Browse Research
Viewing 701 to 725 of 7690 results
2013
Motivation: To provide a simple method of estimating collateral for captive reinsurance contracts that are in runoff with respect to the issuing carrier.
Method: The paper demonstrates a simplified application of individual claim development.
Results: For small open claim counts, the parameter risk and distribution risk of the estimated collateral requirement is reduced by the presence of the loss limit.
2013
This paper will provide practical guidance for the actuary estimating loss reserves for mortgage insurance exposures. It includes a brief background on the mortgage insurance product, the accounting considerations for mortgage insurance, and introduces a practical deterministic approach for estimating unpaid claim liabilities for mortgage insurance.
Keywords: Mortgage insurance; reserving
2013
Motivation. The growing availability and advocacy of stochastic reserving methods is outpacing their critical evaluation, testing, and indeed acceptance.
2013
Motivation. Prior to 30th June 2013, Kenya’s Insurance Regulatory Authority mandated that minimum IBNR reserves for a particular class of insurance be set as a percentage of a company’s calendar year net written premium for that class. While this method may provide a proxy that is easy to use by those who do not have actuarial training, it is uncertain how accurate the mandated IBNR percentage is for individual insurers.
2013
Given the long-tailed nature of certain lines of business, such as workers’ compensation, and the impact of inflation on claim costs, determination of development factors, particularly in the tail, can be challenging. Reliance on excess loss development triangles can present challenges from both a credibility and volatility perspective.
2013
Actuaries regularly update the results of prior analyses that leverage more current information. Actuaries will often apply similar methodologies and thought processes from the prior analysis to the current one.
2013
The purpose of this paper is to describe the results of research on methods to improve the Current Calibration Method (CCM) for premium risk charges for use in the NAIC RBC Formula. The paper shows how it is possible to construct risk charges that might be both more reflective of underlying risk and more stable over time than the CCM.
2013
I have been in the unusual position of being from an actuarial background and chairing the compensation committee of a publicly held entity. Over the last four years our compensation committee has attempted to achieve several objectives in our compensation approach for the CEO and for the named executive officers that appear in the proxy:
1. Motivate and Compensate for good performance
2. Retain good people
2013
Late in 2012, the press in Austin, Texas reported the death of a policeman, Houston McCoy, who was known for climbing together with his fellow officer, Ramiro Martinez, the steps of the Tower at the University of Texas and killing the Tower Sniper. Fourteen people were killed and 32 were wounded in the August 1, 1966 tragedy.
2013
CAS E-Forum, Fall 2013 2013 Fall including Report 6 of the RBC Dependencies and Calibration Working Party, the Tail Factors Working Party Report, and the Non-Technical Reserve Call Papers
2013
In a world where information can be gathered, analyzed, interpreted and diffused much faster than for prior generations, we inquire about optimal schemes for the presentation of predictive models.
2013
In the daily tasks of a non-life actuary, the reserve risk distribution plays a central role. For example, the estimation of the cost of capital used in commutation pricing relies heavily on the assumption retained for the shape of the non-life reserve risk distribution.
Even though some distributions are widely used in the actuarial community (e.g.
2013
A solvency measure is needed to consistently and fairly determine the level of an insurer’s capital, which is needed for protection against defaulting on policyholder claims. There are several competing measures in current use, including VaR and the expected policyholder deficit. However, there is no published analytical method for selecting or calibrating any of these measures to produce a level of capital consistent with economic principles.
2013
CAS E-Forum, Summer 2013 2013 Summer Including Report 5 of the RBC Dependencies and Calibration Working Party
2013
Of the several classifications which actuaries have proposed for the heaviness of loss-distribution tails, none has been generally accepted. Here we will show that the ultimate settlement rate, or asymptotic failure rate, provides a natural tripartite division into light, medium, and heavy tails. We prove that all the positive moments of light-and medium-tailed distributions are finite.
2013
Reinsurance reduces the required capital of the primary insurer but in-creases that of the reinsurer. Capital is costly. All capital costs, including that of the reinsurer, are ultimately borne by primary policyholders. Reducing the total capital of insurers and reinsurers lowers the total capital cost and the total primary policy premium. A reinsurance arrangement is considered optimal if it minimizes the total required capital.
2013
Motivation. Quantifying the impact of the introduction of physician fee schedules in workers compensation is an integral part of NCCI legislative pricing. Although the vast majority of US states have physician fee schedules in place, a small number of jurisdictions operate without such a legal provision.
2013
Motivation. Concomitant with the 2007-2009 recession, the US economy experienced profound changes in industrial structure that led to widely varying growth rates of employment by industry. Whereas some of these changes may be temporary, others are likely to be perman
ent or keep progressing. Among the sectors exhibiting the most significant shifts in employment levels are manufacturing, health care, and construction.
2013
CAS E-Forum, Spring 2013 Volume 2 2013 Spring-Volume 2 Including a Special Report on Contingent Capital and the Reinsurance Call Papers
2013
CAS E-Forum, Spring 2013 2013 Spring Including the Ratemaking Call Papers
