Browse Research
Viewing 1201 to 1225 of 7690 results
2011
The value of a firm derives from its future cash flows, adjusted for risk and discounted to present value. Much of the existing literature addresses the quantitative techniques for calculating probability distributions of future cash flows, calculating values of risk adjustment factors and calculating values of discount factors.
2011
Sinkholes have emerged as a significant cost for homeowners and dwelling insurance in Florida. The conditions contributing to the formation of a sinkhole are generally similar over a local area. Thus the observation of known sinkholes and their proximity to a particular area
provides a Bayesian predictor of the probability of a future insured claim.
2011
2011 Winter CAS E-Forum Volume 2 The E-Forum replaces the traditional printed Forum as the means to disseminate non-refereed research papers to the actuarial community. The CAS will no longer distribute the Forum in hard copy format. The CAS is not responsible for statements or opinions expressed in the papers in the E-Forum. These papers have not been peer reviewed by any CAS Committee.
2011
2011 Winter CAS E-Forum The E-Forum replaces the traditional printed Forum as the means to disseminate non-refereed research papers to the actuarial community. The CAS will no longer distribute the Forum in hard copy format. The CAS is not responsible for statements or opinions expressed in the papers in the E-Forum. These papers have not been peer reviewed by any CAS Committee.
2011
CAS Fall 2011 E-Forum The E-Forum replaces the traditional printed Forum as the means to disseminate non-refereed research papers to the actuarial community. The CAS will no longer distribute the Forum in hard copy format. The CAS is not responsible for statements or opinions expressed in the papers in the E-Forum. These papers have not been peer reviewed by any CAS Committee.
2011
The following paper presents and uses a simplified framework to explore the impact of inflation across various
aspects of loss reserving, pricing, and capital management.
2011
The Collective Risk Model (CRM) constructs aggregate losses from a claim count distribution
and a claim size distribution. The aggregate losses are Z = X1 + ::: +XN, where the Xi are
independent and identically distributed as well as independent from the claim counts N.
Simulating individual claims can be a lengthy process when the expected number of claims
is large.
2011
U.S. medical spending is high by measures including the level of spending, level of spending per capita, and
level of spending as a share of GDP. U.S. medical spending growth is average by measures including the
annual growth rate, annual growth rate per capita, and annual growth in spending as a percent of GDP. The
volatility of U.S. medical spending growth is low by measures including the standard deviation, skew, and
excess kurtosis.
2011
This paper describes how a data mining technique known as Association Rules can be applied in the analysis of insurance data to gain useful and actionable business insights. The technique is illustrated via its application to Workers Compensation (WC) insurance data. This case study shows how the Association Rules technique can be used to potentially reduce claim costs, manage claims, and help prevent injuries at workplace.
2011
2011 Summer CAS E-Forum Including the CAS Call Paper on “Testing Loss Reserving Methods, Models and Data Using the Loss Simulation Model”
2011
Abstract. One of the most powerful and profound tools of casualty actuarial science is the collective
risk model S = X +K+ X N 1 . It is widely used by casualty actuaries, especially by those in the field
of reinsurance. Nearly one hundred pages of one standard textbook (Klugman, [1998], Chapter 4)
hardly suffice to survey the ingenuity with which actuaries and scholars have analyzed it.
2011
Index clauses currently in place in the market do not specify how Annual Aggregate Deductibles (AAD)
and Annual Aggregate Limits (AAL) should be indexed, which result in inconsistency when indexed
deductibles and limits are in place.
In this paper, concepts of indexed deductible and limit will be revisited for developing indexing
methods for AAD and AAL. Formal mathematical proofs and numerical examples will be presented.
2011
Abstract: The constellation of the initiatives of ERM, Solvency II, and International Accounting traces back
through capital management to modern finance and portfolio theory. These supposedly dynamic and marketoriented
initiatives will eventually disappoint the (re)insurance industry, if they uncritically endorse risk-adjusted
discounting. One’s job is rendered more difficult, if not impossible, without the right tools.
2011
Every 50 years or so a study of workers compensation mortality patterns is done, generally finding that after medical stabilization–10 or more years after injury–mortality for seriously injured workers is comparable to that of the overall population. It has been about 25 years since the latest study, so we might be half way to the next one.
2011
Motivation: Test how changes in level and distribution of exposures affect different ratemaking models. Actuaries are well aware that loss trend can be distorted by changes in exposure level and business mix. They are trained to recognize situations in which these distortions may arise, and how to adjust for them. Multivariate models are another way of handling these distortions.
2011
In developing countries such as Malaysia, the availability of reinsurance arrangements provides several advantages to primary insurers, such as keeping their risk exposures at prudent levels by having large risk exposures reinsured by another company, meeting client requests for larger insurance coverage by having their limited financial sources supported by another company, and acquiring another company’s underwriting skills,experience and compl
2011
GAP (Guaranteed Asset Protection) insurance is an insurance product that insures the difference (if any) between the loan balance and the actual value of the underlying asset. Typically, this insurance is sold in conjunction with a traditional insurance product and guarantees that an insurable event will be sufficient to satisfy any lien upon the asset.
2011
2011 Spring CAS E-Forum Including the 2011 Reinsurance Research Call Papers
