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Book Investment Return and Property liability Insurance Ratemaking

Download or read book Investment Return and Property liability Insurance Ratemaking written by Robert Wayne Cooper and published by McGraw-Hill/Irwin. This book was released on 1974 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Fair Rate of Return in Property Liability Insurance

Download or read book Fair Rate of Return in Property Liability Insurance written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property-liability insurance rates for most lines of business are regulated in about one-half of the states. In most cases, this me ans that rates must be filed with the state insurance commissioner and approved prior to use. The remainder of the states have various forms of competitive rating laws. These either require that rates be filed prior to use but need not be approved or that rates need not be filed at all. State rating laws are summarized in Rand Corporation (1985). The predominant form of insurance rate regulation, prior approval, began in the late 1940s following the V. S. Supreme Court decision in United States vs. South-Eastern Underwriters Association, 322 V. S. 533 (1944). This was an anti trust case involving one of four regional associa tions of insurance companies, which constituted an insurance cartel. The case struck down an earlier decision, Paul vs. Virginia, 8 Wall 168 (1869), holding that the business of insurance was not interstate commerce and hence that state regulation of insurance did not violate the commerce clause of the V. S. Constitution. Following South-Eastern Underwriters, the Vnited States Congress passed the McCarran-Ferguson Act, which held that continued state regulation and taxation of insurance was in the public interest. The act also held that the federal antitrust laws would not apply to insurance to the extent that the business was adequately regulated by state law. (See V. S. Department of Justice 1977.

Book Prices and Profits in the Property and Liability Insurance Industry

Download or read book Prices and Profits in the Property and Liability Insurance Industry written by Arthur D. Little, Inc and published by . This book was released on 1968 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Capital Structure and Fair Rate of Return in Property liability Insurance

Download or read book Capital Structure and Fair Rate of Return in Property liability Insurance written by J. David Cummins and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Investment return and property liability ratemaking

Download or read book Investment return and property liability ratemaking written by Robert Wayne Cooper and published by . This book was released on 1972 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Investment Policy Implications of the Direct Consideration of Investment Income in Property and Casualty Insurance Rate making

Download or read book The Investment Policy Implications of the Direct Consideration of Investment Income in Property and Casualty Insurance Rate making written by George B. Flanigan and published by . This book was released on 1972 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Relationship Between Investment Risk Liquidity Needs and Rates of Return on Investment for Total Securities Portfolios in the Property and Liability Insurance Industry

Download or read book The Relationship Between Investment Risk Liquidity Needs and Rates of Return on Investment for Total Securities Portfolios in the Property and Liability Insurance Industry written by Alan Robert Gingold and published by . This book was released on 1972 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Insurance From Underwriting to Derivatives

Download or read book Insurance From Underwriting to Derivatives written by Eric Briys and published by John Wiley & Sons. This book was released on 2001-06-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.

Book Rate Regulation and the Cost of Capital in the Insurance Industry

Download or read book Rate Regulation and the Cost of Capital in the Insurance Industry written by Robert A. Haugen and published by . This book was released on 1972 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Valuation of Property Liability Insurance Contracts Under Frequency and Severity Risk

Download or read book The Valuation of Property Liability Insurance Contracts Under Frequency and Severity Risk written by Jiun-Fei Chiou and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to regulate the pricing of property-liability insurance contracts, this study, based on the theory of contingent claim valuation, develops the insurance pricing formulas, which will lead to fair insurance pricing. Firstly, this study constructs a general valuation model for property-liability insurance contracts, which takes into account the cash flows consisting of both the claim indemnity and the investment income incurred during the insurance coverage period. Various risks will influence the stochastic processes followed by the claim indemnity and the investment income, respectively. Secondly, to obtain a closed form solution of the pricing formula, this study considers the specific case in which the insurer confronts with the frequency and severity risk, and thence derives a pricing formula, into which the jumps incurred in claim indemnity are considered. The results show that the pricing of property-liability insurance contracts will depend on the ratio of the claim indemnity relative to the investment income. Furthermore, the jumps incurred in claim indemnity will exert significant impact upon both the assets and liabilities of the insurer. Hence, the price of property- liability insurance contracts will also increase drastically with these jumps.

Book Managing the Insolvency Risk of Insurance Companies

Download or read book Managing the Insolvency Risk of Insurance Companies written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications.