Recently added articles from Journal of Risk and Insurance:
Number of accidents or number of claims? An approach with zero-inflated Poisson models for panel data.(Report)
Dec 01, 2009; ... ABSTRACT The hunger for bonus is a well-known phenomenon in insurance, meaning that the insured does not report all of his accidents to save bonus on his next year's premium. In this article, we assume that the number of accidents is based on a Poisson distribution but that the ...
Bounds for right tails of deterministic and stochastic sums of random variables.
Dec 01, 2009; ... ABSTRACT We investigate lower and upper bounds for right tails (stop-loss premiums) of deterministic and stochastic sums of nonindependent random variables. The bounds are derived using the concepts of comonotonicity, convex order, and conditioning. The performance of the ...
An empirical investigation of the effect of growth on short-term changes in loss ratios.(Report)
Dec 01, 2009; ... ABSTRACT Given the use of premium growth as a risk measure in regulatory and private risk assessment models, the impact of growth on underwriting profitability is an important question. Our results show a negative relationship between premium growth and changes in loss ratios, ...
The impact of the secondary market on life insurers' surrender profits.
Dec 01, 2009; ... ABSTRACT Life insurers often claim that the life settlement industry reduces their surrender profits and leads to an adverse shift in their portfolio of insured risks; that is, high risks remain in the portfolio instead of surrendering. In this article, we aim to quantify the ...
The financial crisis, systemic risk, and the future of insurance regulation.
Dec 01, 2009; ... ABSTRACT This article considers the role of American International Group (AIG) and the insurance sector in the 2007-2009 financial crisis and the implications for insurance regulation. Following an overview of the causes of the crisis, I explore the events and policies that ...