Abstract
The subject of this paper is an insurance product which is growing rapidly and about which very little has been written. This paper provides background information, discusses basic ratemaking and presents several factors which complicate ratemaking for this product. Numerical examples of some of the ratemaking complexities are provided. Also, for one of the major ratemaking complexities, an adjustment to basic ratemaking is presented.
Volume
May, Vol 1
Page
369-394
Year
1990
Categories
Actuarial Applications and Methodologies
Ratemaking
Business Areas
Warranty/Service Contracts
Publications
Casualty Actuarial Society Discussion Paper Program
