Risk Classification In Life Insurance

Author : J. David Cummins,B.D. Smith,R.N. Vance,J.L. Vanderhel
Publisher : Springer Science & Business Media
Page : 345 pages
File Size : 51,9 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9789401729116

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Risk Classification in Life Insurance by J. David Cummins,B.D. Smith,R.N. Vance,J.L. Vanderhel Pdf

The research project leading to this book was initiated in the fall of 1979 when the American Council of Life Insurance (ACLI) contacted Dan McGill, chairman of the Wharton School Insurance Department, about conducting a study on risk classification in life insurance. The ACLI was concerned about legislative and judicial activity in this area and its potential effects on the life insurance industry. A meeting was held at the ACLI offices in Washington, D.C., between several members of the ACLI staff and Dan McGill and David Cummins representing the Wharton School insurance department. An agreement was reached that a study would be conducted at Wharton dealing with issues in risk classification. Although the staff of the ACLI suggested directions the study might take, it was agreed that the design and execution of the study would be solely under the control of the researchers. The researchers also retained unrestricted publication rights in the results of the study. This agreement has been honored by the ACLI during the course of the project.

Author : J. David Cummins,R. Neil Vance,Barry D. Smith
Publisher : Unknown
Page : 128 pages
File Size : 49,7 Mb
Release : 1982-05-01
Category : Life insurance
ISBN : 0669051128

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Risk Classification in Life Insurance by J. David Cummins,R. Neil Vance,Barry D. Smith Pdf

Author : J. David Cummins,B.D. Smith,R.N. Vance,J.L. Vanderhel
Publisher : Springer
Page : 336 pages
File Size : 55,6 Mb
Release : 2014-03-14
Category : Business & Economics
ISBN : 9401729123

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Risk Classification in Life Insurance by J. David Cummins,B.D. Smith,R.N. Vance,J.L. Vanderhel Pdf

The research project leading to this book was initiated in the fall of 1979 when the American Council of Life Insurance (ACLI) contacted Dan McGill, chairman of the Wharton School Insurance Department, about conducting a study on risk classification in life insurance. The ACLI was concerned about legislative and judicial activity in this area and its potential effects on the life insurance industry. A meeting was held at the ACLI offices in Washington, D.C., between several members of the ACLI staff and Dan McGill and David Cummins representing the Wharton School insurance department. An agreement was reached that a study would be conducted at Wharton dealing with issues in risk classification. Although the staff of the ACLI suggested directions the study might take, it was agreed that the design and execution of the study would be solely under the control of the researchers. The researchers also retained unrestricted publication rights in the results of the study. This agreement has been honored by the ACLI during the course of the project.

Author : Witherby and Co. Ltd., Staff
Publisher : Unknown
Page : 128 pages
File Size : 50,6 Mb
Release : 1982
Category : Electronic
ISBN : 078554237X

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Risk Classification in Life Insurance (Netherlands) by Witherby and Co. Ltd., Staff Pdf

Author : Barbara Casey,Jacques Pezier,Carl Spetzler
Publisher : Unknown
Page : 128 pages
File Size : 46,5 Mb
Release : 1976
Category : Automobile insurance
ISBN : OCLC:3588470

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The Role of Risk Classification in Property and Casualty Insurance by Barbara Casey,Jacques Pezier,Carl Spetzler Pdf

Author : Michel Denuit,Donatien Hainaut,Julien Trufin
Publisher : Springer Nature
Page : 441 pages
File Size : 54,9 Mb
Release : 2019-09-03
Category : Business & Economics
ISBN : 9783030258207

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Effective Statistical Learning Methods for Actuaries I by Michel Denuit,Donatien Hainaut,Julien Trufin Pdf

This book summarizes the state of the art in generalized linear models (GLMs) and their various extensions: GAMs, mixed models and credibility, and some nonlinear variants (GNMs). In order to deal with tail events, analytical tools from Extreme Value Theory are presented. Going beyond mean modeling, it considers volatility modeling (double GLMs) and the general modeling of location, scale and shape parameters (GAMLSS). Actuaries need these advanced analytical tools to turn the massive data sets now at their disposal into opportunities. The exposition alternates between methodological aspects and case studies, providing numerical illustrations using the R statistical software. The technical prerequisites are kept at a reasonable level in order to reach a broad readership. This is the first of three volumes entitled Effective Statistical Learning Methods for Actuaries. Written by actuaries for actuaries, this series offers a comprehensive overview of insurance data analytics with applications to P&C, life and health insurance. Although closely related to the other two volumes, this volume can be read independently.

