Results 131 to 140 of about 27,041,647 (297)
Welfare implications of fair and accountable insurance pricing
Journal of Risk and Insurance, EarlyView.Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley +1 more source
BMC CancerBackground Frailty models are extensively utilized in survival analysis to address unobserved heterogeneity among individuals. However, selecting the most robust model for survival prediction, especially in the context of high-dimensional data, continues
Senyefia Bosson-Amedenu +3 more
doaj +1 more source
Dynamic capital allocation in general insurance
Journal of Risk and Insurance, EarlyView.Abstract This paper provides a model for allocating capital to different insurance lines with varying development periods for a value‐maximizing insurance company. In our model, the company makes capitalization and exposure decisions considering its capital level and its relevant loss history.
Qiheng Guo +2 more
wiley +1 more source
A joint model of cost and churn for the insurance industry
Journal of Risk and Insurance, EarlyView.Abstract In insurance markets, claim costs are highly variable, heavy‐tailed, and difficult to predict. At the same time, policyholder retention and lapse behavior (customer churn) are critical determinants of long‐term profitability and solvency. Most existing models in the literature treat claim costs and lapses as independent, overlooking potential ...
Yumo Dong +4 more
wiley +1 more source
An actuarial artificial intelligence for the game rock-paper-scissors
South African Journal of Science, 2018 Michael B. Jordan
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Journal of Risk and Insurance, EarlyView.Abstract This paper introduces a multi‐stage Overlapping Generations (OLG) model of workers and retirees, segmented by disability status and eligibility for Disability Pension (DP) benefits. Extending Gertler (1999) with progressive disability stages of distinct productivity and transition probabilities, and calibrated to US data, the model generates ...
Hangsuck Lee +3 more
wiley +1 more source
When indemnity insurance fails: Parametric coverage under binding budget and risk constraints
Journal of Risk and Insurance, EarlyView.Abstract In high‐risk environments, traditional indemnity insurance is often unaffordable or ineffective, despite its well‐known optimality under expected utility. We compare excess‐of‐loss indemnity insurance with parametric insurance within a common mean‐variance framework, allowing for fixed costs, heterogeneous premium loadings, and binding budget ...
Benjamin Avanzi +2 more
wiley +1 more source
Journal of Risk and Insurance, EarlyView.Abstract High‐emission private vehicles disproportionately contribute to urban air pollution and road accidents, both major public health threats and leading causes of death among young adults. Balancing individual driving behavior with collective environmental responsibility necessitates strategies that promote safer and cleaner driving.
Juan Sebastian Yanez +3 more
wiley +1 more source