Download or read book Continuous Time Models of the Reporting and Cost Process of Insurance Claims written by Giuseppe Russo and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1995 with total page 746 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 RUIN ANALYSIS OF CORRELATED AG written by Lai-Mei Wan and published by Open Dissertation Press. This book was released on 2017-01-27 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Ruin Analysis of Correlated Aggregate Claims Models" by Lai-mei, Wan, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled RUIN ANALYSIS OF CORRELATED AGGREGATE CLAIMS MODELS Submitted by WAN LAI MEI for the degree of Master of Philosophy at The University of Hong Kong in January 2005 In recent years, study of risk models with dependent classes of insurance business has become a popular topic in actuarial science. The main theme of this the- sis is to explore more general models which include various types of dependence structures among classes in a book of insurance business. Specifically, ruin anal- ysis was performed on two correlated aggregate claims models for a book of m (m>= 2) dependent classes of insurance business. Firstly, a discrete-time risk model was considered with m dependent classes of business in which a time-series approach was adopted. The claim processes of the m classes were assumed to follow a multivariate autoregressive time-series model of order 1. In this framework, different classes were dependent due to the time-series structure and the correlation among current claims. The probability of ruin for the risk model was studied. In the case of m = 2, simulation studiesfor absolutely continuous bivariate exponential (ACBVE) claim distribution and bivariate gamma claim distribution were performed. Next, a continuous-time risk model with m dependent classes of insurance business was investigated. The claim-number processes of the m classes were correlated due to the so-called thinning dependence together with a common shock. Various aspects of the proposed model were examined, and the impact of therelationofdependenceviatheadjustmentcoefficientwasthenstudied. Inthe bivariate case (m = 2), a numerical study was performed for exponential claim distribution and simulation studies were carried out for non-exponential claim distributions. DOI: 10.5353/th_b3070570 Subjects: Risk (Insurance) Probabilities Insurance claims - Mathematical models Insurance - Mathematics
Download or read book A Micro Level Claim Count Model with Overdispersion and Reporting Delays written by Benjamin Avanzi and published by . This book was released on 2016 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The accurate estimation of outstanding liabilities of an insurance company is an essential task. This is to meet regulatory requirements, but also to achieve efficient internal capital management. Over the recent years, there has been increasing interest in the utilisation of insurance data at a more granular level, and to model claims using stochastic processes. So far, this so-called 'micro-level reserving' approach has mainly focused on the Poisson process.In this paper, we propose and apply a Cox process approach to model the arrival process and reporting pattern of insurance claims. This allows for over-dispersion and serial dependency in claim counts, which are typical features in real data. We explicitly consider risk exposure and reporting delays, and show how to use our model to predict the numbers of Incurred-But-Not-Reported (IBNR) claims. The model is calibrated and illustrated using real data from the AUSI data set.
Download or read book Analysis of Time Dependent Aggregate Claims written by Di Xu and published by . This book was released on 2016 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimation of aggregate claim amounts is a fundamental task in Actuarial science, based on which risk theory, ruin theory and reinsurance theory can be studied. Properties, including moments, Laplace transforms, and probability functions of aggregate claims have been extensively studied by many scholars under various models (see, e.g., Hogg and Klugman (1984)). The main classical model is the compound Poisson risk model, where the interclaim times are independent of the claim severities. Scholars started to explore this problem by considering more general counting processes, such as mixed Poisson processes (e.g., Willmot (1986)) and renewal processes (e.g., Andersen (1957)). Afterwards, the independence assumptions on multiple risk factors were gradually relaxed. Additionally, the observation times are further randomized to fit the reality better. In this thesis, we propose to analyze the aggregate claims until both randomized and deterministic time horizons by incorporating inflation and payment (reporting) delays into the analysis. Dependence between the claim occurrence times (also interclaim times) and claim severities is further considered. A comprehensive review on the study of the aggregate claims is given in Chapter 1. Chapter 2 introduces the relevant preliminary knowledge on the aggregate models and techniques used in this thesis. Chapter 3 examines the Laplace transforms of the aggregate claims under a nonhomogeneous birth process, which covers Poisson, mixed Poisson and linear contagion model. Furthermore, the claim occurrence times influence the distribution of the claim severities. Under some assumptions on the counting process, the time-dependent aggregate claims are represented as a random sum of independent and identically distributed random variables. The aggregate incurred but not reported (IBNR) claims are studied in Chapter 4 due to their essential role in reserving. A recursive formula is identified for the moments of the total discounted IBNR claims under a generalized renewal risk model where the interclaim times, claim severities and random reporting lags have an arbitrary dependence structure. The probability mass function of the number of IBNR claims is obtained under certain assumptions on the marginal distributions of the interclaim times, claim severities and reporting lags. To address the influence of the economic environment, a Markovian arrival process is introduced in Chapter 5 to analyze the IBNR claim problem. A straightforward representation and a closed-form expression are identified for the moments of the total discounted IBNR claim amount and numbers respectively without adding much difficulty to the analysis. Instead of a deterministic time horizon as considered in Chapters 3, 4 and 5, attention has also been paid to the analysis under a randomized observation time (see, e.g., Stanford et al. (2005) and Ramaswami et al. (2008)). Randomization in the time horizon usually leads to more tractable expressions for given quantities (e.g., Albrecher et al. (2011, 2013)). However, in the case of time-dependent aggregate claims, it only adds extra integration to the expressions of relevant quantities. In this thesis, instead of working with general random time horizons, we work with some specific random time horizons, i.e. two-sided exit time, in Chapter 6. The two-sided exit problem has been the subject matter of risk management analysis to better understand the dynamic of various insurance risk processes. In the two-sided exit setting, the discounted aggregate claims are investigated under a dependent renewal process (also known as dependent Sparre Andersen risk process). Utilizing Laplace transforms, we identify the fundamental solutions to a given integral equation, which will be shown to play a role similar to the scale matrix for spectrally-negative Markov-additive processes (e.g., Kyprianou and Palmowski (2008)). Explicit expressions and recursions are then identified for the two-sided probabilities and the moments of the aggregate claims respectively. Chapter 7 ends the thesis by some concluding remarks and directions for future research.
