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47 Pages

### AS463_Lec02

Course: ACTSC 463, Fall 2011
School: Waterloo
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Word Count: 2069

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463/863 Property ACTSC and Casualty Loss Reserving 1 Development Triangles 2 Exercises &gt; Calculate the CY 2007 incurred losses &gt; Calculate the runoff in 2006 &gt; Derive the RY incurred loss triangle Claim Snap Shot Claim # 1 2 3 4 5 6 7 8 9 10 Acc Date 12-Jan-05 10-Mar-05 01-Nov-05 13-Feb-06 01-Dec-06 16-Jan-07 05-May-07 29-Jul-07 13-Sep-07 05-Jun-08 Rep Date 12-Apr-05 12-Apr-05 30-Jan-06...

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Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1Frequency-SeverityTechniques2Frequency-Severity&gt; Three basic approaches Simple development of counts andseverities Simple development with exposure andinflation Disposal Rate Technique3Freque
Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1Case OutstandingDevelopment Technique2Case Outstanding Development&gt; Attempts to develop ultimate incrementalclaim payments based on historic levels ofcase reserve adequacy&gt; Assumptions Similar t
Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1Recoveries2Recoveries&gt; Salvage/Subrogation&gt; Reinsurance Quota Share Treaty with pro-rata sharing of premiums and losses Per-Risk Excess of Loss Per-risk treaty where losses above a certain reten
Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1ALAE &amp; ULAE2ALAE&gt; Allocated Loss Adjustment Expense Expense that can be directly associated with aparticular claim Legal Expert witness Police reports External adjuster fees Availability of da
Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1Discounting Loss Reserves2Discounting&gt; Process of recognizing the time value ofmoney Required in Canadian reporting Outstanding reserves can be invested \$1 of future payments requires &lt;\$1 of rese
Waterloo - ACTSC - 463
ACTSC 463/863Property and CasualtyLoss Reserving1Examples From PreviousCalculate the ULAE reserve using both the traditional approach and the Kittel Refinement and thefollowing information:CY 2010 Paid LossesTotal Reserves at 12/31/2009Total Rese
Waterloo - ACTSC - 463
Property and Casualty Insurance Fall 2011ACTSC 463/8631Property and Casualty InsuranceACTSC 463/863Fall 2011InstructorE-MailOffice HoursChris Van Kooten, FCAS,FCIAvankootenc@gmail.comBy appointment onlyCourse DescriptionThis course is focuse
Waterloo - ACTSC - 232
ACTSC 970/ACC 770:Finance I Foundations of FinanceTony S. WirjantoM3 -3013, x 35210Email: twirjant at uwaterloo dot caOffice Hours: Th, Fr: 4:00-5:00 pm (or by appointment)Fall 2011Course SyllabusObjectivesThis is a first graduate course in finan
Waterloo - ACTSC - 232
Assignment 1ACTSC232 (Introduction to Actuarial Mathematics), Fall 2011This assignment consists of two parts. In Part I, the students are expected to construct oneExcel spreadsheet to answer the given questions, and submit the le electronically to the
Waterloo - ACTSC - 232
Assignment 2ACTSC232 (Introduction to Actuarial Mathematics), Fall 2011This assignment consists of two parts. In Part I, the students are expected to construct oneExcel spreadsheet to answer the given questions, and submit the le electronically to the
Waterloo - ACTSC - 232
Tutorial 1ACTSC 232, Fall, 20111. You are given the following probability distribution function (cdf) for T0 , the futurelifetime of a newborn (0):0,0.005t,F0 (t) = 0.3 + 0.0175(t 60),1,t&lt;00 t &lt; 6060 t &lt; 100t 100.(a) Verify that S0 (t) 1 F0 (
Waterloo - ACTSC - 232
SYLLABUSFall 2011ACTSC 232-001 Introduction to Actuarial MathematicsInstructor:Lectures:Tutorials:Oce hours:Pre-requisites:Dr. Chengguo Weng, M3 3136, ext.31132, c2weng@uwaterloo.ca12:30-01:20pm MWF, PHY 14505:30-06:20pm Monday, MC 20661:30-2:30
Waterloo - ACTSC - 232
Chapter 1. Introduction to life insuranceACTSC 232 Introduction to Actuarial MathematicsDepartment of Statistics and Actuarial ScienceUniversity of WaterlooFall 2011Instructor: Chengguo WengC. Weng (c2weng@uwaterloo.ca) p. 1/9Life insuranceA cont
Waterloo - ACTSC - 232
Chapter 2. Survival modelsACTSC 232 Introduction to Actuarial MathematicsDepartment of Statistics and Actuarial ScienceUniversity of WaterlooFall 2011Instructor: Chengguo WengC. Weng (c2weng@uwaterloo.ca) p. 1/42Review on Prob. &amp; StatRandom varia
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Tutorial 3ACTSC 232, Fall, 2011The rst two questions use this select table of mortalityl[x][ x][40] 100000[41] 99802[42] 99597[43] 99365[44] 99120l[x]+1 l[x]+2 l[x]+399899 99724 9952099689 99502 9928399471 99268 9903099225 99007 9874798964 9
Waterloo - ACTSC - 371
ActSc 371 F2011 - Assignment TwoInstructor: Dr. Lysa PorthPossible MarksPart 1: MultipleChoice (MC)33Student ScoreID Number: _Last Name:_First Name:_This assignment is due on November 2, 2011, at the beginning of class (i.e. 2:30 pm in MC2066).
