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Search: Posts Made By: jerrytuttle
Forum: General Actuarial 05-21-2018, 01:41 PM
Replies: 16
Views: 1,001
Posted By jerrytuttle
The original post included, "will they ask me for...

The original post included, "will they ask me for certain formulas such as, 'how do you find x using y function?' "

I'm not sure what this question asks. Is it, "given a function y=f(x), how do...
Forum: Property - Casualty / General Insurance 05-12-2018, 04:49 PM
Replies: 9
Views: 646
Posted By jerrytuttle
Average default reserve

This makes the most sense when the mean and standard deviation of the claim amounts are relatively small, such as in auto physical damage. It makes the least sense when the mean and standard...
Forum: General Actuarial 04-27-2018, 08:41 AM
Replies: 11
Views: 1,440
Posted By jerrytuttle
Is a warranty the same as insurance?

In NY, if the company has a relationship to the product that affects the risk of loss, then the contract is a warranty, but otherwise the contract is insurance and will be regulated as insurance.
...
Forum: General Actuarial 04-12-2018, 10:39 AM
Replies: 6
Views: 571
Posted By jerrytuttle
Sumulation

My guess is that you will see greater volatility at the tail as you refine your analysis and drill down.
Forum: General Actuarial 04-10-2018, 06:03 PM
Replies: 14
Views: 1,435
Posted By jerrytuttle
Insurance department ethics

The insurance department actuary requires you to reduce the amount of the requested rate change because he feels this helps consumers, even though this now violates the rating law that says, " rates...
Forum: Property - Casualty / General Insurance 04-03-2018, 07:30 PM
Replies: 6
Views: 826
Posted By jerrytuttle
Multi-policy experience

Vorian said,

"Actuarial: Is a discount supported by data? Is there actually better experience (during the term of the policy, not necessarily over the total tenure of the policyholder with the...
Forum: Property - Casualty / General Insurance 03-17-2018, 05:40 PM
Replies: 12
Views: 1,604
Posted By jerrytuttle
NCCI Calls

I haven't done these in decades, so I certainly could be out of date. But if they are anything like the olden days, my recollection is that I was asked to estimate various data into categories that...
Forum: General Actuarial 03-05-2018, 04:56 PM
Replies: 17
Views: 2,421
Posted By jerrytuttle
What I learned

Sometimes there are reasons not to believe the data or the model, and to make a judgmental decision.

Sometimes underwriters understand more than we give them credit for.
Forum: Property - Casualty / General Insurance 02-05-2018, 02:14 PM
Replies: 4
Views: 601
Posted By jerrytuttle
Premium discounts

Hi,

Although premium discount in WC may have more than one meaning, I think of it as a discount to larger premium sizes whose expense to premium ratios are lower than the expense ratio in the...
Forum: General Actuarial 12-19-2017, 09:30 AM
Replies: 65
Views: 5,730
Posted By jerrytuttle
A few more thoughts on runoff

I agree on the importance of Maphisto's question: Why is this business available for acquisition? To which I will add: Why doesn't the original company want to keep it? What do they know that you...
Forum: Pension - Social Security 11-27-2017, 09:25 AM
Replies: 0
Views: 547
Posted By jerrytuttle
Standard deviations by age from SSA mortality tables

Hi,

Is there a source underlying the SSA mortality tables that would provide standard deviations of the expected values by age?

Thank you.
Forum: Software & Technology 11-18-2017, 12:23 AM
Replies: 10
Views: 1,077
Posted By jerrytuttle
Amazon

Thanks, but that is a Windows 7 machine.
Forum: Software & Technology 11-16-2017, 09:00 PM
Replies: 10
Views: 1,077
Posted By jerrytuttle
How much RAM, how big a hard drive

Hi,

How much RAM, how big a hard drive do I need for the latest version of Office? I do not want to access Office from the cloud.

I am not building large spreadsheets.

Thanks,
Jerry
Forum: Property - Casualty / General Insurance 09-04-2017, 06:52 PM
Replies: 6
Views: 1,134
Posted By jerrytuttle
Thanks for the U Mich article. It further says...

Thanks for the U Mich article. It further says that some states explicitly prohibit these rating variables, but most states do not.
Forum: Property - Casualty / General Insurance 09-04-2017, 11:53 AM
Replies: 6
Views: 1,134
Posted By jerrytuttle
Price discrimination

Hi,

State rating statutes discuss unfair discrimination in pricing, but generally they do not list permissible and impermissible rating variables.

Is there a federal statute that addresses...
Forum: Property - Casualty / General Insurance 08-30-2017, 03:31 PM
Replies: 8
Views: 2,204
Posted By jerrytuttle
Hi. I would think most researchers working for...

Hi. I would think most researchers working for insurance companies have worked their way up the ranks doing traditional work assignments first. There are people in academia doing actuarial research...
Forum: Property - Casualty / General Insurance 08-14-2017, 05:03 PM
Replies: 5
Views: 2,984
Posted By jerrytuttle
I think hidden within this discussion is whether...

I think hidden within this discussion is whether you have detailed exposure data and can adjust to present rates by class, or whether you have less detailed data and have to adjust to current premium...
Forum: General Actuarial 08-14-2017, 04:58 PM
Replies: 41
Views: 5,427
Posted By jerrytuttle
I suspect the coding/programming requirements...

I suspect the coding/programming requirements vary enormously from company to company, so I suggest you land a job, learn what software and languages are important, and then worry about this.
Forum: General Actuarial 07-12-2017, 01:59 PM
Replies: 20
Views: 3,275
Posted By jerrytuttle
Actuaries in regulation

I would hope an actuary in regulation would be extremely knowledgeable in the relevant statutes of the state. If we are talking about rate filings, what does the state statute require about rate...
Forum: Health - Disability 06-29-2017, 11:19 PM
Replies: 10
Views: 2,274
Posted By jerrytuttle
Horizon Blue Cross Blue Shield of New Jersey

NJ Governor Christie would like to extract $300 million from the surplus of Horizon Blue Cross Blue Shield of New Jersey.
...
Forum: General Actuarial 06-12-2017, 05:42 PM
Replies: 7
Views: 1,541
Posted By jerrytuttle
Post 9/11

In many lines of business, rates rose after 9/11. A number of new reinsurers formed after 9/11 that had no liability for previous years claims.
Forum: Property - Casualty / General Insurance 06-06-2017, 05:35 PM
Replies: 1
Views: 747
Posted By jerrytuttle
The market

Reinsurance pricing actuaries often attend reinsurance audits of their cedants, and listen to the cedant underwriters. Over a period of time, cedant underwriters have their own track record on...
Forum: Property - Casualty / General Insurance 04-25-2017, 10:19 AM
Replies: 6
Views: 1,202
Posted By jerrytuttle
reserve strengthening actions

I think "reserve strengthening actions" can also mean increases in individual case reserves. This may or may not change the estimate of ultimates.
Forum: Careers - Employment 04-09-2017, 06:07 PM
Replies: 29
Views: 2,534
Posted By jerrytuttle
Promotions

>> Just wondering how prevalent this, given that I have seen people promoted after they spent 3-5 years at a company, even though there were more talented people who just hadn't been with the...
Forum: General Actuarial 02-08-2017, 01:02 AM
Replies: 140
Views: 74,705
Posted By jerrytuttle
Insuring Super Bowl halftime event

>> Most of the insurance companies would probably say “no way” to covering such a stunt, says Tim Gaspar, owner of Los Angeles-based insurance agency Gaspar Insurance Services.

Agreed. And most...
Showing results 1 to 25 of 247

 

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