Sometimes when I separately trend severity and freq it produces unusual projection. Is there something I should be careful of when separately trending severity and freq? Articles welcome
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I'm having a bit of trouble at work. I would like to model the losses for a particular group but I have very few claims (about 100 per year and only 5 years of historical data).
The thing is e...
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Hello everyone.
I'm looking for an on-line reference for considerations to be taken into account when estimating IBNR reserves using the plain-vanilla chain ladder method, specifically for tho...
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I have some questions about the mechanics of reserve discounting (not related to tax or exams). I apologize for initially posting this in the Part 7 thread, I had forgotten which thread I was rea...
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I know the basic structure of the program, the relative cost vs. workers compensation, and the general advanatages and disadvantages.
There appears to be signigicant cost savings (in the nei...
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Who assigns these and what determines if something is a CAT or not?
(I'm talking about Wilma being CAT #54, not the 1-5 hurricane scale.)
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I have heard amounts from $10,000 to $40,000, or just $200/hr and whatever it comes out to.
I was wondering if anyone had personal experience with this from an insurer or consultants point o...
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Anyone know of some good seminars/conferences for commercial lines (property) overview? Would like to learn about the coverages as well as pricing - not necessarily in one seminar.
Thanks!
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Wondering if anyone has any thoughts for the following question for a scholarship essay:
"Discuss the future of mutuality given the demographic shift from rural to urban living"
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To any ACAS/FCAS with 5-10 years of experience, a few questions:
1) What are your perceptions about the state of the job market for P/C actuaries? Are you receiving more/less calls from recrui...
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I'm putting together a Markov Chain based model to develop a distribution of IBNR estimates.
In short the method is as follows:
States = (IBNR, Nuisance, Open, Closed)
We have a tran...
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Can anyone recommend a clear, straightforward, soup-to-nuts paper/presentation on the Parallelogram Method? I'm almost embarrassed to ask this...I realize this method is very easy. But I'm finding...
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I hear that some companies are using PhDs instead of actuaries to do pricing segmentation . Does anyone know which companies have gone that route and how it's worked out for them?
Thanks
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Does anyone have a good resource for historical home price appreciation in Canada? Hopefully at as granular a level as possible?
Also, move this thread to the appropriate forum, if this isn't it....
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This just came out:
Quote:
GENERAL INSURANCE ISSUES
2007-G-5
July 30, 2007
National Insurance Act of 2007 Introduced in the U.S. House of Representatives
On Wednesday...
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WHAT IS THE POINT OF THAT JOURNAL? PLEASE SOMEONE TELL ME IF YOU KNOW THE ANSWER. THE 1ST ISSUE IS LAAAAAAAAAAAAAAME, THEY COULD HAVE PUT THE 5% DECENT STUFF IN THE PROCEEDINGS AND THE REST THEY...
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Hi,
It seems to me in the new AAA Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the US
http://www.actuary.org/qualstandards/qual.pdf [http://www.actuary....
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http://www.insurancejournal.com/news...7/27/82087.htm [http://www.insurancejournal.com/news/national/2007/07/27/82087.htm]>
Quote:
House Panel Postpones Today's Credit Sco...
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Is anyone familiar with this? It's basically taking the logs of incremental payments over a triangle and then using regression to model future incremental payments.
I just have a question abo...
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Suppose i have a set of 36 values for each month - one for each month for 3 years in a row.
I would like to test if annual seasonality exists in the data.
I know one way is just to eyeba...
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one thing i saw frequently in P/C job posings is "management reporting", though i don't know for sure what it is.
is it just freqency/severity, ep/we, mix of business, loss ratios by...
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Dumb question...anyone know the site to this? All I can seem to find that's anywhere close to useful is the WC page on the Texas DOI site.
TIA
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My boss is currently out of town until Monday, and management is asking for my help on some calculations they need completed ASAP. I would greatly appreciate any input on how to tackle this proble...
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Quote:
Originally Posted by actual headline
Young people between 15 and 24 years old are 3X as likely to cause car accident as senior citizens... De...
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Could anyone explain the purpose of a clash reinsurance treaty? It is mentioned in G.S. Patrick's chapter on reinsurance in FCAS that one of the purposes is "an obligation on the part of th...
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