Waterloo - ACTSC - 371
ActSc 371 Lecture 4 HandoutInstructor: Dr. Lysa PorthHANDOUT: Useful Financial Ratios (Ross et al. 2011)SHORTTERM SOLVENCY RATIOSCurrent ratio = Current assets Current liabilitiesQuick ratio = (Current assets Inventory) Current liabilitiesACTIVITY R
Waterloo - ACTSC - 371
9/11/2011ActSc 371 Corporate Finance 1Introduction to Corporate FinanceInstructor: Dr. Lysa PorthAir Canada Case StudyIntroductionLecture 1Sections 1.1 and 1.2 from Chapter 1: Introduction toCorporate Finance(Corporate Finance by Ross et al.)AC
Waterloo - ACTSC - 371
9/13/2011ActSc 371 Corporate Finance 1Introduction to Corporate FinanceInstructor: Dr. Lysa Porth1.3 The Corporate Firm1.4 Goals of the Corporate Firm1.5 Financial Institutions, Financial Markets, and the Corporation1.6 Trends in Financial Markets
Waterloo - ACTSC - 371
ActSc 371 Corporate Finance 1Instructor: Dr. Lysa PorthLecture 2Practice Questions11. Firms issue securities or financial instruments (orclaims) to raise capital. These claims are classifiedas:A) stocks or bondsIntroductionB) debt or equityC) c
Waterloo - ACTSC - 371
9/15/2011ActSc 371 Corporate Finance 1Introduction to Corporate FinanceInstructor: Dr. Lysa Porth2.1 The Balance Sheet2.2 Statement of Comprehensive Income2.3 Net Working CapitalLecture 3IntroductionSections 2.1-2.3 from Chapter 2: Introduction t
Waterloo - ACTSC - 371
ActSc 371 Corporate Finance 1Instructor: Dr. Lysa PorthLecture 5Sections 3.1- and 3.2 from Chapter 3: Introduction toCorporate Finance (Corporate Finance by Ross et al.)1Introduction to Corporate Finance3.1 What is Financial Planning?3.2 A Financi
Waterloo - ACTSC - 371
ActSc 371 Corporate Finance 1Instructor: Dr. Lysa PorthLecture 16Sections 6.A: The Term Structure of Interest Rates(Corporate Finance by Ross et al.)1Spot Rates and Yield to MaturityIn chapter 6 we assumed interest was constant over allfuture peri
Waterloo - ACTSC - 371
ActSc 371 Corporate Finance 1Instructor: Dr. Lysa PorthLecture 22Sections 23.1 23.4:Options and Corporate Finance Basic ConceptsRules(Corporate Finance by Ross et al.)123.1 OptionsOptions are special contractual arrangements giving theowner the r
Waterloo - ACTSC - 371
ActSc 371 Corporate Finance 1Instructor: Dr. Lysa PorthLecture 23Sections 23.7 23.8:Options and Corporate Finance Basic ConceptsRules(Corporate Finance by Ross et al.)123.7 Valuing OptionsThe last sectionconcerned itselfwith the value ofan opti
Waterloo - ACTSC - 371
9/19/2011ActSc 371 Corporate Finance 1Introduction to Corporate FinanceInstructor: Dr. Lysa Porth3.1 What is Financial Planning?3.2 A Financial Planning Model: The IngredientsIntroductionLecture 5Sections 3.1- and 3.2 from Chapter 3: Introduction
UPenn - PSYC - 001
UNIT 2 startCh 6: LearningA relatively permanent change in an organisms behavior as a result of experienceHabituation process by which we respond less strongly over time to repeated stimuliLearning &amp; Behaviorismoriginal behaviorists focused solely o
UPenn - PSYC - 001
Ch 6 (cntd)Operant Condg (cntd)SCHEDULES OF REINFORCEMENTPartial reinforcement behaviors reinforced only occasionallyo at different times, or different occurrences of behavior, asopposed to continuous: reinforcing every occurrence of behavior parti
UPenn - PSYC - 001
Ch 5 cntdRETRIEVAL cntdBiased RecallConsistency, Change, EgocentrismPositivity bias Were the good ole days always so good?Misattribution Remembering info but not its sourceo E.g, recog someone but not remember from where; havea memory but unsure
UPenn - PSYC - 001
start Ch 7 IntelligenceHypothetical mental ability to direct your thinking, learn fromexperience &amp; adapt to your environmentINT AS A SOCIAL CONSTRUCTIONNot an objective quality that exists independent of culture.Each culture decides what abilities ar
UPenn - PSYC - 001
