Browse Research
Viewing 5576 to 5600 of 7690 results
1984
In non-life insurance, it is nearly always assumed that the expense loading is a fraction of the risk premium. This may deeply affect the fairness of a tariff, as illustrated in the case of the Belgian bonus-malus system.
Keywords: Rate making, Expense loadings.
1984
This paper presents an approach to measuring the trade-off between two contrasting goals of an insurance company: surplus growth based on profitability vs. competitiveness based on a reduced price. The traditional surplus-to-written premium ratio is used to measure financial strength, while competitiveness is measured by the percentage of profit (or loss) present in the rates.
1984
Mr. Niswanders' paper attempts to measure the trade-off between greater underwriting profits (a less competitive position) and surplus growth and thereby address the question as to whether a company's profit goals and competitive goals are consistent. The question is an important one to understand and, if possible, to answer. Unfortunately, the model as developed does not answer the question due to design flaws.
1984
The following pages reproduce the exhibits associated with the paper "The Calculation of Aggregate Loss Distributions from Claim Severity and Claim Count Distributions" by Philip E. Heckman and Glenn G. Meyers (PCAS LXX, 1983). These exhibits were omitted from the original printing of the paper.
1984
This review will be divided into four sections. First, there are general comments about the paper: next, there are more specific comments and suggestions regarding standardized notation; third, there is a discussion of the Bickerstaff formula; and finally, the notation is extended to other actuarial concepts.
1984
Reinsurance Research - Reserving
1984
This paper presents an auto regressive (adaptive) method to estimate ultimate losses. The method uses auto regression to forecast future losses for an accident year with interrelations among accident years.
1984
Keywords: Compound distributions, aggregate claim distributions
1984
The cited chapters of this book introduce interest theory not standard in actuarial texts. Of particular interest are the definitions spot and forward yields and the explanation of how they differ from yields to maturity. These concepts expand on traditional ideas and help explain movements in credit markets unexplained by traditional theory.
1984
One of the most important problems in collective risk theory has been the computation of the distribution of aggregate losses given individual frequency and severity distributions. Various approaches have been tried since the subject was first introduced by Filip Lundberg more than seventy-five years ago (Cramer [I]). These include approximation, simulation, and actual computation using numerical techniques.
1984
Reinsurance Research
1984
Paul Otteson has presented a paper on investments and their implications in Property/Casualty insurance decision making. These investments also affect the "real" net worth of a company and a stock investor's decision to buy, sell or hold insurance equities. Paul covered a lot of territory and I would have hoped that some specific subjects would have been covered in more detail.
1984
We consider a risk model in which the claim inter-arrivals and amounts depend on a markovian environment process. Semi-Markov risk models are so introduced in a quite natural way. We derive some quantities of interest for the risk process and obtain a necessary and sufficient condition for the fairness of the risk (positive asymptotic non-ruin probabilities).
1984
1984
Actuaries have always been m search of ways to determine premiums which match the risks insured as closely as possible. They do this by differentiating between them on the basis of observable risk factors. In practice, many examples of such risk factors are being used. age and sex for life insurance; location, type of building etc. for fire insurance.
1984
Expected continuation of intense competition, large underwriting losses, high interest rates and volatile financial markets means that investment results will play a most important role in shaping company survival patterns.
1984
In Industrial Fire insurance an aggregate limit for the amount retained by the policyholder under a deductible policy has been agreed upon more frequently m recent times. This agreement is equivalent to a stop-loss cover on the retained loss amount. For the Poisson-lognormal model the corresponding stop-loss net premium is calculated using various methods (normal power, translated gamma, various discretisations) and the methods are compared.
