It spread rapidly throughout computer systems in the United States and Europe.It is estimated that the virus caused 80 million dollars in damages to computers worldwide.Burning cost premium is the historical risk premium for a portfolio of business.It is calculate as (total cost of claims)/( total exposed to risk ).Cyberharassment as a crime also brings us to another related area of violation of privacy of citizens.Violation of privacy of online citizens is a Cybercrime of a grave nature.Is there any reading material available on the net about this topic? So for pricing reinsurance, it looks like either a company specific or industry wide or a combination of history from the 2 sources could be used.Is there any reading material available on the net about this topic?
The second category of Cyber-crimes is that of Cybercrimes against all forms of property.By amortizing the gains over the life of the original asset the IMR significantly limits the benefit of realizing unrealized gains purely to enhance the stat balance sheet. It has given rise to new opportunities in every field we can think of – be it entertainment, business, sports or education. The internet, along with its advantages, has also exposed us to security risks that come with connecting to a large network.Good papers on Reinsurance Pricing Start with Clark basics of Reinsurance This is one of the best papers on any syllabus and should be a must read for anyone who works in reinsurance (not just the actuaries). And if you still want more goto Patrick (also available on the internet). If you have questions on the papers feel free to ask here, I will help when I have time. I work on the asset/liability matching for my company. I also allocate the IMR to their respective segments. I know that it has something to do with amortization but when a bond is sold for a gain/loss, doesn't that impact the company? IMR is a method of helping companies keep their assets and liabilities matched for items like bonds and mortgages, whose values change based solely on a change in interest rates.
Another argument for the IMR is that in its absence an insurer could manipulate their statutory balance sheet and income by selling assets whose market value exceeded their book value (thus realizing gains) while holding on to assets whose market value was below their book value.