Solutions Manual of Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance | 4th edition

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Download Solutions Manual of Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance 4th Edition by Robert L. Brown; W. Scott Lennox in PDF format. This book is under the category Business & Money and bearing the ISBN13/ISBN10 9781625424754 . You may refer to the table below for additional details of the book.

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Book Details

This text provides a basic foundation of knowledge concerning two fundamental building blocks of property/casualty actuarial work: ratemaking and loss reserving. Although the material is of property/casualty origins, the methods presented have potential application in other insurance areas including health insurance and risk management. The text contains a number of worked examples and end-of-chapter exercises. The fourth edition reverses the order of chapters three and four from previous editions. The estimation of the ultimate claim payments is a necessary first step in both the loss reserving process and ratemaking process. Determining the ultimate losses is more comprehensively covered in the loss reserving chapter, and the ratemaking process often relies on the estimates of ultimate losses determined in the loss reserving process. As a result, the loss reserving chapter now comes before the ratemaking chapter. The frequency and severity section of the loss reserving chapter has been revised to demonstrate the closure method of estimating ultimate losses. The chapter on intermediate topics has been updated to include deductible pricing, as this alternative approach to the ratemaking in chapter four is typically used for pricing various deductible options. Finally, the fourth edition has been updated to reflect industry changes and includes even more exercises than previous editions.

About the Author

Robert Brown graduated from UCLA with a Ph.D. in Indian art history in 1981. Immediately after graduation he worked at the Los Angeles County Museum of Art, being promoted to Curator of Indian and Southeast Asian Art in 1984. In 1986 he began teaching at UCLA where he is presently Professor of Indian and Southeast Asian Art History. In 2001 he was reappointed as Curator in the Department of South and Southeast Asian Art at LACMA, a position he holds alongside his UCLA professorship.

His research extends over broad geographical areas and chronological periods. Four recent publications include three edited books, Art from Thailand (Marg 1999), Roots of Tantra (SUNY 2002), the Encyclopedia of India, 4 vols. (senior editor Stanley Wolpert; Charles Scribner’s Sons, 2005), and with Natasha Eilenberg a translated book study on the Art of Ancient Cambodia (Reyum 2008). At UCLA he has trained over twenty PhD graduate students who now hold positions in major museums and universities throughout the US.