hreese4567

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• Ah ok thanks, that's easy enough I suppose. I just wanted to be sure there wasn't something tricky/special about this question that I was missing.

  in Fall 2016 Q21 Comment by hreese4567 October 2023

• Thanks for the thorough response, I see it now.

  in Fall 2015 Q1(c) Comment by hreese4567 September 2023

• Why is the insurance charge being multiplied by the aggregate losses instead of the limited losses to get the aggregate excess loss cost?

  in 2014.Fall 19 a Comment by hreese4567 September 2023

• So the wiki has the following two formulas for the Basic Premium of Limited Table M:

  1)

  <…

  in Fall 2014 17b Comment by hreese4567 September 2023

• The problem says that the Excess Loss Factor is 0.241. Wouldn't the Excess Loss Factor be a number such that if you multiply the Unlimited Expected Losses by the ELF then you get the Excess Losses? Ie: (Unlimited Expected Loss) * ELF = E - E[A_D]…

  in Fall 2014 17b Comment by hreese4567 October 2022

• The solution seems to assume a log link, but I don't see anywhere in the question where that is explicitly stated. Should we always assume a log link then?

  in 2017 Fall (1)c Comment by hreese4567 September 2022

• In the reading we are given the formula used in Step 1 in terms of E[A]:

  in 2013.Fall 14 Comment by hreese4567 September 2022

• I see, so a+L is the upper limit then, rather than L? Seems like kind of strange notation, but I thin I get it now, thanks!

  in Bahnemann Problem 5.1 Comment by hreese4567 August 2022