance Research - Pricing/Contract Design
1993
Reinsurance Research - Pricing/Contract Design
1993
The main source of industry data for excess loss development comes from the Reinsurance Association of America (RAA). The newly released RAA data by layer will be discussed, as well as, the existing reports. Particular to RAA data, issues related to the use of data and its limitations will also be reviewed.
1993
Reinsurance Research - Pricing/Contract Design
1993
With the recent Internal Revenue Service and NAIC interest in salvage and subrogation reserves, insurance companies must develop methods of estimating anticipated recoveries. This paper examines two traditional methods and proposes an adapted Bornhuetter-Ferguson method for the projection of salvage and subrogation recoveries.
1993
A review of the 10 Ks of major insurers suggest that certain costs associated with environmental type exposures are “not estimable.” However, actuaries are being asked to develop estimates of the costs arising from environmental hazards such as asbestos, lead, underground storage tanks, and toxic waste.
1993
There has been considerable discussion regarding the theoretical basis for insurance classifications and the calculation of classification rates. Rather than focusing on those issues, this paper presents some tests of the relative accuracy of competing rating methodologies.
