Pricing Insurance Risk: Theory and Practice Mildenhall Stephen J.
A comprehensive framework for measuring, valuing, and managing riskPricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a…
Specifikacia Pricing Insurance Risk: Theory and Practice Mildenhall Stephen J.
A comprehensive framework for measuring, valuing, and managing riskPricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component.The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium. They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix.Readers will discover: - Definitions, classifications, and specifications of risk An in-depth treatment of classical risk measures