Actuarial Considerations Regarding Risk Return In Property-Casualty Insurance Pricing

Actuarial Considerations Regarding Risk And Return In Property-Casualty Insurance Pricing

Chapter authors cover P&C insurance topics topics ranging from legal perspectives and cash flow models to rate of return and the cost of capital.

© 1999. Casualty Actuarial Society.

Preface
by Oakley E. Van Slyke

1. The Legal Perspective: Appropriate Profit Margins in Property & Casualty Insurance Rates
   Judith Mintel
2. Fundamental Building Blocks of Insurance Profitability Measurement
   Russell E. Bingham
3. Introduction to the Discounted Cash Flow Approach
   Stephen P. D'Arcy, FCAS
4. Cash Flow Models In Ratemaking: A Reformulation Of Myers-Cohn NPV and IRR Models For Equivalency
   Russell E. Bingham
5. Rate of Return
   Frank D. Pierson, FCAS
6. Investment-Equivalent Reinsurance Pricing
   Rodney Kreps, FCAS, MAAA, PhD
7. Theoretical Premiums For Property and Casualty Insurance Coverage - A Risk-Sensitive, Total Return Approach
   Ira Robbin
8. Insurance Profitability
   Charles L. McClenahan, FCAS, ASA, MAAA
9. The Confirmed Operating Return Approach
   Judith Mintel
10. The Profit Provision
    Charles F. Toney II, FCAS
11. The Cost of Capital: An Axiomatic Approach
    Oakley E. Van Slyke, FCAS, ASA, MAAA