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General Insurance Deductible Ratemaking
North American Actuarial Journal, 2017Insurance claims have deductibles, which must be considered when pricing for insurance premium. The deductible may cause censoring and truncation to the insurance claims. However, modeling the unobserved response variable using maximum likelihood in this setting may be a challenge in practice.
Gee Y. Lee
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Journal of the Royal Statistical Society Series A: Statistics in Society
M. Aalabaf-Sabaghi
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M. Aalabaf-Sabaghi
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Two-Stage Data Envelopment Analysis Efficiency of Indian General Insurance Companies
Global Business Review, 2021The present study compares efficiency-related performance of 15 Indian general insurance companies using a two-stage efficiency evaluation model. Efficiency evaluation has been made for the span 2009–2010 to 2017–2018 using network DEA (data envelopment ...
R. Sinha
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Generalized Insurer Bargaining
SSRN Electronic Journal, 2015We incorporate repeated interaction and limits on the number of simultaneous negotiations by the same insurer into the standard multi-lateral insurer-hospital Nash-In-Nash (NiN) bargaining model. This approach is motivated by our finding that under common assumptions, the NiN model predicts a market breakdown with sufficiently high hospital bargaining ...
Guy Arie +2 more
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ASTIN Bulletin: The Journal of the International Actuarial Association, 2019
This paper focuses on the estimation and application aspects of the Erlang count logit-weighted reduced mixture of experts model (EC-LRMoE), which is a fully flexible multivariate insurance claim frequency regression model.
Tsz Chai Fung, A. Badescu, X. S. Lin
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This paper focuses on the estimation and application aspects of the Erlang count logit-weighted reduced mixture of experts model (EC-LRMoE), which is a fully flexible multivariate insurance claim frequency regression model.
Tsz Chai Fung, A. Badescu, X. S. Lin
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A Class of Mixture of Experts Models for General Insurance: Theoretical Developments
Insurance, Mathematics & Economics, 2019In the Property and Casualty (PC and Expert functions, which govern the distributional properties of the claims. Also, upon the development of denseness theory in regression setting, we can heuristically interpret the LRMoE as a “fully flexible” model to
Tsz Chai Fung, A. Badescu, X. Lin
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Generational Equity and Social Insurance
Journal of Medicine and Philosophy, 1988In recent years, critics have argued that, when inter-generational transfer programs such as Medicare are judged by the standard of "generational equity", these programs are seen to be unfair. It is argued that, under a pay-as-you-go system, future generations are committed to burdens without their consent; that claims are not contractually guaranteed;
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Centurion General Insurance Company
Indian Institute of Management Ahmedabad, 2019The case concerns a situation where a manager finds that a candidate for the new position of supervisor for the Sports and Recreation Centre in the housing colony of the company is someone with whom she has a troubling history. She approaches the General Manager, HR and shares the details of her experiences and her concerns about this person's ...
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General Health Insurance Coverage
2020The determination and management of health policies in Turkey has a fragmented appearance. Accordingly, different institutions have undertaken different tasks in the field of health. As a matter of fact, although the basic task is convened in the Ministry of Health, it is seen that various public institutions and private organizations are active in ...
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Actuaries and general insurance
Journal of the Institute of Actuaries, 19861.1 At the 1984 seminar of the Institute's General Insurance Study Group the author presented a draft of some guidance notes which were intended to be the starting point for establishing a framework of recognized good practice for United Kingdom actuaries working in general insurance. The draft.
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