PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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696 INCORPORATION OF FIXED EXPENSESchanges in exposures and expenses and capturing the impact ofeconomies of scale. Until then, internal expense trend data andactuarial judgment should suffice for incorporating the impact ofeconomies of scale.7. CONCLUSIONThe prevailing methodology for incorporating fixed expensesin the statewide indication has some methodological flaws. Theseflaws can lead to overstated or understated actuarial indications.While this paper describes a simple alternative that corrects thethree weaknesses discussed, there are still improvements that canbe made.
INCORPORATION OF FIXED EXPENSES 697REFERENCES[1] Childs, Dianna, and Ross Currie, “Expense Allocation in InsuranceRatemaking,” Casualty Actuarial Society DiscussionPaper Program, May 1980, pp. 32—60.[2] Committee on Ratemaking Principles, Statement of PrinciplesRegarding Property and Casualty Insurance Ratemaking,Casualty Actuarial Society, May 1988.[3] Feldblum, Sholom, “Asset Share Pricing for Property andCasualty Insurance,” Casualty Actuarial Society Forum,SpecialEdition, 1993, pp. 241—312.[4] Schofield, David, “Going from a Pure Premium to a Rate,”Casualty Actuarial Society Study Note, 1998.
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VOLUME XCII NUMBERS 176 and 177PROC
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FOREWORDActuarial science originate
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2005 PROCEEDINGSCONTENTS OF VOLUME
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2005 PROCEEDINGSCONTENTS OF VOLUME
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Editorial Committee, Proceedings Ed
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2 AN EXAMINATION OF THE INFLUENCE O
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10 AN EXAMINATION OF THE INFLUENCE
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AN EXAMINATION OF THE INFLUENCE OF
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RISKINESS LEVERAGE MODELSRODNEY KRE
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RISKINESS LEVERAGE MODELS 33There a
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RISKINESS LEVERAGE MODELS 35where f
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RISKINESS LEVERAGE MODELS 59APPENDI
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DISCUSSION OF A PAPER PRESENTED AT
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RISKINESS LEVERAGE MODELS 63known t
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RISKINESS LEVERAGE MODELS 67implies
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RISKINESS LEVERAGE MODELS 734. INTE
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RISKINESS LEVERAGE MODELS 79REFEREN
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RISKINESS LEVERAGE MODELS 81EXHIBIT
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WHY LARGER RISKS HAVE SMALLER INSUR
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ADDRESS TO NEW MEMBERS 151ateship a
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ADDRESS TO NEW MEMBERS 153You shoul
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ADDRESS TO NEW MEMBERS 155strength
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MINUTES OF THE 2005 CAS SPRING MEET
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MINUTES OF THE 2005 SPRING MEETING
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Volume XCII, Part 2 No. 177PROCEEDI
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MODELING FINANCIAL SCENARIOS 179Bab
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MODELING FINANCIAL SCENARIOS 237[30
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WHEN CAN ACCIDENT YEARS BE REGARDED
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THE APPLICATION OF FUNDAMENTAL VALU
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A NEW METHOD OF ESTIMATING LOSS RES
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ARCHITECTURE FOR RESIDENTIAL PROPER
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ESTIMATING THE WORKERS COMPENSATION
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MINUTES OF THE 2005 CAS ANNUAL MEET
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MINUTES OF THE 2005 ANNUAL MEETING
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REPORT OF THE VICE PRESIDENT—ADMI
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REPORT OF THE VICE PRESIDENT-ADMINI
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2005 EXAMINATIONS—SUCCESSFUL CAND
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OBITUARIESROBERT GRANT ESPIECLYDE H
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OBITUARIES 825SIDNEY M. HAMMER1931
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OBITUARIES 827J. GARY LaROSE1947—
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OBITUARIES 829PAUL J. SCHEEL SR.193
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OBITUARIES 831LEO M. STANKUSCirca 1
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INDEX TO VOLUME XCIIPage2005 EXAMIN
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835GRAVES, CLYDE H.INDEX—CONTINUE
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837INDEX—CONTINUEDREPORT OF THE V
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PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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