Browse Research
Viewing 6351 to 6375 of 7690 results
1969
This note deals with a way to determine upper and lower bounds for the coefficient of variation of the total claim costs in a year in excess of a certain limit value. In marry a publication attention has been paid to the question of calculating, in addition to the mean of the excess costs, the variance of these costs.
1969
Mr. Benedikt uses "chain relatives" based on the incurred claim totals included in Part 5 of Schedule "P " of the annual statement required for fire and casualty companies in the United States. Each total is for the losses as developed to end of calendar year (j) for claims incurred because of accidents in calendar year (i).
1969
The problem of estimating the final amount after settlement of Motor and General Third Party claims incurred during an underwriting year is of considerable importance for direct writing companies, as well as for reinsurers. While methods of considerable precision have been proposed for direct writing companies' business (ref.
1969
The perceptive reviews by Messrs. Roberts and Walters take two somewhat dissimilar approaches. It accordingly may be helpful in replying to contrast the two. The reviews also point up the fact that the paper could have been a clearer communicative tool.
1969
This treatise by John McGuinness represents an entire approach to the problem of reflecting trend in insurance ratemaking. Following a methodical definition of terms and statement of the difficulties involved, he develops his thesis as to where the solution lies and provides valuable procedures for the practical implementation of that solution.
1969
Time series, particularly in their cyclic behavior, possess an almost occult fascination. Recognition of their importance can be traced back millennia to priesthoods founded upon ability to predict seasonal events such as the annual flooding of the Nile and the Euphrates. In our time economists and laymen alike seek to read the future movement of prices and indices from trends and cycles perceived in records of the past.
1969
Inflation continued to be a serious problem for the liability and property insurance companies in 1968 through mid-1969. In my original paper the LPI indexes covered the period 1935-1967. This supplement is an updating of that paper.
1969
In a paper presented to the fifth ASTIN Colloquium (Lucerne, 1965) Buhlmann has given some propositions with regard to Experience Rating understood as a sequence of estimates of the expectation with respect to the distribution function of (equation- see paper) say, of (equation-see paper) which is the mean for fixed THETA with respect to the distribution function (equation- see paper) of the variables (equation- see paper) for each value to (equa
1969
One of the basic functions of risk theory is the so-called generalized Poisson function F(x), which gives the probability that the
total amount of claims does not exceed some given limit x during a year (or during some other fixed time period).
1968
This paper most certainly demonstrates, should such demonstration be necessary, that “an algorithm of the operations analysis type” need not involve complex and interminable arithmetical detail.
1968
Lewis H. Roberts’ paper, “A Discipline for the Avoidance of Unnecessary Assumptions,” published in the CAS Proceedings Volume LIV ( 1967) was initially prepared for the seminar presented by the Committee on Mathematical Theory of Risk at the Society’s meetings in Detroit, Michigan, November 1966.
1968
It should be obvious even to a casual observer that something very significant is happening to the property and casualty insurance industry. It is not difficult to determine that this something appears to be connected with profitability.
1968
One of the invariants in the Syllabus of Examinations of our Society has been the study of life insurance mathematics and the associated actuarial notation. As a result probably every practicing actuary has, at one time or another, worked with this unique notation. Multiple indices appear both prefixed and suffixed to a symbol along with exponents resulting in a halo of characters about the basic symbol.
1968
It is now over eleven years since the first binder was issued by the nuclear insurance pools and it seems appropriate to take a new look at nuclear energy insurance. This cover is one of the smallest, but fastest growing, and certainly the most unique of modern times.
1968
In recent years, insurance literature and research reflect a great deal of attention to investment return in property and liability insurance companies and a number of important considerations have been discussed. Many issues, however, have not necessarily been resolved and there remains a dearth of thoughtful material on property and liability company finance.
1968
Most ratemaking procedures may be described as simply the processes through which loss experience at least one year old is projected to estimate the loss experience of the same risks one or two years in the future. This time lag is the inevitable result of the constraint that the rates be reviewed on the basis of the total loss experience of the line.
1968
With two exceptions, the many papers on credibility which have appeared in the Proceedings of the Casualty Actuarial Society have been concerned only with the credibility of the number of claims. From Whitney to Mayerson the theory has been based on the distributions of the number of claims alone, ignoring the distribution of claim amounts.
1968
The claims experience of a motorcar insurance is assumed to give some indication about the risk (basic claim frequency) of that
insurance. The experience rating systems in motor insurance are based on this supposition. In these systems the premium to be
paid in some year is a function of the individual claims experience of preceding years.
1968
This paper describes a rather simple application of credibility which was used to develop experience rating plans for Blue Cross and Blue Shield organizations in the United States. These are non-profit corporations which provide prepaid coverage for the cost of hospitalization and medical-surgical care. The benefits are in many instances full service benefits so that there is no additional cost to the subscribing member.
1968
The continued underwriting losses of most companies on private passenger automobile insurance, which is the focal point of the current controversy, would seem to make this proposition academic to the objective ratemaker.
1968
The subject of overall earnings of property-casualty companies and the attendant question of investment income attributable to underwriting operations is one of the most controversial topics in the industry today. For the benefit of those who have not closely studied this issue, it might be well to review some of the past history leading up to the current controversy.
