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Viewing 6751 to 6775 of 7690 results
1958
Although actuaries have been connected with life insurance business for more than IOO years, it is only more recently that actuarial activities in the non-life branches have taken place. The problem of calculating level premiums for the steadily increasing risk in life insurance immediately calls for mathematical ability.
1957
The evaluation by Mr. Bondy of the effectiveness of the Rate Level Adjustment Factor in New York has stimulated considerable research on the part of the industry as well as in several State Departments.
1957
Mr. Bondy's paper discusses one of the elements in the ratemaking procedure for workmen's compensation insurance as used in New York and most other states. The Rate Level Adjustment Factor is a subject which has received the continuing study of ratemaking bodies and regulatory authorities alike, particularly during the past ten years.
1957
Mr. Elliott's interesting discussion reveals, among other things, that I have not gone into sufficient detail in describing the Neutral Zone formula. I shall attempt to do this in the following paragraphs.
1957
This paper demonstrates conclusively that compensation loss cost in Wisconsin per $100 of payroll is substantially lower than the corresponding loss cost in New York in spite of the fact that Wisconsin benefits are over all approximately on a par with New York benefits.
1957
Many volumes have been written covering the general subject of property insurance, with emphasis on underwriting, claims settlement, and contractual relationships, but little has been written on the processes involved in rating fire insurance and the subsequent revision of these rates.
1957
Mr. Simon's discussion of regression equations and of the need for continuously testing the homogeneous character of the data we are tabulating is more than just pertinent. It brings into effective focus an understanding of the substantial amount of detailed and continuous testing that is being carried forward in connection with these data. The purpose of these tests is twofold.
1957
Mr. Tapley's paper is very interesting and clearly presented. A second reading is strongly recommended because it will reveal a number of subtle points that may have been slighted in the first reading. The philosophy of the deficiency reserve approach is quite stimulating to the imagination and should provoke some interesting discussions among actuaries as well as within companies.
1957
As a given interval of time moves off into the past, the accidents happening in that time become reported to the insurance company, are estimated as to cost, re-estimated if necessary, and are eventually settled, or closed without payment. In the process, the aggregate incurred loss to the company from those accidents firms up into the ultimate figure. Mr.
1957
A risk who wishes to be self-insured to a degree, and whose size as measured by expected losses is sufficient to make it practicable, may elect to have his premium based in part on actual losses up to a specified limit.
1957
This paper, like Mr. Marshall's recent paper on Workmen's Compensation ratemaking, has been written primarily for actuarial students, particularly those who are preparing themselves for Part IV (b) of the Associateship Examinations of the Society, which covers the general principles of rate-making.
1957
A paper on automobile liability insurance ratemaking has been long overdue in appearing in the Proceedings of the Casualty Actuarial Society. Although the need for a paper on this subject has been felt for many years by students particularly, it is welcome as a basic reference for insurance men as well. That the task of writing the paper fell to Mr.
1957
Anyone who has worked in the field of Automobile Insurance Rate Making in the last few years is well aware of the necessity of having rates reflect loss costs actually incurred during the period of time that they are in effect. Although this is a perfectly obvious statement, underwriting results of recent years, especially in the Automobile Bodily Injury Liability field, eloquently demonstrate that this goal is rather elusive.
1956
Mr. Barney Fratello, the staff of the National Council on Compensation Insurance, its Actuarial Committee, and the Subcommittee of Departmental Technicians of the Workmen's Compensation Committee of the National Association of Insurance Commissioners are all to be commended for the part which each played in bringing to so successful a conclusion a project of this importance and magnitude.
1956
This paper describing the development and use of the Workmen's Compensation Injury and Standard Wage Distribution Tables is a most important one for workmen's compensation insurance.
1956
Questions have been raised recently concerning the effectiveness and propriety of the Rate Level Adjustment Factor currently in use in New York and most other states for Workmen's Compensation ratemaking. I have undertaken to evaluate the current procedure on the basis of the information available to me--New York State data from two distinct sources.
1956
In an attempt to get at the underlying facts concerning the difference in Workmen's Compensation cost between New York State and Wisconsin, a study has been undertaken with respect to the specific law provisions and also with respect to the actual experience.
1956
Automobile Assigned Risk Plans have become one of the most important facilities of the Automobile Liability Insurance Industry. It is undoubtedly true that no facet of the business has consistently been the object of more interest and attention. The plans perform the extremely necessary function of bridging the gap between the voluntary insurance facilities and the needs of the insuring public.
1956
Mr. Harwayne has made a further contribution to the puzzling question of analyzing state differences in compensation costs and
rates. Using his paper in conjunction with Mr. Johnson's 1953 paper and Mr. Goddard's discussion, we now have substantial printed word to give us confidence as we employ a relatively modern method of making these comparisons.
1956
As the actuary of a company whose President, Mr. John A. Diemand, has been a leader in the movement to introduce the Multiple-Line principle into our insurance practices, it gives me very great pleasure to be asked to submit a written discussion of Mr. Michelbacher's excellent paper.
