Financial Pricing Models for Property-Casualty Insurance Products: Implementation and Presentation
- Topics:
- Insurance
- Source:
- Casualty Actuarial Society
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Overview: This paper deals with implementation of a return on capital pricing model and with the presentation of pricing indications to insurance practitioners. Given the pricing assumptions, this paper shows the loss ratio or combined ratio needed to achieve a target return on capital. The target loss ratio or combined ratio may be used as performance goals or plan objectives for underwriting units in the company. It also shows the sensitivity of the target loss ratio or combined ratio to the discretionary pricing assumptions.
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Format: PDF | Size: 899KB | Date: Mar 2004 | Pages: 22




