One main goal of this study was to project the costs of providing parity for mental health and substance abuse (MH/SA) insurance benefits. We did this by using an actuarial model to predict the premium increases for three benefit options. One option gives full parity, and the other two give partial parity, for MS/SA benefits. Information about the relative costs of parity options can be used by...

In the area of insurance, probability modeling has a wide variety applications. life compensation sum is calculated in advance and may often be estimated using actuarial techniques, while motor claim amount generally not known advance. insurance business, improvement risk control strategies an essential technique for controlling risk. Although company’s assessment about its solvency complex det...

Motivated by the empirical evidence of the long-range dependency found within the Greek motor insurance market, we formulate a particular stochastic pricing model in a continuous framework. We assume the structure of a competitive insurance market where the business volume of each company is directly related to the existing relativity between the company’s premium and the market’s average premi...

Pricing using a Generalised Linear Model is the gold standard in auto insurance industry and rate regulation. Additive applications pricing are receiving increasing attention from academic researchers actuarial professionals. The practice has constantly shown evidence of significantly different premium rates among rating territories. In this work, we build predictive models for claim frequency ...

The purpose of this paper is to explain the causes of long-run movements in the parallel market premium in the pre-and-post revolution Iranian economy. The paper suggests that the premium is affected by both real and monetary shocks. Non-spurious co-integration results indicate that negative oil revenue shocks and a revolution-induced exogenous capital outflow caused the parallel market paralle...