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Branch Office Profit Measurement for Property
A Formal Approach to Catastrophe Risk Assessment
2 other sections not shown
accident month actual adjustment analysis assets assumed Budget Variances calculated calendar period cash flow Casualty Actuarial Casualty Actuarial Society catastrophe losses claims components corporate planning cost dividends earned premium equity estimate evaluate example Exhibit expected loss expenses factors financial statements Flexible Budget forecast frequency GAAP growth historical hurricane IBNR income statement increase incurred losses industry insurance company interest rates investment income JAN BO liabilities loss development loss distribution loss ratio loss reserves measure medical malpractice paid losses paper parameters Pareto distribution patterns payment personal lines planning process policies premiums and losses premiums written present value Price Variance prior probability distribution profit center Quantity Variance reinsurance reserve study retro retrospective premium return on equity risk simulation Standard Exposures systematic risk target TRAFACC underwriting profit underwriting results unreported premiums variables written premium