The Profit Provision

Abstract

Actuarial Considerations Regarding Risk and Return in Property-Casualty Insurance Pricing

Chapter 10

McClenahan and D’Arcy agree that profit should vary with the risk involved in transacting the business. The task is to estimate what profit is appropriate for a given leve1 of risk. I shall address what I think are the characteristics of a proper risk-load, and I shall conclude with why I support the percentage of premium position at this time.

Page
1-6
Year
1999
Publications
Actuarial Considerations Regarding Risk and Return in Property-Casualty Insurance Pricing
Authors
Charles F. Toney II
Formerly on syllabus
Off