學門類別
最新個案
- Leadership Imperatives in an AI World
- Vodafone Idea Merger - Unpacking IS Integration Strategies
- V21 Landmarks Pvt. Ltd: Scaling Newer Heights in Real Estate Entrepreneurship
- Snapchat’s Dilemma: Growth or Financial Sustainability
- Did I Just Cross the Line and Harass a Colleague?
- Predicting the Future Impacts of AI: McLuhan’s Tetrad Framework
- Porsche Drive (A) and (B): Student Spreadsheet
- Porsche Drive (B): Vehicle Subscription Strategy
- TNT Assignment: Financial Ratio Code Cracker
- Winsol: An Opportunity For Solar Expansion
World Reinsurance Company: Excess-of-Loss Reinsurance Quote
內容大綱
An actuarial intern at World Reinsurance Company was casually checking his e-mail and noticed that he had received a request from his manager to develop a quote for an upcoming request for proposal from one of World Reinsurance Company’s larger clients, Ontario Life. The request for proposal would have to contain a quote for an excess-of-loss policy to reinsure Ontario Life’s 10-year-term life insurance policy, consisting of 100 high-risk policyholders, for retention limits over CA$250,000 on a per-loss basis. The quote was to be submitted for review by the end of the day, so the intern had to get started on it immediately.
學習目標
This case is intended for use in either an advanced undergraduate- or graduate-level business course. The content requires familiarity with spreadsheet modelling, basic probability concepts (including conditional probability), and simulating Bernoulli events. After working through the case and assignment questions, students will be able to<ul><li>model an insurance scenario; </li><li>discuss the differences between a conditional and unconditional probability; and </li><li>gain an understanding of the trade-offs of simulating expected values versus calculating expected values directly.</li></ul>