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4 years ago

Revolutionizing insurance compensation with accident year analysis and bonus banks!

Risk Management and Insurance Review
<scp>Accident Year Development, Bonus Banks, and Insurance Incentive Compensation</scp>
Joseph Calandro

Paper Summary

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Insurance claims can take a long time to settle, making it hard to measure how well insurance companies are doing. A method called accident year analysis helps manage this issue. This method hasn't been used much in deciding how much insurance company employees get paid. By combining accident year analysis with bonus banks and an insurance profit metric, a fair and consistent way to pay insurance workers can be created.