Handbook On Loss Reserving
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Handbook on Loss Reserving
Author | : Michael Radtke,Klaus D. Schmidt,Anja Schnaus |
Publsiher | : Springer |
Total Pages | : 317 |
Release | : 2016-10-26 |
Genre | : Business & Economics |
ISBN | : 9783319300566 |
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This handbook presents the basic aspects of actuarial loss reserving. Besides the traditional methods, it also includes a description of more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques and the task of calculating best estimates and ranges of future losses. In property and casualty insurance the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of an insurer's balance sheet. For this reason, the determination and evaluation of these loss reserves is of considerable economic importance for every property and casualty insurer. Actuarial students, academics as well as practicing actuaries will benefit from this overview of the most important actuarial methods of loss reserving by developing an understanding of the underlying stochastic models and how to practically solve some problems which may occur in actuarial practice.
Loss Reserving
Author | : Gregory Taylor |
Publsiher | : Springer Science & Business Media |
Total Pages | : 396 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9781461545835 |
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All property and casualty insurers are required to carry out loss reserving as a statutory accounting function. Thus, loss reserving is an essential sphere of activity, and one with its own specialized body of knowledge. While few books have been devoted to the topic, the amount of published research literature on loss reserving has almost doubled in size during the last fifteen years. Greg Taylor's book aims to provide a comprehensive, state-of-the-art treatment of loss reserving that reflects contemporary research advances to date. Divided into two parts, the book covers both the conventional techniques widely used in practice, and more specialized loss reserving techniques employing stochastic models. Part I, Deterministic Models, covers very practical issues through the abundant use of numerical examples that fully develop the techniques under consideration. Part II, Stochastic Models, begins with a chapter that sets up the additional theoretical material needed to illustrate stochastic modeling. The remaining chapters in Part II are self-contained, and thus can be approached independently of each other. A special feature of the book is the use throughout of a single real life data set to illustrate the numerical examples and new techniques presented. The data set illustrates most of the difficult situations presented in actuarial practice. This book will meet the needs for a reference work as well as for a textbook on loss reserving.
Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance
Author | : Robert L. Brown,Leon R. Gottlieb |
Publsiher | : ACTEX Publications |
Total Pages | : 204 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9781566986113 |
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Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance
Author | : Robert L. Brown |
Publsiher | : Unknown |
Total Pages | : 0 |
Release | : 2022 |
Genre | : Casualty insurance |
ISBN | : 1647568544 |
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"This text provides a basic foundation of knowledge concerning two fundamental building blocks of property/casualty actuarial work: ratemaking and loss reserving. Although the material is of property/casualty origins, the methods presented have potential application in other insurance areas including health insurance and risk management. The text contains a number of worked examples and end-of-chapter exercises"--
Handbook on Loss of Hire Insurance
Author | : Haakon Stang Lund |
Publsiher | : Unknown |
Total Pages | : 165 |
Release | : 2008 |
Genre | : Business income insurance |
ISBN | : 8205386382 |
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Chapter 16 of the Norwegian Marine Insurance Plan was quite considerably amended in the 2003 version of the Plan. In the current 2007 version one substantive amendment was made to § 16-7, and one editorial amendment was made to § 16-12 as a result of the abolishment of the concept seaworthiness in § 3-22 of the Plan. The need for a second edition of the Handbook on Loss of Hire Insurance was, therefore, really overdue.
Loss Reserving
Author | : Greg Taylor |
Publsiher | : Unknown |
Total Pages | : 35 |
Release | : 2015 |
Genre | : Electronic Book |
ISBN | : OCLC:1306453828 |
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The paper reviews the development of loss reserving models over the past, classifying them according to an elementary taxonomy. The taxonomic components include (1) the algebraic structure of the model, (2) the form of its parameter estimation, (3) whether or not it is explicitly stochastic, and (4) whether or not its parameters evolve over time. Particular attention is given to one of the higher species of model, involving complex structure, optimal estimation, and evolutionary parameters. A generalisation of the Kalman filter is considered as a basis of adaptive loss reserving in this case. Real life numerical examples are provided.Some implications of this type of data analysis for loss reserving are discussed, with particular reference to the form of data set used. The use of triangular arrays is questioned, and alternatives examined. Again, real life numerical examples are provided.
Claims Reserving in General Insurance
Author | : David Hindley |
Publsiher | : Cambridge University Press |
Total Pages | : 513 |
Release | : 2017-10-26 |
Genre | : Business & Economics |
ISBN | : 9781107076938 |
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This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.
The Handbook of Credit Risk Management
Author | : Sylvain Bouteille,Diane Coogan-Pushner |
Publsiher | : John Wiley & Sons |
Total Pages | : 423 |
Release | : 2021-12-29 |
Genre | : Business & Economics |
ISBN | : 9781119835646 |
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Discover an accessible and comprehensive overview of credit risk management In the newly revised Second Edition of The Handbook of Credit Risk Management: Originating, Assessing, and Managing Credit Exposures, veteran financial risk experts Sylvain Bouteillé and Dr. Diane Coogan-Pushner deliver a holistic roadmap to credit risk management (CRM) ideal for students and the busy professional. The authors have created an accessible and practical CRM resource consistent with a commonly implemented risk management framework. Divided into four sections—Origination, Credit Assessment, Portfolio Management, and Mitigation and Transfer—the book explains why CRM is critical to the success of large institutions and why organizational structure matters. The Second Edition of The Handbook of Credit Risk Management also includes: Newly updated and enriched data, charts, and content Three brand new chapters on consumer finance, state and local credit risk, and sovereign risk New ancillary material designed to support higher education and bank credit training educators, including case studies, quizzes, and slides Perfect for risk managers, corporate treasurers, auditors, and credit risk underwriters, this latest edition of The Handbook of Credit Risk Management will also prove to be an invaluable addition to the libraries of financial analysts, regulators, portfolio managers, and actuaries seeking a comprehensive and up-to-date guide on credit risk management.