Browse Research
Viewing 5151 to 5175 of 7690 results
1990
Minimax estimation procedures for the mean vector of a distribution on a compact set under squared error type loss functions are considered. In particular, a Dirichlet process prior is used to show that a linear function of .X is a minimax estimator in the class of all measurable estimators and all possible distributions. This effort extends some earlier work of Bohlmann to a more general setting.
1990
Chapter headings:
Introduction
Accounting Concepts
Claim Department Reserving Activity
An Actuarial Model of Loss Development
Loss Reserving Definitions
Data Availability and Organization
Reserve Estimation Strategy
Exploratory Data Analysis
Loss Reserve Estimation Methodologies
Loss Adjustment Expenses
Evaluation of Ultimate Loss Estimates
Miscellaneous Topics
1990
Chapter headings:
Introduction
Accounting Concepts
Claim Department Reserving Activity
An Actuarial Model of Loss Development
Loss Reserving Definitions
Data Availability and Organization
Reserve Estimation Strategy
Exploratory Data Analysis
Loss Reserve Estimation Methodologies
Loss Adjustment Expenses
Evaluation of Ultimate Loss Estimates
Miscellaneous Topics
1990
Chapter headings:
Investment Income
Investment and Tax Strategies
Rate of Return Measures
Impact of Investment Income on Pricing
1990
Data Collection & Statistical Reporting (general or introductory)
1990
Chapter headings:
Introduction
Prospective Systems
Retrospective Rating
Designing an Individual Risk Rating System
Summary
1990
Chapter headings:
Introduction
Prospective Systems
Retrospective Rating
Designing an Individual Risk Rating System
Summary
1990
Commercial lines prospective individual risk rating plans utilize the individual risk's own loss experience as one input into the determination of the premium charge for that risk. For long tail coverages such as General Liability, an accurate estimate of the
risk's ultimate losses is an important and necessary pricing element. Current plans utilize IBNR estimates which are based on either the risk's known losses or the risk's expected losses.
1990
In this paper, the model of De Vylder (1982) has been slightly improved upon and generalized. In De Vylder's model one assumption does not seem to be realistic in many cases and another is not satisfactory from a theoretical point of view. The model presented here has been found to be a special case of the credibility model of Bühlmann and Straub.
1990
The amount of rate classification (rate dislocation) experienced by individual insureds when a rating variable is eliminated depends on the rate relativity associated with the factor and with its distribution. In may be possible to introduce a surrogate rating variable to replace the one eliminated which reduces the total rate dislocation in the system.
1990
This paper gives a detailed account of the entire homeowners ratemaking procedure from adjusting premium and losses to spreading the statewide indicated rate level change by territory. Many traditional techniques, such as adjusting the data to a common deductible and tempering premium trend, are discussed in terms of their appropriateness to certain situations.
1990
This paper presents the basic ratemaking techniques used for Homeowners pricing. Development of the statewide indications for the buildings forms is presented. This is followed by the necessary modifications for the development of the indications for the contents forms. Two techniques for developing territorial indications are then presented. Brief discussions of the other rating factors and expense flattening are given.
1990
Fuzzy set theory is a recently developed field of mathematics that introduces sets of objects whose boundaries are not sharply defined.
1990
LOB-Flood
1990
Chapter headings:
Investment Income
Investment and Tax Strategies
Rate of Return Measures
Impact of Investment Income on Pricing
1990
Many insurers and rating bureaus use "expense flattening" procedures to allocate insurance expenses to policyholder classifications. High risk insureds with large expected pure premiums, do not necessarily cause higher "general and other acquisition" expenses. Flattening the expense loading reduces total premium for high loss cost policyholders, thereby
enhancing equity and alleviating affordability problems. Such is the theory.
1990
Total Return Ratemaking. A basic principle of the methodologies I propose is that they involve consideration of an insurer's total return on equity or surplus. The reason for this is that such methodologies look at an overall picture of a company.
1990
The Commissioner's Protocol. Purpose of Protocol Forms. Attached to this Declaration is a set of eight forms, including instructions, that I suggest the Commissioner adopt as her protocol to determine if an exemption from the Rollback requirement should be granted.
1990
Why is the approach that you recommend and that Mr. Bacon recommends preferable? At the risk of oversimplification, the estimation of the cost of claims component of an insurance rate involves three steps: (1) the selection of the length of the experience a base used in the rate calculation (i.e.
1990
What is the purpose of your testimony? The purpose of my testimony is to demonstrate how the rate of return resulting from a particular rate may be calculated using the discounted return methodology and how it is used in the ratemaking process.
1990
Section 2: The Department Of Insurance Proposed Rollback Methodology and Proposed Prior Approval Methodology. Part A: The Rollback Methodology. The following text discusses the Department's proposed rollback methodology, as amended in its Preliminary Prayer (the Department's Prayer), and outlines the ways in which it is seriously flawed.
1990
How do you recommend that the Insurance Commission approach the definition of “Fair Rate of Return for the purpose of deciding which insurance companies are exempt from the 20% rate rollback mandated by Proposition 103? I recommend that the commissioner first establish a target rate of total return on net worth return that is comparable to fair rates of return for other industries of comparable risk. Testimony continues…
1990
In some states, workers compensation trends have reached proportions which are viewed skeptically, at best, by regulators and others. The task of determining the magnitude of the trend and demonstrating the accuracy of the trend calculation can be significantly eased if trends are analyzed by type of disability.
1990
In many reinsurance pricing situations it is not possible to determine a "correct" absolute price without making a large number of tenuous assumptions. Even so, in order to maximize a company’s profitability, it is important for the reinsurance actuary and underwriter to be able to choose the best contract terms among the achievable alternatives.
