QBRMQualified Business Reply Mail (United States Postal Service)
QBRMQualified Business Reply Mail (US Postal Service)
References in periodicals archive ?
(1) There are many QBRMs that have respectable properties and are demonstrably superior to the VaR, but the choice of "best" risk measure(s) is a subjective one that can also depend on the context.
"Quantile-Based Measures of Risk" discusses and compares the main types of QBRMs, focusing mainly on the VaR, coherent measures (including those familiar to actuaries as CTE or tail VaR), spectral measures, and distortion measures.
We now consider some illustrative insurance problems that involve the estimation of QBRMs. These are chosen to show how some of the issues and methods we have discussed can be applied to insurance problems, and to highlight the thinking behind the application.