Results 141 to 150 of about 6,066 (163)
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Bayesian ratemaking under Dirichlet process mixtures
Communications in Statistics - Theory and Methods, 2016ABSTRACTExperience ratemaking plays a crucial role in general insurance in determining future premiums of individuals in a portfolio by assessing observed claims from the whole portfolio. This paper investigates this problem in which claims can be modeled by certain parametric family of distributions.
J. Zhang, J. Huang, X. Wu
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Moving toward more ratemaking incentives
The Electricity Journal, 1992Abstract The traditional ratemaking process sends utilities confusing signals about what kind of performance is valued. New York and other states are taking the first steps to tie rewards to better indicia of performance— but there's still no magic formula.
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Insurance Ratemaking and a Gini Index
Journal of Risk and Insurance, 2013AbstractWelfare economics uses Lorenz curves to display skewed income distributions and Gini indices to summarize the skewness. This article extends the Lorenz curve and Gini index by ordering insurance risks; the ordering variable is a risk‐based score relative to price, known as a relativity.
Edward W. (Jed) Frees +2 more
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Ratemaking of Natural Risks in Agriculture [PDF]
Journal of Insurance Issues, 1988 Agricultural risks are characterized by infrequent, but catastrophic losses. Agricultural insurance programs, therefore, often take the form of mutual long-term arrangements, where the risk is being shared on the basis of a temporal spread of the financial burden. The insurance arrangement is, thus, analogous to a loan.
Iskander S. Hamwi, Edward Nissan
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Streamlined Ratemaking: Recognizing Challenges for Consumers
The Electricity Journal, 2010Streamlined ratemaking can be problematic if improper ratemaking practices are employed, consumers are forced to bear risks that have traditionally been born by utilities and their shareholders, and utilities are no longer strongly motivated to provide safe and reliable service at the lowest reasonable cost. Measures can be taken that help preserve the
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Government Control of International Ratemaking
1978Ratemaking in international air transport is, as already noted in the Introduction to this book, a matter of vital importance for airlines, consumers and Governments. For airlines the level of international air fares and rates forms one of the cornerstones of their economic viability.
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Advanced Motor Ratemaking and Detailed Analysis
SSRN Electronic Journal, 2014In General Insurance arena, there is considerable friction between the market prices quoted by marketing agents and underwriters as compared to what an actuary decides, especially in developing and emerging economies. The fundamental reason for this is the insurance/underwriting/claims cycle.
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The Regulatory Framework of International Ratemaking
1978The basis of the regulatory framework of postwar international civil aviation was laid by the International Civil Aviation Conference, held at Chicago in 1944.(1) This Conference, a great success in the technical field of civil aviation, left many economic questions of postwar international civil aviation unresolved.
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