Experience Rating for Non-Proportional Reinsurance
Pietro Parodi
Abstract
Pietro Parodi
Abstract
The objective of this section is to show how we can adapt the risk-costing process that we developed in the previous chapters for the purpose of pricing non-proportional reinsurance. Note that proportional reinsurance, because it just cedes a proportional amount of each risk to the reinsurer, will not be significantly different from direct insurance and therefore does not require a separate treatment.
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The objective of this section is to show how we can adapt the risk-costing process that we developed in the previous chapters for the purpose of pricing non-proportional reinsurance. Note that proportional reinsurance, because it just cedes a proportional amount of each risk to the reinsurer, will not be significantly different from direct insurance and therefore does not require a separate treatment.
Key concepts: Reinsurance, Rating system, Psychology, Statistics, Mathematics, Actuarial science, Business, Economics