Ch 7 Intelligence (cntd)More on ReliabilityIQ tests quite reliable reliability coefficients in the .90sIQ is mostly stable* across age and across retestingMore on ValidityAre IQ tests valid? Depends on what for, but the answer is a qualified &quot;yes&quot;
UPenn - PSYC - 001
UNIT 2Ch 7 &amp; Ch 15 (see Reading Agenda)Critical Thinking &amp; ReasoningAs a follow-up to our discussion of IQ and g ,well discuss severalhabits of thinking that can improve or compromise our everydayjudgments. This info (along with all youll learn about
UPenn - PSYC - 001
Ch 10: DevelopmentGeneral Age RangesDevelopmental Psychology: The study of agerelated changes throughout the life span What do developmental psychologists study? What are the general methodologies? What Influences Development? What is the Nature of
UPenn - PSYC - 001
Ch 10 cntd PsychologyTheory of MindAbility to understand that ones self and other people havemental states (e.g. thoughts, beliefs, wishes), about the world,which may differ from reality or from others. To realize &quot;others may not know what I know.&quot;T
UPenn - PSYC - 001
Psychosocial Development (cntd)CHANGES IN ADOLESCENCEBodily changes Puberty Awkwardness of growing into your body SleepBrain changes Second major pruning of unused synaptic connections Frontal lobe still developingPotential family conflicts dise
UPenn - PSYC - 001
Ch 9 Emotion &amp; MotivationEmotionEmotionsFeeling states that include several components:Physiological Internal physical changes related to arousalRapid heart beat, butterflies in stomachExpressive/Behavioral Outward manifestations/behaviors of an e
UPenn - PSYC - 001
CH 11: PERSONALITYWho are You? Howd You Get That Way?Psychoanalytic Childhood experiences and unconscious motivationsTrait Your specific qualities /characteristics we can measureBehavioral (radical) Environment (punishers/reinforcers) &amp; your learning
UPenn - PSYC - 001
PSYC 001 Sec 2 Exam 4 (Final Exam) Study SheetWednesday May 5 9:00-11:00am MeyH B1 (our regular room)Bring a #2 pencil with an eraser. Avoid sitting in the last four rows; sit as close to the front as possible. You must alsobring your Student ID. At th
UPenn - PSYC - 001
UNIT 4Ch 12 Psychological DisordersAlthough the origins/causes of disorders are briefly addressed in thetext (and covered in more detail in other psych courses), we wontfocus on causes in Psych 001. Our focus will be mainly restricted todescribing th
UPenn - PSYC - 001
Ch 13: TX of DisordersLectures will be mainly on the psychotherapies. Focus on lecturecontent first to know how Im organizing each TX, then readabout each in the text. I wont be lecturing much on biomedicaltreatmentsthere wont be much to know from tha
UPenn - PSYC - 001
Ch 15: Social PsychologyThe study of how people think, feel, &amp; behave in social situations.Social InfluenceCONFORMITYAdjusting attitudes or behaviors b/c of actual/perceived pressure.Two general reasons:informational influence conform to others b/c
UPenn - PSYC - 001
Factors of influence in Altruism Clarity of the need for help Mood &amp; traits of the helper Environment Presence of others Bystander effect &amp; diffusion of responsibilityAbsence of Help: The Bystander Effect Kitty Genovese incident 38* witnesses repo
UPenn - PSYC - 001
Interpersonal AttractionPHYSICAL ATTRACTIVENESSSize, shape, facial features, etc. What is beautiful is good biaso An example of the halo effecto Tendency for one good trait in a person topositively bias our ratings of the person's other traito E.g
GWU - CSC - 6232
ConcurrencyState Models and Java ProgramsJeff MageeConcurrency: introductionandJeff Kramer1Magee/Kramer 2nd EditionWhat is a Concurrent Program?A sequential program has asingle thread of control.A concurrent program hasmultiple threads of cont
GWU - CSC - 6232
Chapter 2Processes &amp; ThreadsConcurrency: processes &amp; threads1Magee/Kramer 2nd Editionconcurrent processesWe structure complex systems assets of simpler activities, eachrepresented as a sequential process.Processes can overlap or beconcurrent, so
