The insurance industry is known to have high operating expenses in the financial services sector. Insurers, investors and regulators are interested in models to understand the behavior of expenses. However, the current practice ignores skewness, occasional negative values as well as their temporal dependence. Addressing these three features, this paper develops a longitudinal model of insurance...

We consider a collective insurance risk model with a compound Cox claim process, in which the evolution of a claim intensity is described by a stochastic differential equation driven by a Brownian motion. The insurer operates in a financial market consisting of a risk-free asset with a constant force of interest and a risky asset which price is driven by a Lévy noise. We investigate two optimiz...

Insurance companies are challenging to the implementation of data quality management. This presentation is the result of a project at Cosesp, a large insurance company in Brazil, and covers, as much as can be disclosed, several issues of real world data quality management implementations. Luis Francisco Lima GoDigital Precision Marketing [email protected] Dalvani Lima GoDigital Precisi...

In this paper we describe the selection of a modern build automation tool for an industry research partner ours, namely insurance company. Build has become increasingly important over years. Today, became one central concepts in topics such as cloud native development based on microservices and DevOps. Since more products have entered market existing tools changed their functional scope, there ...

Maria Silverwood' was excited when, on her twenty-fifth birthday, she was hired as a sales manager trainee for a Seattle company that manufactured computer graphic equipment. As a single mother, Maria needed a stable, secure job with potential for promotion. When Maria went for her mandatory new employee physical examination, she filled out a routine medical history form, on which she noted tha...

Guaranteed funds with crediting rates for fixed periods determined by a Pension Provider or Insurance Company are common features of accumulation annuity contracts. Policyholders can transfer money back and forth between these accounts and Money Market accounts which give them features similar to demand deposits and yet they frequently credit a higher rate than the Money Market. Transfer restri...

This title sounds rather restrictive. It is and it is meant to be! Of the 700,000 licensed physicians in North America fewer than 500 are full-time medical directors for life insurance companies. Many more have broader corporate roles as employee health physicians, medical director of health insurers or as providers of medical care for segments of the community. Others are involved in disabilit...