Download or read book Dissertation Abstracts International written by and published by . This book was released on 1998 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book KEYIN an Aid to Decisionmaking in the Unemployment Insurance System written by Hal B. Robins and published by . This book was released on 1978 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pricing in General Insurance written by Pietro Parodi and published by CRC Press. This book was released on 2014-10-15 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the syllabus of the actuarial industry course on general insurance pricing — with additional material inspired by the author’s own experience as a practitioner and lecturer — Pricing in General Insurance presents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate. The main strength of this approach is that it imposes a reasonably linear narrative on the material and allows the reader to see pricing as a story and go back to the big picture at any time, putting things into context. Written with both the student and the practicing actuary in mind, this pragmatic textbook and professional reference: Complements the standard pricing methods with a description of techniques devised for pricing specific products (e.g., non-proportional reinsurance and property insurance) Discusses methods applied in personal lines when there is a large amount of data and policyholders can be charged depending on many rating factors Addresses related topics such as how to measure uncertainty, incorporate external information, model dependency, and optimize the insurance structure Provides case studies, worked-out examples, exercises inspired by past exam questions, and step-by-step methods for dealing concretely with specific situations Pricing in General Insurance delivers a practical introduction to all aspects of general insurance pricing, covering data preparation, frequency analysis, severity analysis, Monte Carlo simulation for the calculation of aggregate losses, burning cost analysis, and more.
Download or read book Practical Data Analytics for Innovation in Medicine written by Gary D. Miner and published by Academic Press. This book was released on 2023-02-08 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical Data Analytics for Innovation in Medicine: Building Real Predictive and Prescriptive Models in Personalized Healthcare and Medical Research Using AI, ML, and Related Technologies, Second Edition discusses the needs of healthcare and medicine in the 21st century, explaining how data analytics play an important and revolutionary role. With healthcare effectiveness and economics facing growing challenges, there is a rapidly emerging movement to fortify medical treatment and administration by tapping the predictive power of big data, such as predictive analytics, which can bolster patient care, reduce costs, and deliver greater efficiencies across a wide range of operational functions. Sections bring a historical perspective, highlight the importance of using predictive analytics to help solve health crisis such as the COVID-19 pandemic, provide access to practical step-by-step tutorials and case studies online, and use exercises based on real-world examples of successful predictive and prescriptive tools and systems. The final part of the book focuses on specific technical operations related to quality, cost-effective medical and nursing care delivery and administration brought by practical predictive analytics. Brings a historical perspective in medical care to discuss both the current status of health care delivery worldwide and the importance of using modern predictive analytics to help solve the health care crisis Provides online tutorials on several predictive analytics systems to help readers apply their knowledge on today’s medical issues and basic research Teaches how to develop effective predictive analytic research and to create decisioning/prescriptive analytic systems to make medical decisions quicker and more accurate
Download or read book Wiley GAAP for Governments 2015 written by Warren Ruppel and published by John Wiley & Sons. This book was released on 2015-02-09 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essential reference for governmental GAAP application Wiley GAAP for Governments 2015 provides the latest information on GAAP, with coverage designed specifically for government entities. With a focus on the practical rather than the academic, this book provides insightful, up to date implementation information and explanations of the important developments in governmental GAAP that have occurred in the past year. Exclusive coverage includes school districts, public authorities, and individual pension plans financial statements, with a disclosure checklist that helps preparers ensure compliance. Visual aids help facilitate the reader's understanding of the material, providing a comprehensive guide to financial reporting for governments at the state and local level. This reliable guide is an industry favorite for its accessibility, completeness, and relevance, helping readers achieve and maintain compliance with minimal burden. Governmental accounting standards are continuously being released, growing in complexity with each iteration. Wiley GAAP for Governments is updated annually to provide the most up-to-date information available, with thorough explanations and expert implementation advice. Get up to speed on the newest accounting pronouncements Understand how GAAP applies to government bodies and pension plans Refer to disclosure checklists designed specifically for government entities Study flowcharts, diagrams, and charts to gain a deeper understanding This user-friendly guide is organized for easy navigation, and designed to help preparers quickly find, understand, and apply the information they need. Expert guidance through the increasing complexity of preparation and implementation of relevant changes is what makes Wiley GAAP for Governments 2015 the reference financial professionals keep on their desks rather than on their bookshelves.
