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#1
09-18-2009, 06:08 PM
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Pricing Stop Loss Insurance
Hello everyone,
Is there a good book or online article where I can find different ways to price stop loss insurance and the pros and cons of each? Thanks. 
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#2
09-19-2009, 12:49 PM
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search www.casact.org articles on per occurrence/aggregate excess of loss reinsurance
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#3
09-19-2009, 03:56 PM
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I'm guessing that the OP was asking about Medical Stop Loss, which is different than P&C Stop Loss.
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#4
09-19-2009, 04:27 PM
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Look up Specific Limit Stop Loss and Aggregate Stop Loss in Group Insurance, 5th Ed.
Specific limit covers for eligible individual annual claims over a stated amount (i.e. 100,000). Aggregate covers any aggregated claims amount above a stated percentage (ie 150%) of the expected aggregated claims below the Spec limit for all members in the companies plan. I tend to use continuance tables for claims below some amount and a lognormal distibution to estimate the tail. The lognormal is nice because it fits well and is easy to slice up the layers under the curve. I've also heard some folks like to use the pareto to estimate the tail. You can find relevent papers on the CAS site.
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#5
09-21-2009, 09:38 AM
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Quote:
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Carol Marler, FSA, MAAA, A Dedicated Actuary Just My Opinion (Although this statement is my opinion, and I am an actuary, it's still not a statement of actuarial opinion, and you really shouldn't rely on it.) Updated quotes Jan. 25: Spoiler:
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