Price Competition, Regulation, and Systematic Underwriting Risk in Automobile Insurance

Long Term Care Insurance: Medical Risk Management Issues in Underwriting

This article focuses on medical aspects of the risk selection process for long term care insurance products. Our objective is to identify for medical directors and underwriters key underwriting considerations upon which to build a sound strategy. Section 1 reviews demographic, social and other factors contributing to the need for these products. This snapshot of the long term care context sets ...

Identifying and classifying the factors affecting risk in automobile hull insurance in Iran using fuzzy Delphi method and factor analysis

Automobile hull insurance has attracted much attention due to the high rate of vehicle applications in daily lives. Since purchasing these policies is optional in Iran and their premium rates are set competitively, a competition is formed among the insurance companies for attracting low risk drivers. However, most of the insurers still use comparative rates and pay no or less attention to the f...

Enhancement in Predictive Model for Insurance Underwriting

Underwriting is the most important process of a business where a slight miscue can lead to blunders. An insurance organization’s success depends upon the correct assessment of the possible risks associated with each application. Hence, the role of an underwriter becomes crucial. Predictive Analytics takes into account the statistical data and past records of the proposed insured to analyze the ...

high volatility, thick tails and extreme value theory in value at risk estimation: the case of liability insurance in iran insurance company

در این بررسی ابتدا به بررسی ماهیت توزیع خسارات پرداخته میشود و از روش نظریه مقادیر نهایی برای بدست آوردن برآورد ارزش در معرض خطر برای خسارات روزانه بیمه مسئولیت شرکت بیمه ایران استفاده میشود. سپس کارایی نظریه مقدار نهایی در برآورد ارزش در معرض خطر با کارایی سایر روشهای واریانس ، کواریانس و روش شبیه سازی تاریخی مورد مقایسه قرار میگیرد. نتایج این بررسی نشان میدهند که توزیع ،garch شناخته شده مدل...

Medical Malpractice and the Insurance Underwriting Cycle