Results 111 to 120 of about 1,040 (169)

Exponential Utility Theory Ratemaking: An Alternative Ratemaking Approach

Journal of Risk and Insurance, 1979
The alternative ratemaking methodology proposed here is based on the use of an exponential utility function to describe an insurer's attitude toward risk. Justification for a utility theory approach is provided by considering the relationship between risk, uncertainty, and ratemaking. The specific choice of the exponential utility function results from
exaly   +2 more sources

Insurance Ratemaking with Endogenous Deductibles

open access: yes
This project examines insurance ratemaking with an endogenous deductible. While it has been assumed that the deductible is exogenous to the claim frequency and severity in the classical nonlife insurance ratemaking practices, its endogeneity has been argued in terms of policyholder’s behaviour and asymmetric information to insurers.
Dongha Lee, Hangsuck Lee, Himchan Jeong
openaire   +2 more sources

A POSTERIORI RATEMAKING WITH PANEL DATA

ASTIN Bulletin, 2014
AbstractRatemaking is one of the most important tasks of non-life actuaries. Usually, the ratemaking process is done in two steps. In the first step, a priori ratemaking, an a priori premium is computed based on the characteristics of the insureds. In the second step, called the a posteriori ratemaking, the past claims experience of each insured is ...
Boucher, Jean-Philippe, Inoussa, Rofick
openaire   +2 more sources

Risk Considerations in Insurance Ratemaking

The Journal of Risk and Insurance, 1978
This paper examines insurance pricing and its regulation in the context of efficient capital markets. Starting with an aggregated model and generalizing results reported recently in the literature about “proper” underwriting profit, the paper turns to disaggregation of the model with m insurance lines.
Nahum Biger, Yehuda Kahane
openaire   +1 more source

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