Description: Reserving and ratemaking calculations are vital to how insurance companies perform financially. Current-day practices for predicting future loss ratio or pure premiums for reserving and ratemaking rates are not based on low prediction errors—mean squared error (MSE) criterion. This report provides mathematically optimal weights that lead to minimum MSE prediction errors, and the formulas are validated using retro-testing with real-world datasets. In this report, two main theorems are discussed, each addressing prediction of future loss ratio or pure premium and improving upon current practices for how rates and reserves are calculated.

Description: Comprehensive insurance covers theft and any vehicle damage not caused by a collision, but rather by natural causes or those of pure happenstance.

Description: This report focuses on analyzing and managing climate change and carbon risk in the equity investment portfolios of insurance company and pension fund assets.

Description: Collision coverage helps pay to repair or replace vehicles if damaged in an accident with another vehicle or object.

Description: Catastrophe & Climate Strategic Research Program Newsletter - January 2021

Description: This report focuses on analyzing and managing climate change and carbon risk in the equity investment portfolios of insurance company and pension fund assets.

Description: Read the June 2018 issue of General Insurance Insights published by the General Insurance Section of the SOA.

Description: Organizations representing the actuarial professions in Canada and the United States have updated the Actuaries Climate Index (ACI) with data from the winter of 2018–19, with the 1.00 value for the season contributing to an upward trend in the average ACI value for winter.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: March 2017 issue of Reinsurance News