Browse Research
Viewing 6426 to 6450 of 7690 results
1967
It was a pleasure to review this paper, because it is concise, the ideas are clearly stated, and it suggests some things that could be done now and some thought-provoking subjects for the future.
1967
Schedule P has been the subject of considerable discussion and criticism over the years. Just recently two NAIC committees--the Actuarial (F5) Subcommittee and the Legislation to Modify Schedule "P" (D I ) Subcommittee have been active in the Schedule P area.
1967
This is the fourth edition of the late Mr. Magee's classic text, revised by Professor Serbein of the Stanford University Graduate School of Business. Mr. Magee's Property Insurance, along with his other books, General Insurance and Life Insurance, have been standard reference works and college texts for more than 25 years.
1967
This report is a contribution to the discussion on the solvency problem, which has been taking place at ASTIN-meetings. In his report in Edinburgh x964 Beard referred to many aspects which are closely connected with the problem. Such aspects are I. the evaluation of liabilities; 2. the evaluation of assets; 3. the level of the premiums of long term policies and 4. reinsurance.
1967
Drs. H. Bohman and F. Esscher have reported in a recent paper 1) an extensive research performed in Sweden on the different methods of calculation of the distribution function of the total amount of claims. In the present paper certain methods are discussed in so far as they are different from those presented in the above quoted paper.
1967
Let F(x) be the distribution function of the total amount "E" of claims of an insurance company. It is assumed that this company reduces its liability by means of one or several reinsurance arrangements. Let the remaining part of claims amount be equal to "n" which is another random variable. Reinsurance arrangements are supposed to fulfill the following consistency condition [see article for equation].
1967
When Mr. Robert Henderson, 1873-1942, the distinguished life actuary and a Fellow of our Society, put forward "A New Method of Graduation" in 1924, in Transactions XXV of the Actuarial Society of America, the problem of starting values was resolved by calculating upward an auxiliary series which he labeled the u~"" column, alongside the u~,'" column to be graduated.
1967
I. In an article on such processes in ASTIN Bull. (11-3, pp. 45o-451) the author has derived a relation between cPp i.n.s. (compound Poisson processes in the narrow sense) and composed Poisson processes, which is quite general.
1967
Modern life is characterized by risks of different kind: some threatening all persons and some restricted to the owners of property, motor ears, etc., while still others are typical for some individuals or for special occupations. The corresponding accidents, losses or claims will occur suddenly and unexpectedly and may involve considerable financial loss.
1967
This paper deals with some requirements put forward by the Finnish Supervisory Service on technical reserves mainly for solvency reasons. Consequently only one but nevertheless an important aspect of solvency problem is touched upon. The solvency question in its entirety is discussed in a paper of Dr. Pentikfiinen at this same colloquium.
1967
The only way in which a working analytical model for retrospective rating will ever be produced is by initially proposing a model which can be criticized and improved. It is extremely difficult to produce a finished working model without having a jumping off place for one's thoughts. We should be grateful indeed to Mr. Hewitt for having given us this paper.
1967
In this paper are set forth some important mathematical properties of the gamma distribution (Chapter 2) including the very important characteristic of reproductivity and divisibility. In most instances the development of formulas and lemmas is left to the reference texts, or the reader. The gamma distribution is applied directly to loss ratio distributions as a model (Chapter 3) and a single parameter form is asserted.
1967
Any paper, article, or discussion on the problems attending automobile liability insurance today deserves and generally gets a fair share of attention. Mr. Murray's paper on Inverse Liability Automobile Accident Insurance is one that deserves a lot of attention.
1967
The paper on Inverse Liability Automobile Accident Insurance presented at the May, 1967 meeting of our Society by Mr. J. B. M. Murray is an extremely welcome and a very timely contribution to our Proceedings. Seldom can one pick up a newspaper or trade journal today without observing some article leveling adverse criticism towards the current tort liability system.
1967
I welcome the opportunity to thank reviewers Jack Moseley and Jerry Hillhouse for their comments on the subject of Inverse
1967
The spotlight of adverse criticism has in recent years turned full beam on the current system of third party automobile insurance and the methods of compensating those who are injured, and the dependents of those killed on North American roads, methods which have held sway on this continent for over fifty years.
1967
Professor Lindley's two volume work is, professedly, the first attempt to attack the first course in probability and statistics from a Bayesian point of view. This should be of considerable interest to the actuary, since the Bayesian approach to statistics helps the actuary both to explain, in statistical terms, some of the techniques he has been using, and to find applications of some statistical methods to actuarial problems.
1967
It is rare for a paper presenting essentially new material to have such broad scope as this one. The author begins with a lucid discussion of his statistical philosophy of ratemaking and insurance. Next, he presents two technical sections: a discussion of the value of stratification in sampling design, and an introduction to ratio estimation, with special consideration of its power for inference and the control of its bias.
1967
This paper is another in a series of studies on the application of contemporary mathematical developments to the problems of the actuarial sciences both in terms of providing the theoretical justification for, and introducing new techniques into, actuarial practices. Specifically, this paper is concerned with the application of two techniques of sampling theory--stratification and ratio estimation--to (package) ratemaking.
1967
The making of rates for package policies has required the attention of actuaries in rating bureaus and of company actuaries for a number of years.
1967
Messrs. Nelson, Cook, and Graves have each discussed my paper from a different point of view, and I will briefly review their discussions separately.
1967
An insurance company aims to increase the volume of its business. The volume is measured by the premium income during one year. The company makes use of N tariff groups. Pn-- premium charged by the company per unit of insurance in tariff group n. qn = premium per unit of insurance in tariff group n corresponding to the statistical experience in the said group. Ln ---- The size of the market in tariff group n.
1967
We consider a set of risks B, which is divided into subsets B, according to some property as profession, region etc. The subsets B, are thought to be too small to permit a calculation of a premium from their own experience. On the other hand we assume that there are differences between the B,. This paper tries to give a solution to the problem how the experience of the single Bt should be combined with that of the whole B.
1967
This is an early work which shows the connection between credibility theory and Bayesian estimation.
