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Forum: Property - Casualty / General Insurance 07-27-2018, 11:57 AM
Replies: 5
Views: 1,158
Posted By BassFreq
Proc severity is essentially an accelerated...

Proc severity is essentially an accelerated failure time model. You can use survreg or WeibullReg in R for that.
Forum: General Actuarial 07-11-2018, 03:10 PM
Replies: 3
Views: 939
Posted By BassFreq
I would keep it simple and model the loss ratio...

I would keep it simple and model the loss ratio using premium as weight.
Forum: Software & Technology 05-21-2018, 04:22 PM
Replies: 7
Views: 519
Posted By BassFreq
Why not use software that can import the Access...

Why not use software that can import the Access DB? Try software like Libre Office or Open Ofice (pretty sure would allow you to save in native MS Access formats), SQLite, or File Maker Pro.
Forum: Property - Casualty / General Insurance 03-27-2018, 03:08 PM
Replies: 6
Views: 956
Posted By BassFreq
Price elasticity of the lines of business. There...

Price elasticity of the lines of business. There might be less elasticity in more competitive lines and lines where coverage is mandatory.
Forum: Property - Casualty / General Insurance 03-27-2018, 03:03 PM
Replies: 5
Views: 787
Posted By BassFreq
I'm not ready for a ride in a Johnny Cab...

I'm not ready for a ride in a Johnny Cab (https://www.youtube.com/watch?v=eWgrvNHjKkY).
Forum: Software & Technology 03-27-2018, 02:58 PM
Replies: 87
Views: 16,792
Posted By BassFreq
IFYP!

IFYP!
Forum: Property - Casualty / General Insurance 03-21-2018, 06:14 PM
Replies: 16
Views: 2,517
Posted By BassFreq
You have to distinguish between zero claims (that...

You have to distinguish between zero claims (that is, records that did not have any claims and therefore had no severity either), which would be excluded from a severity model, and records with...
Forum: Property - Casualty / General Insurance 03-21-2018, 03:14 PM
Replies: 16
Views: 2,517
Posted By BassFreq
Where are you trying to go with the freq/sev? ...

Where are you trying to go with the freq/sev?

Loss Ratio = Losses / premium = (claim count per premium $) * (losses / claim count)

You want the claim counts to cancel each other out. So, which...
Forum: Property - Casualty / General Insurance 03-19-2018, 12:34 AM
Replies: 12
Views: 1,782
Posted By BassFreq
Thanks for the feedback. I'll try to avoid...

Thanks for the feedback. I'll try to avoid requesting nonexistent data where I can.
Forum: General Actuarial 03-18-2018, 06:40 PM
Replies: 4
Views: 1,332
Posted By BassFreq
I don't think you're missing it. I think they...

I don't think you're missing it. I think they don't have such a spreadsheet available on their website. You could try contacting any or all of the vendors listed at the link below and ask them if...
Forum: Property - Casualty / General Insurance 03-16-2018, 02:22 PM
Replies: 14
Views: 1,223
Posted By BassFreq
Hey, Colonel, I'm sure we'll bump into each other...

Hey, Colonel, I'm sure we'll bump into each other at some point. I'll be armed with spark questions for you.
Forum: Property - Casualty / General Insurance 03-16-2018, 02:18 PM
Replies: 12
Views: 1,782
Posted By BassFreq
Do you mind if I ask why? What are the pain...

Do you mind if I ask why? What are the pain points for you? How could that work be made easier?

I'm curious because I don't want to inflict pain on the people that will soon be responding to my...
Forum: Property - Casualty / General Insurance 03-09-2018, 02:28 PM
Replies: 12
Views: 1,146
Posted By BassFreq
Offset logging depend on the software - In...

Offset logging depend on the software - In Emblem, you put the rating factor ( 1.0 for no credit or debit) into the offset. For SAS and R (and probably most other applications), you would use the log...
Forum: Property - Casualty / General Insurance 03-09-2018, 02:05 PM
Replies: 17
Views: 2,436
Posted By BassFreq
What's misleading about KS, AD or MSE? They are...

What's misleading about KS, AD or MSE? They are valid ways to examine goodness of fit. They are like the blind men examining an elephant for the first time.

And, Gini is not sufficient to evaluate...
Forum: Software & Technology 03-08-2018, 03:16 PM
Replies: 43
Views: 2,417
Posted By BassFreq
1) Outlook, 2) chrome

1) Outlook, 2) chrome
Forum: Property - Casualty / General Insurance 03-08-2018, 03:13 PM
Replies: 17
Views: 2,436
Posted By BassFreq
Gini and AUC are useful for GLMs, including...

Gini and AUC are useful for GLMs, including Tweedie, but I think when not used for binomial regression, the Gini statistic actually has a different name since its no longer calculated from zeros and...
Forum: Property - Casualty / General Insurance 03-05-2018, 03:04 PM
Replies: 2
Views: 559
Posted By BassFreq
It's a nuisance variable...

It's a nuisance variable (https://en.wikipedia.org/wiki/Nuisance_variable).
Forum: General Actuarial 01-15-2018, 03:21 PM
Replies: 5
Views: 928
Posted By BassFreq
Contrast and compare - which are you currently...

Contrast and compare - which are you currently doing and which should you be doing?
Forum: Property - Casualty / General Insurance 01-11-2018, 02:51 PM
Replies: 5
Views: 696
Posted By BassFreq
I gave a presentation on Claims Analytics at last...

I gave a presentation on Claims Analytics at last year's Spring meeting that had 3 slides on the topic. You can triage with a single model, but you might do better by approaching the problem from...
Forum: General Actuarial 01-11-2018, 02:40 PM
Replies: 7
Views: 1,072
Posted By BassFreq
Sounds interesting to me. What would the goal of...

Sounds interesting to me. What would the goal of the hackathon be? Build software or develop a better way to price or reserve?
Forum: Software & Technology 12-20-2017, 03:38 PM
Replies: 32
Views: 7,051
Posted By BassFreq
Isn't that the definition of IBNR???

Isn't that the definition of IBNR???
Forum: Software & Technology 12-18-2017, 03:11 PM
Replies: 32
Views: 7,051
Posted By BassFreq
:popcorn:

:popcorn:
Forum: Software & Technology 12-15-2017, 04:26 PM
Replies: 5
Views: 851
Posted By BassFreq
Microsoft Considers Adding Python in Excel

From https://www.bleepingcomputer.com/news/microsoft/microsoft-considers-adding-python-as-an-official-scripting-language-to-excel/
Forum: Software & Technology 11-28-2017, 03:28 PM
Replies: 252
Views: 162,775
Posted By BassFreq
You should be able to do something like: if _n_...

You should be able to do something like:
if _n_ = 0 then set A B;

That will bring in the metadata for tables A and B, and the columns will be in the order you want. But that if statement has to...
Forum: Diversions 11-12-2017, 01:06 AM
Replies: 5,630
Views: 422,298
Posted By BassFreq
We had some snow flurries today The mountains...

We had some snow flurries today
The mountains look pretty this way
But it won't stay long
Showing results 1 to 25 of 300

 

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