Author : Guy Thomas
Publisher : Cambridge University Press
Page : 285 pages
File Size : 49,7 Mb
Release : 2017-05-11
Category : Business & Economics
ISBN : 9781107100336

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Loss Coverage by Guy Thomas Pdf

A novel book that argues that, contrary to received wisdom, some adverse selection in insurance markets is beneficial to society as a whole. It is for all those interested in public policy arguments about insurance and discrimination: policymakers, academics, actuaries, underwriters, disability activists, geneticists and other medical professionals.

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 1133 pages
File Size : 42,8 Mb
Release : 2013-12-02
Category : Business & Economics
ISBN : 9781461401551

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Handbook of Insurance by Georges Dionne Pdf

This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Author : Luis Lobo-Guerrero
Publisher : Routledge
Page : 176 pages
File Size : 42,8 Mb
Release : 2016-04-20
Category : Political Science
ISBN : 9781134743919

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Insuring Life by Luis Lobo-Guerrero Pdf

This book is a contribution to the scholarly engagement with the wider problem of governing through risk and the politics of uncertainty. It takes life insurance as an empirical site from which to ask: what is the kind of governance created through insurance an instance of, and how does it contribute to the transcendence of liberalism? By making a distinction between capable life as object of insurance, and potential life as that which escapes its control, the book conducts a historical epistemological analysis of the problems of valuation, truth production, securitisation, classification, and gendering that constitute life insurance products and practices. Insuring Life offers a critical engagement with the epistemology of life insurance to demonstrate the unnecessary and precarious character of the conditions that make this instrument of liberal governance possible. It concludes that the transcendence of liberalism relies on the technological agency of these instruments and that its challenge begins by redefining the terms under which the potential of life, if invaluable, is to be thought as event. The book follows Insuring War as the third of a trilogy that analyses how concepts and practices of power, risk and security materialise in the form of insurance as a central instrument of governance in the liberal world. It will be of great use to scholars, researchers, and postgraduate students of political economy, critical security studies and political theory, the biopolitics of security and post-structural politics. Insuring War: https://www.routledge.com/products/search?keywords=insuring+war Insuring Security: https://www.routledge.com/Insuring-Security-Biopolitics-security-and-risk/Lobo-Guerrero/p/book/9780415522854

Author : Edward E. Graves
Publisher : Unknown
Page : 800 pages
File Size : 44,8 Mb
Release : 2009-01
Category : Electronic
ISBN : 1932819762

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McGill's Life Insurance by Edward E. Graves Pdf

This text covers all the topics that constitute the foundation for the study of more specialized aspects of life insurance. Topics includer term insurance, whole life insurance, universal life insurance, variable life insurance, policy illustrations, tax treatment, family and business uses of insurance, risk measurement and classification, time value of money, reserves, net and gross premiums, surrender values, reinsurance, regulation, types of carriers, group life insurance, and the incontestable clause. With an emphasis on primary principles, McGill's combines theory and principles of life insurance with applications in today's dynamic environment.

Author : Tomas Cipra
Publisher : Springer Science & Business Media
Page : 413 pages
File Size : 44,5 Mb
Release : 2010-07-16
Category : Business & Economics
ISBN : 9783790825930

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Financial and Insurance Formulas by Tomas Cipra Pdf

Financial and insurance calculations become more and more frequent and helpful for many users not only in their profession life but sometimes even in their personal life. Therefore a survey of formulas of ?nancial and insurance mathematics that can be applied to such calculations seems to be a suitable aid. In some cases one should use instead of the term formula more suitable terms of the type method, p- cedure or algorithm since the corresponding calculations cannot be simply summed up to a single expression, and a verbal description without introducing complicated symbols is more appropriate. The survey has the following ambitions: • The formulas should be applicable in practice: it has motivated their choice for this survey ?rst and foremost. On the other hand it is obvious that by time one puts to use in practice seemingly very abstract formulas of higher mathematics, e.g. when pricing ?nancial derivatives, evaluating ?nancial risks, applying accou- ing principles based on fair values, choosing alternative risk transfers ARL in insurance, and the like. • The formulas should be error-free (though such a goal is not achievable in full) since in the ?nancial and insurance framework one publishes sometimes in a h- tic way various untried formulas and methods that may be incorrect. Of course, the formulas are introduced here without proofs because their derivation is not the task of this survey.

