'Pure premium' presentation slideshows

Determination of Geographical Territories

545 views • 47 slides

Issues in California Workers Compensation

Issues in California Workers Compensation. Michele Bernal, FCAS VP & Actuary, American Re 6/15/00. Issues in California Workers Comp. Overview of the Primary Market Trends in Primary Loss Costs Development of Primary Losses Legislative Initiatives Reinsurance Pricing .

354 views • 34 slides

Review for the First Exam

Review for the First Exam. Describe Exam Review Major Topics Provide Study Tips and Exam Strategies Sample Exam. First Exam When and Where?. Thursday, February 14, 2008 10:00-11:20 am In this classroom. First Exam. 20 Questions in Total Exam is Worth 30 Points.

719 views • 24 slides

Risk Retention Group

CAS Annual Meeting EMERGING ISSUES IN MEDICAL MALPRACTICE THE ROLE OF THE ACTUARY IN ALTERNATIVE INSURANCE MARKETS November 16, 2004 Richard B. Lord, FCAS MAAA Milliman, Inc. Risk Retention Group. Liability insurance company formed under the Risk Retention Act (RRA)

609 views • 19 slides

The Logjam Session

The Logjam Session. Glenn Meyers Insurance Services Office CAS Annual Meeting November, 2004 Full write-up and spreadsheet at: http://www.casact.org/cotor/round2.htm. You want to fit a distribution to 250 Claims. Knee jerk first reaction, plot a histogram. This will not do! Take logs.

163 views • 16 slides

390 views • 13 slides

Ratemaking

Actuarial functions Ratemaking Loss reserving Data collection and analysis Profitability analysis Competitive analysis Prepare statistical reports Mergers and acquisitions Planning. Actuarial services Staff actuaries Consulting actuaries Advisory organizations

468 views • 13 slides

Pricing Example 1

Pricing Example 1. $100,000 with prob. 0.02 Loss = $20,000 with prob. 0.08 0 with prob. 0.90 Find Fair Premium if policy provides full coverage underwriting costs = 20% of pure premium claims are paid at end of year interest rate = 8% claim processing costs = $5,000

180 views • 5 slides