Browse Research
Viewing 5851 to 5875 of 7690 results
1980
We consider a usual situation in risk theory for which the arrival process is a Poisson process and the claim process a positive (J - x ) process inducing a semi-Markov process.
1980
Regulation
1980
My compliments go to John Kollar for the careful deliberation given and the time spent in the active role of providing us with a paper for discussion. In all honesty, however, I expected a paper much different in scope. When I was asked to review this paper I expected to receive a recipe guide for beginning student in my office to use and read before he or she began asking the imponderable questions that I will never be able to answer.
1980
As with any other line of insurance, the ratemaker's goal is to develop rates that will cover losses and expenses (including underwriting profit) arising from policies in force during a specified future period. In order to accomplish this goal, a proper match between premiums (or exposures) and losses plus expenses must be established.
1980
My initial impression of Mr. Karlinski's paper was that it is a sales piece aimed toward fuller utilization of the actuary's training and skills in the pricing decision process. Subsequent readings confirm that impression.
1980
This is an interesting paper. It presents a progress report on the analytical approach one large reinsurer is developing toward the pricing of excess casualty coverage. The approach is an analytical one, in that pricing decisions are made on the basis of information generated by a theoretical pure premium distribution fitted to sample data.
Claim Size Modeling/Loss Distribution
1980
An excess-of-loss reinsurance treaty provides the primary insurance company (cedant) with reinsurance protection covering a certain layer of loss for a specified category of individual (direct) insurance policies. Hence, for each loss event (occurrence) coming within the terms of the treaty, the reinsurer reimburses the cedant for the dollars of loss in excess of a certain fixed retention up to some maximum amount of liability per occurrence.
1980
This short note has as its starting point an interesting article by Taylor in which he considered the effects of inflation on a risk process. Taylor showed that if the premium density increased at the same rate as the cost of individual claims then, under certain conditions, ultimate ruin was certain.
1980
Maximum likelihood estimation in case of a Poisson or Gamma distribution with loglinear parameterization for the mean is quite akin. The asymptotic variance-covariance matrix for the maximum likelihood estimator is derived as well as a linear estimator, which can serve as a starting value for the nonlinear search procedure.
1980
I, too, have always been intrigued by actuarial theory put into practice to solve rating problems. Certainly the body of the Hewitt/Lefkowitz paper deals primarily with the practical manipulation of a fitted loss distribution’s cumulative function for the purposes of determining deductible discounts, increased limits factors, and relative frequency and severity.
1980
Mr. Khury has made a positive contribution to the expanding effort by casualty actuaries to replace over-emphasis on "seasoned judgment" by scientific method, and for this effort he must be congratulated! His paper sets forth an approach for documentation of the actuaries' assumptions as to frequency, severity, inflation, payout patters and the time value of money in an explicit manner.
1980
Loss reserves have a significant impact on the reported operating results as well as on the financial condition of an insurer. Actuarial literature to date has focused on developing loss reserving methods [l]. The matter of assessing the condition [2] of loss reserves, on the other hand, has received relatively little attention.
1980
Mr. Van Slyke's paper presents a discussion of econometric modeling in a fairly general way. I would have preferred to see more on possible specific applications to insurance pricing, especially with regard to the more sophisticated techniques of systems dynamics and catastrophe theory.
Econometric Modeling
1980
Econometric models are widely used to forecast economic events. A number of macroeconometric models are well known, including those of the Wharton School, Chase Econometrics, Data Resources, Inc., and the Federal Reserve Bank of St. Louis. Less imposing models are cropping up in all walks of life. The Insurance Services Office (ISO) is studying the application of econometric models to actuarial problems.
1980
Reinsurance Research - General/NOC
1980
Profit Factor/Rate of Return/Risk/Solvency
1980
Mr. Habeck's timely article presents a clear view of the impact of regulation on individual health insurance practices and policies which has heightened in recent years as a result of perceived and/or imagined shortcomings in the industry by consumer groups, legislators and regulators.
1980
State regulation of individual health insurance has increased greatly in recent years, both in scope and intensity. The need to comply with regulations has become the dominant objective in benefit design and pricing of individual health contracts. This shift away from the dominance of market forces results from the extension of regulation to almost every aspect of the development and marketing processes.
LOB-Health, Regulation
1980
In the fourteen years since Jeffrey T. Lange wrote "General Liability Insurance Ratemaking" the insurance industry has experience a period of significant social and economic inflation. This has been evidenced by spiraling insurance claim costs, as well as by rapidly growing number of claims, brought by an increasingly claims conscious public.
