Description: This paper addresses the autoregressive model and shows that the boundedness restriction can be removed from the basic result on the probability of ruin. From Actuarial Research Clearing House 1991, VOL. 1.

Description: An updated and expanded translation of the 1863 Theory of Life Insurance Premium Reserves by Dr. August Zillmer, Stettin, Prussia. This is a seminal paper for the life insurance reserve method used extensively in Europe.

Description: This paper presents a method for analyzing the experience of a stop-loss underwriter to develop a claim continuance table. This method is designed to deal with the limitations presented from certain limited information so as to get the most out of the available information. To the extent this approach is succesful, the credibility of the experience analysis will be maximized, thus minimizing the reliance on external data. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This paper develops a parametric model for health care insurance claims using currently available software to fit parametric models to the data. Model selection is based on the Chi-squared goodness-of-fit test and a comparison of the empirical limited expected value function to parametric limited expected value functions. From Actuarial Research Clearing House 1993, VOL. 3.

Description: In recent years a lot of time has been spent discussing a variety of different ways to measure the performance of an insurance company. One of the dominating concepts in the discussion of this has been 'Economic Capital' and with this the question of allocation of the [Economic] Capital with the intention of introducing a risk related measure of performance. In this paper, the authors view the performance measuring as a question of determining the appropriate distribution of a risk loading for participants in a risk pool having the overall risk priced by an actuarial premium principle. They show that the covariance principle can be found as the optimal solution to this risk sharing problem and show that the covariance principle fulfills some reasonable requirements. They furthermore suggest how the covariance principle can be at the basis of a target setting procedure for a multi-line insurance company.

Description: This paper addresses a study of surplus with the following goals in mind: 1. Determine surplus available for financing additional business, including new ventures. 2. Facilitate measurement of financial performance by line of business consistent with reasonable corporate goals. 3. Provide a mechanism for evaluating alternative strategies based on their estimated marginal effect on the company's ability to meet the above corporate goal. From Actuarial Research Clearing House ARCH 1988, Vol. 3

Description: One of the most important influences on the development of an insurance market and on the development of professions, such as the actuarial profession, is the nature of regulation. This paper looks at four main economic models of regulation: 1. Market socialism, 2. Freedom with publicity, 3. Public interest, and 4. Public choice theory. The role of profession and other sophisticated products of the market order are also analysed.

Description: This is the abstract for the referenced paper on the subject of Lundberg bounds on the tails of compound distributions. From ACTUARIAL RESEARCH CLEARING HOUSE 1980 VOL. 2.

Description: The purpose of this paper is to perform conjugate Bayesian analysis on the negative binomial distribution with the goal of providing a standard by which approximate credibility formulas and approximate predictive distriubtion may be judged. From Actuarial Research Clearing House 1993, VOL. 1.

Description: It is the purpose of this paper to demonstrate in a mathematically rigorous manner that compound interest as usually understood is uniquely given by [l+i]^t for all real t.