Blogs about: Coverage Modifications

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Frequency with Respect to Exposure and Coverage Modifications

In a portfolio of risks, there are two types of modifications which can influence the frequency distribution of payments. Exposure Modification (not in syllabus) — increasing or decreasing the n… more →

Studying for SOA Exam C

Frequency with Respect to Exposure and Coverage Modifications

uclatommy wrote 4 years ago: In a portfolio of risks, there are two types of modifications which can influence the frequency dist … more →

Tags: Frequency Models, Deductibles, Limits, Coverage Modification, Frequency, poisson, negative binomial, geometric, binomial

Bonuses, Dividends, and Refunds

uclatommy wrote 4 years ago: If a policy pays a reward to the participants when losses are below a certain level, this is a parti … more →

Tags: expected value, bonus, dividend, Refund, max, min, Limited Expected Value

Other Coverage Modifications

uclatommy wrote 4 years ago: Coinsurance  is the fraction of losses covered by the policy.  For example, means if a loss is incur … more →

Tags: Deductibles, Limits, coinsurance, variance, Payment per Loss, deductible, Payment per Payment, Inflation, Coverage Modification

The Loss Elimination Ratio — 2 comments

uclatommy wrote 4 years ago: If you impose a deductible on an insurance policy that you’ve written, what fraction of expect … more →

Tags: Deductibles, memorize this, expected value, deductible, Loss Elimination Ratio, Ordinary Deductible, Franchise Deductible, Inflation

Expected Values for Insurance

uclatommy wrote 4 years ago: Before I begin, please note: I hated this chapter.  If there are any errors please let me know asap! … more →

Tags: Severity Models, Deductibles, Limits, Probability, expected value, conditional expectation, Payment per Loss, deductible, Claim Limit


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