Author : Institute of Medicine,Committee on Employment-Based Health Benefits
Publisher : National Academies Press
Page : 381 pages
File Size : 55,6 Mb
Release : 1993-02-01
Category : Medical
ISBN : 9780309048279

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Employment and Health Benefits by Institute of Medicine,Committee on Employment-Based Health Benefits Pdf

The United States is unique among economically advanced nations in its reliance on employers to provide health benefits voluntarily for workers and their families. Although it is well known that this system fails to reach millions of these individuals as well as others who have no connection to the work place, the system has other weaknesses. It also has many advantages. Because most proposals for health care reform assume some continued role for employers, this book makes an important contribution by describing the strength and limitations of the current system of employment-based health benefits. It provides the data and analysis needed to understand the historical, social, and economic dynamics that have shaped present-day arrangements and outlines what might be done to overcome some of the access, value, and equity problems associated with current employer, insurer, and government policies and practices. Health insurance terminology is often perplexing, and this volume defines essential concepts clearly and carefully. Using an array of primary sources, it provides a store of information on who is covered for what services at what costs, on how programs vary by employer size and industry, and on what governments doâ€"and do not doâ€"to oversee employment-based health programs. A case study adapted from real organizations' experiences illustrates some of the practical challenges in designing, managing, and revising benefit programs. The sometimes unintended and unwanted consequences of employer practices for workers and health care providers are explored. Understanding the concepts of risk, biased risk selection, and risk segmentation is fundamental to sound health care reform. This volume thoroughly examines these key concepts and how they complicate efforts to achieve efficiency and equity in health coverage and health care. With health care reform at the forefront of public attention, this volume will be important to policymakers and regulators, employee benefit managers and other executives, trade associations, and decisionmakers in the health insurance industry, as well as analysts, researchers, and students of health policy.

Author : R.D.C. Brackenridge,R. Croxson,Ross Mackenzie
Publisher : Springer
Page : 1085 pages
File Size : 43,6 Mb
Release : 2016-02-26
Category : Law
ISBN : 9781349723249

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Brackenridge's Medical Selection of Life Risks by R.D.C. Brackenridge,R. Croxson,Ross Mackenzie Pdf

The fifth edition of this leading reference book on insurance medicine, provides a comprehensive guide to life expectancy for underwriters and clinicians involved in the life insurance industry. Extensively revised and expanded, the new edition reflects developments in life and healthcare insurance as well as medicine.

Author : Mark A. Rothstein
Publisher : MIT Press
Page : 320 pages
File Size : 47,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 026218236X

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Genetics and Life Insurance by Mark A. Rothstein Pdf

Experts discuss the economic, legal, and social issues surrounding the use of genetic testing in determining eligibility for life insurance. Insurance companies routinely use an individual's medical history and family medical history in determining eligibility for life insurance; this is part of the process of medical underwriting. Insurers have also long used genetic information, often derived from family history, in underwriting. But rapid advances in gene identification and genetic testing are changing the way we look at genetic information. Should the results of genetic testing (which might identify a predisposition toward disease not related to medical history) be available to life insurance medical underwriters? Few if any life insurers currently require genetic testing, but there are no laws or regulations prohibiting its use. Genetics and Life Insurance examines the complex economic, legal, and social issues surrounding the use of genetic information in life insurance underwriting. The contributors are legal scholars, representatives of the life insurance industry (including an actuary and an insurance physician), a geneticist, a genetic counselor, a philosopher, and a consumer advocate. They explore all aspects of an issue that has only recently drawn the attention of policymakers and the public. The book opens with a report on the results of a public opinion poll on genetics and life insurance. Succeeding chapters present the insurer perspective, a discussion of the economics of risk selection in life insurance, background information on the process of underwriting, a scientific analysis of genetic risks and mortality rates, a philosophical discussion of fairness and genetic underwriting, the viewpoints of consumers and genetics counselors, a comparison of different international policy approaches to the issue, and a legal analysis of antitrust implications when insurers collaborate in setting standards for medical underwriting. In the final chapter the editor addresses various policy options, examining the pros and cons of each one and assessing their political feasibility.

Author : Mark Goldburd,Anand Khare,Dan Tevet
Publisher : Unknown
Page : 106 pages
File Size : 49,8 Mb
Release : 2016-06-08
Category : Electronic
ISBN : 0996889728

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Generalized Linear Models for Insurance Rating by Mark Goldburd,Anand Khare,Dan Tevet Pdf