| Popis: |
The paper described the Life Offices Association's inter-office expense investigation (IOEI) which has been set up so that data on life office costs might be made available to the actuarial profession and their significance discussed. The paper included various expense analyses. One of these analyses used a linear regression equation to determine if economies of scale were being achieved by life insurance offices. (Pages 372 to 374 of the paper). The authors stated that they would have liked to pursue the subject further, but were severely restricted by the problem of confidentiality. The basic data are strictly confidential: without knowledge of which data relate to which office, it is impossible, for example to exclude unsuitable outliers or utilise additional information about the offices etc. |
