Abstract
Mr. Beckman and Mr. Tremelling conclude from historical evidence that the premium-surplus relationship is unstable and does not show long-term trends. They further conclude that policyholders’ surplus has been the volatile element of the ratio primarily because of fluctuations in the stock market.
Volume
LX
Page
112-116
Year
1973
Categories
Actuarial Applications and Methodologies
Valuation
Financial Performance Measurement
Actuarial Applications and Methodologies
Capital Management
Publications
Proceedings of the Casualty Actuarial Society
