Browse Research
Viewing 5701 to 5725 of 7690 results
1982
A great attention has been devoted, in the actuarial literature, to premium calculation principles and it has been often emphasized that these principles should not only be defined in strictly actuarial terms, but should also take into account the market conditions (Buhlmann (1980), de Jong (1981)).
1982
This paper presents a generalized notation in order to represent several actuarial rating values which are derived from loss distributions. Four functions are defined and then used to define various rating values such as Table M charges and savings, loss estimation ratios, increased limit factors, and excess loss premium factors. The notation has been adapted from a notation originally presented by R.J. Finger.
1982
1982
In 1966, I presented a paper to the Institute entitled, “Putting Computers on to Actuarial Work”. The order of the words in the title was significant. What I considered to be the aspect of the subject which contained the most potential, paragraphs 25 to 29, received little mention in the discussion. One speaker was not sure if that section of the paper was “profound” or “obvious”.
Keywords: Solvency
1982
Various numerical procedures have been developed in recent years for estimating the provisions for outstanding claims of a general insurer. (See, for example, Benjamin, 1977, 234–66.) These procedures do not in general have a theoretical statistical basis, and consequently they do not provide information about the reliability of the resulting outstanding claims estimates.
1982
Some comments are given on a recent paper by De Wit and Kastelijn (1980) and alternative methods for analyzing loss ratios are proposed in connection with the determination of the necessary solvency margins of non-life insurance companies. The methods are illustrated by a numerical example.
1982
I take great pleasure m addressing this audience. As you might know I'm a mathematician with a deep interest in insurance mathematics. As such, it is my sincere opinion that the gap between practicing actuaries and theoretical researchers can be made substantially smaller. If my contribution can help in bridging the gap, I will feel fully compensated for the effort it took to prepare this lecture and the results contained therein.
1982
This paper outlines a very simple structure for the practical analysis of motor premiums. It indicates that it is possible to model different types of claims cost. Then these results are combined together with some simple economic assumptions, to arrive at a final "points system" which is similar to a number of premium systems used by Insurance Companies.
Auto Liability, Auto Physical Damage
1982
The subject is A Definition of "Qualified Actuary" and Guidelines Concerning Requirements for an Actuarial Opinion and Memorandum for Certain Reserves for Guaranteed Interest and Similar Contracts Under Section 205.
It establishes a maximum interest rate which may be credited by a company to its policyholders under guaranteed investment contracts unless the company presents a cash flow analysis (outlined on pages 4 and 5) that demonstrates the c
1982
Distribution functions are introduced based on power transformations of beta and gamma distributions, and properties of these distributions are discussed. The gamma, beta, F. Pareto, Burr, Weibull and loglogistic distributions are special cases. The transformed gamma mixed with a gamma yields a transformed beta.The transformed gamma is used to model aggregate distributions by matching moments.
1982
We give some actual possibilities for computing numerical values in the classical risk models both in transient and asymptotical cases by introducing the concept of normed model. Some recent approximations are tested on numerical examples.
We also emphasize the interest of these methods to compute waiting time distributions (transient and stationary cases) in queuing theory.
1982
The paper considers the following situation. The actuary is asked to estimate the outstanding claims of an insurance portfolio, both gross and net of (excess-of-loss) reinsurance. He obtains a gross estimate in the usual way by reference to historical information in respect of gross payments. He must then transform this to a net estimate.
1982
Loss distributions underlying increased limits factors are usually based on countrywide data, as state/class information is generally regarded as too sparse for this purpose. Yet the state/class average severities may be reliable, and the countrywide distributions can be adjusted for differences in this average, for example, by assuming that all losses move in the same proportion.
1982
It is coincidental that the 1982 call paper program on the pricing, underwriting, and managing of large risks is being held here in
Florida. Only several months ago, I was approached as a professional reinsurance actuary to give input to a reinsurance program for a Florida physicians group. Recent legislation in the state (presumably to alleviate some of the rate pressure) had restricted annual loss payments on claims to $100,000.
1982
Various methods for developing recursive formulae for compound distributions have been reported recently for a class of claim frequency distributions and arbitrary claim amount distributions.
1982
In the present paper we deal with the problem of calculating a premium for the largest claims and ECOMOR reinsurance treaties. AMMETER derived already In 1964 formulas for calculating the premiums of the largest claims and ECOMOR reinsurance treaties (compare also SEAL (1969), TH~PAUT (1950)), which we will restate in the following Section 2.
1982
This paper discusses the role of Collective Risk Theory in making insurance pricing decisions. Actuaries are making increasing use of Collective Risk Theory to derive aggregate loss distributions which in turn are sued to measure the risk of an insurance contract, or to calculate the pure premium of an aggregate excess insurance contract for a large insured.
Reinsurance Research - Loss Distributions, Size of
1982
Mr. Heckman and Mr. Norton have written a paper which addresses an important topic: balancing risk reduction versus cost in insurance transactions.
1982
This paper gives an analytic portfolio approach to optimizing a reinsurance program by minimizing risk under a cost constraint.
