Download or read book Actuarial Modelling of Claim Counts written by Michel Denuit and published by John Wiley & Sons. This book was released on 2007-07-27 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are a wide range of variables for actuaries to consider when calculating a motorist’s insurance premium, such as age, gender and type of vehicle. Further to these factors, motorists’ rates are subject to experience rating systems, including credibility mechanisms and Bonus Malus systems (BMSs). Actuarial Modelling of Claim Counts presents a comprehensive treatment of the various experience rating systems and their relationships with risk classification. The authors summarize the most recent developments in the field, presenting ratemaking systems, whilst taking into account exogenous information. The text: Offers the first self-contained, practical approach to a priori and a posteriori ratemaking in motor insurance. Discusses the issues of claim frequency and claim severity, multi-event systems, and the combinations of deductibles and BMSs. Introduces recent developments in actuarial science and exploits the generalised linear model and generalised linear mixed model to achieve risk classification. Presents credibility mechanisms as refinements of commercial BMSs. Provides practical applications with real data sets processed with SAS software. Actuarial Modelling of Claim Counts is essential reading for students in actuarial science, as well as practicing and academic actuaries. It is also ideally suited for professionals involved in the insurance industry, applied mathematicians, quantitative economists, financial engineers and statisticians.

Download or read book Entrepreneurship and Innovation in Automobile Insurance written by Samuel P. Black and published by Routledge. This book was released on 2019-09-30 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurs play a central role in economic growth and development, but how they do so is the subject of considerable debate. This book explains that process through an historical case study of an automobile insurance entrepreneur, Samuel P. Black, Jr., and Erie Insurance, the company he helped build. It also recounts the largely untold history of American automobile insurance. One of this study's central themes is the role of innovation in the entrepreneurial process. The rise of Erie Insurance from a four-person enterprise in Erie, Pennsylvania, in 1925 to the fourteenth largest property-casualty insurer today was the result, in part, of Black's relentless push to innovate. His continual efforts to cut costs, develop new products, satisfy customers, increase sales, and improve operations, all contributed greatly to the company's growth. A second theme is the automobile's dramatic impact on modern America. Its takeover of mass transportation provided the basis for the development of the automobile insurance industry and created many of the opportunities that Black and Erie Insurance capitalized on. These themes combine in the history of Black and Erie Insurance to illuminate the dynamic process by which the cultural, social, economic, and technological environment creates opportunities that entrepreneurs and entrepreneurial firms exploit, and how entrepreneurial actions stimulate economic growth.

Download or read book Risk Classification by Means of Clustering written by Bernhard Christian Kübler and published by Peter Lang. This book was released on 2010 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determining risk-adequate insurance premiums is a core issue in actuarial mathematics. This study is specifically concerned with identifying convenient partitions of (general) insurance collectives such that the resulting tariff classes are homogeneous to a maximum extent and - on the other hand - yet large enough to allow for the occurrence of the group balance concept and to end up with reliable estimates of the moments of the claim size distributions. Therefore, the author develops an innovative classification algorithm utilizing a multidimensional cluster approach combined with credibility-theoretical implications. Its construction stems from involving the entire claim information of risks simultaneously and in a suitable manner, and particulary from obtaining optimality regarding the cluster criterions. Under certain conditions, commonly used cross classification schemes are shown to be a particular case of the new approach. Besides desirable theoretical benefits like its generalizing established cross classification systems, an empirical investigation also suggests the practical superiority of the new algorithm.

Download or read book Journal of Actuarial Practice written by and published by . This book was released on 1993 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Property Casualty Insurance written by David F. Bradford and published by University of Chicago Press. This book was released on 2007-12-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1992-02 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Neural Networks in Business written by Kate A. Smith and published by IGI Global. This book was released on 2003-01-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: "For professionals, students, and academics interested in applying neural networks to a variety of business applications, this reference book introduces the three most common neural network models and how they work. A wide range of business applications and a series of global case studies are presented to illustrate the neural network models provided. Each model or technique is discussed in detail and used to solve a business problem such as managing direct marketing, calculating foreign exchange rates, and improving cash flow forecasting."

Download or read book ASTIN Bulletin written by and published by . This book was released on 1990 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Working Paper Series written by and published by . This book was released on 1995 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proceedings of the Casualty Actuarial Society written by Casualty Actuarial Society and published by . This book was released on 1991 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of members for the years 1914-20 are included in v. 1-7, after which they are continued in the Year book of the society, begun in 1922.

Download or read book Journal of Economic Literature written by and published by . This book was released on 1996 with total page 1350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Doctoral Dissertations written by and published by . This book was released on 1987 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Index to American Doctoral Dissertations written by and published by . This book was released on 1989 with total page 1252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bibliographic Index written by and published by . This book was released on 1991 with total page 842 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Generalized Linear Models for Insurance Rating written by Mark Goldburd and published by . This book was released on 2016-06-08 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Claims Reserving in General Insurance written by David Hindley and published by Cambridge University Press. This book was released on 2017-10-26 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.

Download or read book Journal of Econometrics written by and published by . This book was released on 1990 with total page 874 pages. Available in PDF, EPUB and Kindle. Book excerpt: