Introduction to ratemaking and loss reserving for property and casualty insurance
By: Robert L. Brown, Leon R. Gottlie.
Contributors: Gottlieb, Leon R.
Edition: 3rd ed.
Publisher: ACTEX Publications, Inc.
Published: 2007
Place of publication: Winsted, Conn
Language: eng
ISBN-13: 9781566986113
Subjects: Insurance, Property -- Rates -- United States; Insurance, Casualty -- Rates -- United States; Insurance -- United States -- Reserves
Notes: Includes index.
Table of contents: title: Preface; title: Acknowledgements; title: Preface to second edition; title: Why insurance?; title: The evolution of insurance; title: How insurance works; title: Insurance and utility; title: What makes a risk insurable; title: What insurance is and is not; title: Risk, peril, and hazard; title: Purchase of insurance: other reasons; title: Exercises; title: Coverages; title: Introduction; title: Automobile insurance; title: Liability insurance (Section A); title: Medical benefits (Section B); title: Uninsured and under insured motorist coverage; title: Collision and other than collision (Section C); title: Homeowners insurance; title: Tenants package; title: Workers compensation; title: Fire insurance; title: Marine insurance; title: Liability insurance; title: Limits to coverage; title: Deductibles; title: Policy limits; title: Conclusion; title: Exercises; title: Ratemaking; title: Introduction; title: Objectives of ratemaking; title: Essential objectives; title: Non-essential but desirable objectives; title: Frequency and severity; title: Data for ratemaking; title: Accident year; title: Policy year; title: Calendar year; title: Premium data; title: The exposure unit; title: The expected effective period; title: Ingredients of ratemaking; title: Loss-development factors; title: Trend factors; title: Expenses; title: Loading for profit and contingencies; title: Credibility factors; title: Investment income; title: Rate changes; title: Overall average rate change; title: Changing risk classification differentials; title: Balancing back; title: Summary of the rate change procedure; title: Exercises; title: Loss reserving; title: Introduction; title: How outstanding benefits arise; title: Definition of terms; title: Individual claim file estimates; title: Gross IBNR; title: Paid loss development; title: Incurred loss development; title: Salvage and subrogation; title: Loss adjustment expenses; title: Fast track reserves; title: Professional considerations; title: Checking the data; title: Loss reserving methods; title: Case reserves plus; title: The expected loss ratio method; title: The chain-ladder or loss-development triangle method; title: The bornhuetter-ferguson method; title: Estimates split into frequency and severity; title: Summary; title: Discounting loss reserves; title: Exercises; title: Intermediate topics; title: Individual risk rating plans; title: Increased limits factors; title: Data considerations; title: Loss development; title: Trend; title: Risk; title: Expenses; title: Loss distributions; title: Reinsurance; title: Reserving for reinsurance; title: Exercises; title: Appendix A; title: Answers to text exercises; title: Index 185.