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2005

Discipline
Institution
Keyword
Publication

Articles 31 - 36 of 36

Full-Text Articles in Insurance

Modeling Insurance Loss Data: The Log-Eig Distribution, Uditha Balasooriya, Chan Kee Low, Adrian Y.W. Wong Jan 2005

Modeling Insurance Loss Data: The Log-Eig Distribution, Uditha Balasooriya, Chan Kee Low, Adrian Y.W. Wong

Journal of Actuarial Practice (1993-2006)

The log-EIG distribution was recently introduced to the probability literature. It has positive support and a moderately long tail, and is closer to the lognormal than to the gamma or Weibull distributions. Our simulations show that data generated from a log-EIG distribution cannot be adequately described by lognormal, gamma, or Weibull distributions. The log-EIG distribution is a worthwhile candidate for modeling insurance claims (loss) data or lifetime data. Examples of fitting the log-EIG to published insurance claims data are given.


Reputation Pricing: A Model For Valuing Future Life Insurance Policies, Rami Yosef Jan 2005

Reputation Pricing: A Model For Valuing Future Life Insurance Policies, Rami Yosef

Journal of Actuarial Practice (1993-2006)

The reputation of a life insurer is used to develop a model for determining the value of future life insurance policies. An M / G / 00 process is used to describe the sales and terminations (due to death or maturity) of future policies. The intensity of the arrival process is assumed to depend on the company's reputation. Explicit expressions are derived for the actuarial reserves and expected profits of these future policies.


An Application Of Control Theory To The Individual Aggregate Cost Method, Alexandros A. Zimbidis, Steven Haberman Jan 2005

An Application Of Control Theory To The Individual Aggregate Cost Method, Alexandros A. Zimbidis, Steven Haberman

Journal of Actuarial Practice (1993-2006)

The paper investigates the individual aggregate cost method (also known as the individual spread-gain method), which is normally applicable in small pension funds or fully contributory schemes, using a control theoretical framework. We construct the difference equations describing the mechanisms of the respective funding method and then calculate the optimal control path of the contribution rate assuming (first) a stochastic and (second) a deterministic pattern for the future investment rates of return. For the first case, the optimal solution is achieved through a linear approximation and using stochastic optimization techniques. It is proved that the contribution rate is (optimally) controlled …


2005 Enterprise Plan Summary, Blue Cross And Blue Shield Of Florida, Inc. Jan 2005

2005 Enterprise Plan Summary, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

2005 Enterprise Plan Summary.


Brochure: Jacksonville Host Committee Super Bowl Xxxix: Let The Voyage Begin With You On Board!, Jacksonville Host Committee Jan 2005

Brochure: Jacksonville Host Committee Super Bowl Xxxix: Let The Voyage Begin With You On Board!, Jacksonville Host Committee

Florida Blue Archives Printed Materials

No abstract provided.


Volunteer Application: Jacksonville Host Committee Super Bowl Xxxix: The Voyage Starts With You, Jacksonville Host Committee Jan 2005

Volunteer Application: Jacksonville Host Committee Super Bowl Xxxix: The Voyage Starts With You, Jacksonville Host Committee

Florida Blue Archives Printed Materials

No abstract provided.