GWU - CSC - 6232
Chapter 3Concurrent ExecutionConcurrency: concurrent execution1Magee/Kramer 2nd EditionConcurrent executionConcepts: processes - concurrent executionand interleaving.process interaction.Models: parallel composition of asynchronous processes- int
GWU - CSC - 6232
Chapter 4Shared Objects &amp;Mutual ExclusionConcurrency: shared objects &amp; mutual exclusion1Magee/Kramer 2nd EditionShared Objects &amp; Mutual ExclusionConcepts: process interference.mutual exclusion.Models: model checking for interferencemodeling mutu
GWU - CSC - 6232
Chapter 5Monitors &amp;Condition SynchronizationConcurrency: monitors &amp; condition synchronization1Magee/Kramer 2nd Editionmonitors &amp; condition synchronizationConcepts: monitors:encapsulated data + access proceduresmutual exclusion + condition synchro
GWU - CSC - 6232
GWU - CSC - 6232
Chapter 7Safety &amp; LivenessPropertiesConcurrency: safety &amp; liveness properties1Magee/Kramer 2nd Editionsafety &amp; liveness propertiesConcepts:properties: true for every possible executionsafety: nothing bad happensliveness: something good eventuall
GWU - CSC - 6232
Chapter 8Model-Based DesignConcurrency: model-based design1Magee/Kramer 2nd EditionDesignConcepts: design process:requirements to models to implementationsModels: check properties of interest:- safety on the appropriate (sub)system- progress on
GWU - CSC - 6232
Chapter 9Dynamic SystemsConcurrency: dynamic systems1Magee/Kramer 2nd EditionDynamic SystemsConcepts: dynamic creation and deletion of processesResource allocation example varyingnumber of users and resources.master-slave interactionModels:stat
GWU - CSC - 6232
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GWU - CSCI - 6907
CSci 6907: Data Managementand Exploration on the WebNan ZhangCourse InformationMeeting time: Mondays 06:10-08:40PM Meeting location: Philips Hall, Room 108Office Hours: Mondays 12:00-2:00pm Office: Academic Center 715 Phone: (202) 994-5919 Email:
GWU - CSCI - 6907
Preliminaries:Information RetrievalIntroductionText mining refers to data mining using text documents asdata. Most text mining tasks use Information Retrieval (IR)methods to pre-process text documents. These methods are quite different from traditi
GWU - CSCI - 6907
Information IntegrationAdapted from slides for Liu, Web Data Mining: Exploring Hyperlinks, Contents, and Usage Data, 2nd ed., Springer, 2009.Introduction Atthe end of last topic, we identified the problem ofintegrating extracted data:o column match
GWU - CSCI - 6907
WEB CRAWLINGOutline Motivation and taxonomy of crawlers Basic crawlers and implementation issues Universal crawlers Preferential (focused and topical) crawlers Crawler ethics and conflictsQ: How does asearch engineknow that allthese pagescontai
GWU - CSCI - 6907
DATA EXPLORATION AND PRIVACYPRESERVATION OVER HIDDEN WEBDATABASESNan Zhang, The George Washington University1*Collaborative work with Xin Jin of George Washington University,Arjun Dasgupta, Bradley Jewell, Anirban Maiti, and Dr. Gautam Dasof Univer
GWU - CSCI - 6232
Concurrency, 3C03, 2002Answer Question 1 and two further questions.Marks for each part of each question are indicated in square brackets1.rsCalculators are NOT permitteda. Show an equivalent labelled transition system for each of the following FSP p
GWU - CSCI - 6232
Concurrency: State Models and Java Programs1Chapter 1 - exercisesThis is not really meant as an exercise, but as a way for you to get a firstcontact with the LTSA tool, which you will be using extensively in thiscourse.1.1Start the LTSA, and type t
GWU - CSCI - 6232
COMP30112: Concurrency ExercisesHoward Barringer February 2008Some of these exercises are taken from Magee and Kramers book Concurrency, which contains further exercises for you to attempt. Some of the other exercises were prepared by Mark Jacobson, an