Results 131 to 140 of about 6,066 (163)

Risk Considerations in Insurance Ratemaking

The Journal of Risk and Insurance, 1978
This paper examines insurance pricing and its regulation in the context of efficient capital markets. Starting with an aggregated model and generalizing results reported recently in the literature about “proper” underwriting profit, the paper turns to disaggregation of the model with m insurance lines.
Nahum Biger, Yehuda Kahane
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Exponential Utility Theory Ratemaking: An Alternative Ratemaking Approach

The Journal of Risk and Insurance, 1979
The alternative ratemaking methodology proposed here is based on the use of an exponential utility function to describe an insurer's attitude toward risk. Justification for a utility theory approach is provided by considering the relationship between risk, uncertainty, and ratemaking. The specific choice of the exponential utility function results from
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Credibility ratemaking using collateral information

Scandinavian Actuarial Journal, 2004
Credibility ratemaking is a technique used in pricing health care, property and casualty, workers’ compensation, and group life coverages. It has been a part of actuarial practice since the time of Mowbray's (1914) contribution. In earlier work, we showed how many types of credibility models could be expressed as special cases of mixed linear models ...
Yu Luo, Virginia R. Young, Edward W. Frees   +2 more
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Retroactive Ratemaking Denied

Journal AWWA, 1993
In 1987, the Montana legislature mandated that private water service providers were to pay for maintaining pipelines from the main to the owner's property line. The day the law went into effect, Mountain Water Company filed a complaint in the federal courts against the state Public Service Commission (PSC), seeking to have the law declared ...
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Retroactive Ratemaking Permitted

Journal AWWA, 1988
The Supreme Court of Rhode Island permitted a city water utility to institute a retroactive water rate to repay its loan from the city.
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Water Utility Ratemaking

Journal AWWA, 1966
This article concludes that the Wisconsin Public Service Commission encourages municipal utilities to establish water rates that will provide sufficient revenues to continue adequate water service. The commission is also concerned with the needs of the state of Wisconsin and the need for water rate schedules that will help in attracting and holding ...
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General Insurance Deductible Ratemaking

North American Actuarial Journal, 2017
Insurance 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.
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Ratemaking Methodology Deemed Improper

Journal AWWA, 1988
In litigation over water rates, an appellate court found that the rates charged by the City of Detroit did not reflect the actual cost of providing water to the City of Novi, Michigan, and that Novi was entitled to a refund.
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Review of Ratemaking Theories

Journal AWWA, 1966
It is the author's observation that most rates are based upon past and present costs with too little, if any, consideration of what costs will be over the period during which the rates will be in effect. This results in immediate attrition in the net income from the new rates.
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Two-step risk analysis in insurance ratemaking

Scandinavian Actuarial Journal, 2020
Recently, Heras et al. (2018. An application of two-stage quantile regression to insurance ratemaking.
Seul Ki Kang, Liang Peng, Andrew Golub
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