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	Provedor de dados AgEcon (1) Autor Schnitkey, Gary D. (1) Sherrick, Bruce J. (1) Woodard, Joshua D. (1) Palavra-chave Actuarially fair (1) Crop Production/Industries (1) Crop insurance (1) Insurance rating (1) Loss cost ratio (1) Risk Management Agency (1) Risk and Uncertainty (1) Risk growth (1) Yield trends (1) Mais... Tipo do documento Journal Article (1) Ano 2011 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Actuarial Impacts of Loss Cost Ratio Ratemaking in U.S. Crop Insurance Programs AgEcon Woodard, Joshua D.; Sherrick, Bruce J.; Schnitkey, Gary D.. This study examines the actuarial implications of the loss cost ratio (LCR) ratemaking methodology employed by the Risk Management Agency as a component of base rates for U.S. crop insurance programs, and identifies specific conditions required for the LCR methodology to result in unbiased rates when liabilities trend. Specifically, constant relative yield risk resulting in growing absolute variance through time and other restrictive requirements are required for the LCR to result in unbiased rates. These requirements are tested against a large farm-level data set for Illinois corn. Our findings indicate that the conditions required for appropriate use of the LCR methodology are violated for this high premium volume market, resulting in large implied rate... Tipo: Journal Article Palavras-chave: Actuarially fair; Crop insurance; Insurance rating; Loss cost ratio; Risk growth; Risk Management Agency; Yield trends; Crop Production/Industries; Risk and Uncertainty. Ano: 2011 URL: http://purl.umn.edu/105550 Registros recuperados: 1 Primeira ... 1 ... Última

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