Managing the Insolvency Risk of Insurance Companies: Proceedings of the Second International Conference on Insurance Solvency
Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the sec...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Dordrecht
Springer Netherlands
1991
|
| Ausgabe: | 1st ed. 1991 |
| Schriftenreihe: | Huebner International Series on Risk, Insurance and Economic Security
12 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications |
| Beschreibung: | 1 Online-Ressource (XXV, 318 p) |
| ISBN: | 9789401138789 |
| DOI: | 10.1007/978-94-011-3878-9 |
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| 520 | |a Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications | ||
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Datensatz im Suchindex
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| author2 | Cummins, J. David Derrig, Richard A. |
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| dewey-full | 332 |
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| dewey-raw | 332 |
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-94-011-3878-9 |
| edition | 1st ed. 1991 |
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| genre_facet | Konferenzschrift 1988 Brighton |
| id | DE-604.BV046873059 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:38Z |
| indexdate | 2024-07-10T08:56:11Z |
| institution | BVB |
| isbn | 9789401138789 |
| language | English |
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| spelling | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency edited by J. David Cummins, Richard A. Derrig Proceedings of the Second International Conference on Insurance Solvency 1st ed. 1991 Dordrecht Springer Netherlands 1991 1 Online-Ressource (XXV, 318 p) txt rdacontent c rdamedia cr rdacarrier Huebner International Series on Risk, Insurance and Economic Security 12 Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications Finance, general Business and Management, general Finance Business Management science Versicherungsbetrieb (DE-588)4063180-1 gnd rswk-swf Insolvenz (DE-588)4072843-2 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf (DE-588)1071861417 Konferenzschrift 1988 Brighton gnd-content Versicherungsbetrieb (DE-588)4063180-1 s Finanzierung (DE-588)4017182-6 s DE-604 Insolvenz (DE-588)4072843-2 s Cummins, J. David edt Derrig, Richard A. edt Erscheint auch als Druck-Ausgabe 9789401057264 Erscheint auch als Druck-Ausgabe 9780792391524 Erscheint auch als Druck-Ausgabe 9789401138796 https://doi.org/10.1007/978-94-011-3878-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency Finance, general Business and Management, general Finance Business Management science Versicherungsbetrieb (DE-588)4063180-1 gnd Insolvenz (DE-588)4072843-2 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4063180-1 (DE-588)4072843-2 (DE-588)4017182-6 (DE-588)1071861417 |
| title | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency |
| title_alt | Proceedings of the Second International Conference on Insurance Solvency |
| title_auth | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency |
| title_exact_search | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency |
| title_exact_search_txtP | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency |
| title_full | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency edited by J. David Cummins, Richard A. Derrig |
| title_fullStr | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency edited by J. David Cummins, Richard A. Derrig |
| title_full_unstemmed | Managing the Insolvency Risk of Insurance Companies Proceedings of the Second International Conference on Insurance Solvency edited by J. David Cummins, Richard A. Derrig |
| title_short | Managing the Insolvency Risk of Insurance Companies |
| title_sort | managing the insolvency risk of insurance companies proceedings of the second international conference on insurance solvency |
| title_sub | Proceedings of the Second International Conference on Insurance Solvency |
| topic | Finance, general Business and Management, general Finance Business Management science Versicherungsbetrieb (DE-588)4063180-1 gnd Insolvenz (DE-588)4072843-2 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Finance, general Business and Management, general Finance Business Management science Versicherungsbetrieb Insolvenz Finanzierung Konferenzschrift 1988 Brighton |
| url | https://doi.org/10.1007/978-94-011-3878-9 |
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