Download or read book Financial Models of Insurance Solvency written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The First International Conference on Insurance Solvency was held at the Wharton School, University of Pennsylvania from June 18th through June 20th, 1986. The conference was the inaugural event for Wharton's Center for Research on Risk and Insurance. In atten dance were thirty-nine representatives from Australia, Canada, France, Germany, Israel, the United Kingdom, and the United States. The papers presented at the Conference are published in two volumes, this book and a companion volume, Classical Insurance Solvency Theory, J. D. Cummins and R. A. Derrig, eds. (Norwell, MA: Kluwer Academic Publishers, 1988). The first volume presented two papers reflecting important advances in actuarial solvency theory. The current volume goes beyond the actuarial approach to encom pass papers applying the insights and techniques of financial economics. The papers fall into two groups. The first group con sists of papers that adopt an essentially actuarial or statistical ap proach to solvency modelling. These papers represent methodology advances over prior efforts at operational modelling of insurance companies. The emphasis is on cash flow analysis and many of the models incorporate investment income, inflation, taxation, and other economic variables. The papers in second group bring financial economics to bear on various aspects of solvency analysis. These papers discuss insurance applications of asset pricing models, capital structure theory, and the economic theory of agency.
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
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 Wiley GAAP for Governments 2013 written by Warren Ruppel and published by John Wiley & Sons. This book was released on 2013-01-29 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most practical, authoritative guide to governmental GAAP Wiley GAAP for Governments 2013 is a comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities. Designed with the needs of the user in mind, this comprehensive resource presents the important developments in governmental GAAP during the past year. Full coverage of authoritative accounting standards Extremely useful and user-friendly examples, illustrations, and helpful practice hints A comprehensive guide to the accounting and financial reporting principles used by state and local governments as well as other governmental entities Provides a look ahead to the status of current and future Governmental Accounting Standards Board standards and projects Offers information on the very latest in standard-setting activities Also by Warren Ruppel: Governmental Accounting Made Easy Wiley GAAP for Governments 2013 is a thorough, reliable reference financial professionals will consistently keep on their desks rather than on their bookshelves.
Download or read book Care Without Coverage written by Institute of Medicine and published by National Academies Press. This book was released on 2002-06-20 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many Americans believe that people who lack health insurance somehow get the care they really need. Care Without Coverage examines the real consequences for adults who lack health insurance. The study presents findings in the areas of prevention and screening, cancer, chronic illness, hospital-based care, and general health status. The committee looked at the consequences of being uninsured for people suffering from cancer, diabetes, HIV infection and AIDS, heart and kidney disease, mental illness, traumatic injuries, and heart attacks. It focused on the roughly 30 million-one in seven-working-age Americans without health insurance. This group does not include the population over 65 that is covered by Medicare or the nearly 10 million children who are uninsured in this country. The main findings of the report are that working-age Americans without health insurance are more likely to receive too little medical care and receive it too late; be sicker and die sooner; and receive poorer care when they are in the hospital, even for acute situations like a motor vehicle crash.
Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1976 with total page 1004 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lists citations with abstracts for aerospace related reports obtained from world wide sources and announces documents that have recently been entered into the NASA Scientific and Technical Information Database.
Download or read book Wiley GAAP for Governments 2020 written by Warren Ruppel and published by John Wiley & Sons. This book was released on 2020-07-20 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to the accounting and financial reporting principles used by state and local governments As more governmental accounting standards are issued, preparers need clear guidance. The Wiley GAAP for Governments 2020: Interpretation and Application of Generally Accepted Accounting Principles for State and Local Governments guides preparers through the standards and their increasing complexity. This is a comprehensive guide to the accounting and financial reporting principles for state and local governments, as well as other government organizations. It has been written to address the needs of users and serve as a helpful resource. Wiley GAAP for Governments 2020 covers the key developments in governmental GAAP that occurred in 2019. Financial professionals can turn to this reliable reference for detailed information and guidance on implementing newly issued and revised standards. Charts and diagrams encourage enhanced understanding of the information. Practitioners will find that the book offers: Coverage of financial statements for school districts, public authorities, and pension plans Timely information about implementing accounting updates Content that stands as an application guide for practitioners Checklist for preparers to help ensure that all required disclosures are completed This thorough guide can help financial professionals successfully navigate the complexities of the latest governmental accounting standards. It is a practical resource for those who prepare the critical financial statements of government entities.
