Browse Research
Viewing 5051 to 5075 of 7690 results
1991
This report is largely a survey of the background to the main types of latent claims currently being faced by UK insurers, reinsurers and syndicates, together with some suggested approaches to reserving for such claims. We also conducted a survey of reserving practices, which is included.
1991
The Joint Policy Statement discusses the circumstances under which an actuary and an auditor would use the work of the other in carrying out their respective responsibilities with respect to financial statements. It describes the appropriate manner of interaction in carrying out their responsibilities, as well as proper disclosure of their responsibilities to readers of financial statements.
1991
Classifications/LOB-Auto Physical Damage
1991
Data Collection & Statistical Reporting (general or introductory)
1991
The paper discusses the NCCI Special Call for Injured Worker Mortality data and the ensuing analysis of that data. The design of the call and the company's ability to supply elements of the call is discussed.
The goal was to test the hypothesis that the mortality of pensioned workers differs significantly from that of the general population. Because of ambiguities in the data, the hypothesis cannot be accepted or rejected.
1991
The major claims problems facing London Market companies and Lloyd's syndicates arise from the deterioration of casualty claims, including asbestos and pollution, or a large property catastrophe, such as a hurricane or earthquake. This paper hypothesizes a US hurricane landing in Florida. The company will face losses from a variety of classes in its business profile.
1991
In this paper we give a recursive scheme, involving Panjer's recursion, to compute the distribution of a compound sum of integer claims, when the number of summands follows a Generalized Poisson distribution. Also, an elegant derivation is given for some basic properties of this counting distribution.
1991
General/LOB-Environmental Impairment Liability
1991
Two types of variations from negative binomial frequency are considered: mixtures of Poisson other than Gamma, and Poisson parameters that change over time. Any severity distribution can be used instead of the Gamma as a mixing distribution, and Bayesian estimators are easy to calculate from the mixed probabilities. In the case of changing frequencies over time, the Gerber-Jones model is illustrated for calculating credibilities.
1991
Instead of determining for a fire insurance portfolio the loss distribution purely based on the claims experience, we try to determine it based on the sums insured.
Reinsurance Research - Loss Distributions, Size of
1991
This paper discusses distribution of surplus in life insurance within a general Markov chain framework. A conservative interest rate and a conservative set of transition intensities are used for reserving purposes whereas more realistic assumptions are used for the purpose of distributing surplus. The paper examines various actuarial aspects of distributing surplus through either cash bonuses, terminal bonuses or increased benefits.
1991
The author was involved in a study of the analytical procedures and assumptions for the distribution of pension benefits on divorce. The purpose of the study was (1) to review the positions that the courts have taken; (2) to organize them within an analytical framework; and (3) to identify and articulate the unresolved issues which impede the court’s ability to render economically unbiased decisions.
1991
Data Administration Including Warehousing & Design (general or introductory)
1991
The authors present a time series model wherein trend and seasonality factors are allowed to change over time. This is in contrast to the usual Bühlman Straub model wherein trend and seasonality are assumed to be constant. As expected, their model has the Bühlman Straub model as a special case. It appears that their methods tend to provide greater forecast accuracy than the Bühlman Straub approach.
1991
This survey paper presents the basic concepts of cooperative game theory, at an elementary level. Five examples, including three insurance applications, are progressively developed throughout the paper The characteristic function, the core, the stable sets, the Shapley value, the Nash and Kalai-Smorodlnsky
1991
This lively and wide-ranging article explores the philosophical battles among Bayesians, classical
statisticians (frequentists), and a third group, termed the Fisherians. At this writing, no clear winner has emerged, although the frequentists may currently have the upper hand.
The article gives examples of the approach to estimation of the mean of a distribution by each camp, and some problems with each approach.
1991
Schedule P is a complex document, requiring careful preparation for its completion and sophisticated analysis for its use.
1991
Recent requirements passed in Canada require certification of loss and policy reserves for Insurance companies licensed to conduct business In Canada. Since many U.S. insurance companies operate branches or subsidiaries In Canada, these requirements Impact many Fellows of the Casualty Actuarial Society practicing in fife U. S. This paper summarizes the current requirements for certifying and reporting on these reserves.
1991
Reinsurance Research - Pricing/Contract Design
1991
The paper describes the motor market in Italy and the impact that the EC directive may have over the next few years. The structure of the rating system, the level of tariffs deductibles, cover and policy duration are also described. Currently the third party motor tariffs are controlled by the State and the paper describes the methodology used by the Filippi committee to determine the level of the Bonus-Malus Tariff.
1991
The Valuation of Property-Casualty Companies and Appraisal Value work generally are areas where actuaries are increasingly becoming involved. Appraisal Values are also increasingly being used in mergers and acquisitions many of which are international in nature.
1991
This paper is presented in two parts. The first part provides the reader with an overview of the London Market. The main participants in the market, the type of business written, methods of placing business and some aspects of accounting conventions are described. The role of the actuary is also described.The second part of the paper then focuses on reserving in the market. Potential problems and limitations of data are described.
