Abstract
Mr. Smith's paper provides a useful basic approach to the entire question of measuring insurer profitability, the premise that insurance profitability must be viewed in the context of optimal resource allocation. Consequently, economic theory provides certain underlying principles which need to be observed when measuring or regulating insurance profitability in order to assure that optimal resource allocation takes place.
Volume
May
Page
311-320
Year
1979
Categories
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Competitive Analysis
Actuarial Applications and Methodologies
Regulation and Law
Rate Regulation
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
ROE
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Traditional Risk Load (Profit Margin);
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Utility Theory
Publications
Casualty Actuarial Society Discussion Paper Program
