Browse Research
Viewing 5826 to 5850 of 7690 results
1980
To set the stage for the current interest by the regulatory authorities in the pricing of and the benefit content of Medi Gap policies some analysis of the advent of medicare and its subsequent impact on the economy might be helpful.
LOB-Health
1980
Classical assumptions and formulae of collective risk theory, model using dynamic programming, the teaching of risk theory, compound Poisson distributions, application of risk theory to ruin probabilities, stochastic dynamic models, solvency testing, reserve funds, reinsurance, ratemaking, business planning. Extensive bibliography.
1980
Classical assumptions and formulae of collective risk theory, model using dynamic programming, the teaching of risk theory, compound Poisson distributions, applications of risk theory to ruin probabilities, stochastic-dynamic models, solvency testing, reserve funds, reinsurance, ratemaking, business planning. Extensive bibliography.
1980
Exposure Bases/Premium Analysis/LOB-Product Liability
1980
Auto Physical Damage, Auto Liability, Affordability, Territorial Ratings
1980
Reinsurance Research - Outward Program Design
1980
In the British actuarial journals most papers on immunization examine the theory as it applies to the valuation of the assets and liabilities of an insurance company or a pension fund. The papers deal primarily with valuation and little with how to determine investment strategy.
1980
Some of the results obtained in an earlier paper entitled "An Invariance property of the Swiss premium calculation principle" by F. De Vylder and M. Goovaerts (1979) are generalized. For that purpose the notion of additivity and interactivity is extended. Some rather general characterization theorems for some premium calculation principles are obtained.
1980
We give a complete parametric solution of the following problem. Find a claim size distribution F on the finite interval [o,w], maximizing the stop-loss premium corresponding to a given excess e, under the constraints that the first moment of F be at most equal to u and the second at most equal to v. The method used is the duality technique in semi-continuous linear programming described in De Vylder (1978).
1980
Premium calculation principles versus economic premium principles.
1980
The purpose of this paper is to address the following question. Should the present retrospective rating formula be modified to account for the claim severity of the risk being insured, and for the loss limit chosen for the plan? It will be shown that there are significant differences in premium adequacy that can attributed to the above mentioned factors.
1980
Glenn Meyers has written a fine, concise paper. He begins with hypothetical loss distributions representing low, standard, and high workers' compensation severities. Combining these with a Poisson frequency distribution, he demonstrates how our present retrospective rating procedure fails to react properly to severity difference and how it overcharges (at least theoretically) when loss limits are selected.
1980
Insurance is a means for dealing with the economic uncertainty associated with chance occurrences. It does so by exchanging the uncertainty of the occurrence, the timing, and the financial impact of a particular event for a predetermined price.
To establish a fair price for insuring an uncertain event, estimates must be made of the probabilities associated with the occurrence, timing, and magnitude of such an event.
1980
In this paper, we propose to discuss the claims-made approach to pricing Medial/Professional Liability insurance. We will begin with a brief summary of the historic context which lead the largest medical malpractice writer in the country (St. Paul Fire and Marine) to switch its book of business to claims-made.
1980
The introduction of the claims-made policy as a vehicle for providing Medical Professional Liability insurance coverage in the mid-1970's clearly marked a turning point in the nature of the insurance market for this volatile line of business. Since the time when the St.
1980
In a paper presented to the Casualty Actuarial Society in 1965, W. J. Fitzgibbon, Jr. explained a method of setting reserves for retrospective premium adjustments. His method is based on the fact that, in general, a group of policies with a low loss ratio will produce a greater retrospective return premium than a group of policies with a high loss ratio. In practice, unfortunately, this relationship is not perfect.
1980
Mr. Chamberlain's paper is the first in years to address the problem of calculating class relativities for a two-way (or n-way) classification system. He proposes a new model that offers more flexibility (and more complexity) than previous ones. Essentially, his approach is to fit an additive model to the data, and then fit a multiplicative model to the residuals.
1980
The ideas for this paper were the outgrowth of considerations on the Construction-Protection relativity question in Commercial Property (Fire) Insurance. A literature search on this subject in the "Proceedings" suggests Bailey's method from Bailey & Simon's paper "Two Studies in Automobile Insurance Ratemaking".
Class Rating
1980
I looked forward to reviewing this paper because, first, 1 was intrigued by the title (I couldn't understand how closed claim survey data could possibly be used for insurance pricing) and also because I thought I might learn something about closed claim surveys.
1980
A fundamental problem of pricing insurance is: When all is known about claims from an accident-or policy-year, that year is too old to be relevant for next year's coverage. Thus, our ancestors began using aggregate historical patterns to estimate how incurred costs of recent periods would mature to full ultimate value.
1980
Parameter estimation in case of loglinear modelled claim cost distribution characteristics is mathematically tractable, especially with the Inverse Gaussian and Lognormal distribution.
1980
In a recent paper SEAL (1980) calculated numerically survival probabilities based on Pareto claim distributions.
1980
It is commonly thought that the characteristic function (Fourier transform) of the Pareto distribution has no known functional form (e.g. SEAL, 1978, PP. 14, 4 ° , 57)- This is quite untrue. Nevertheless the characteristic function of the Pareto density is conspicuously absent from standard reference works even when the Pareto distribution itself receives substantial comment (e.g. HAIGHT, 1961 ; JOHNSON and KOTZ, 1970, Ch.
