000 03765cam a2200625 i 4500
001 on1292532433
003 OCoLC
005 20240523125543.0
006 m o d
007 cr cnu---unuuu
008 220111t20222022njua ob 001 0 eng
010 _a 2021062793
040 _aDLC
_beng
_erda
_cDLC
_dOCLCO
_dOCLCF
_dOCLCO
_dN$T
_dYDX
_dDG1
_dUKAHL
_dOCLCQ
_dUPM
_dOCLCQ
_dOCLCO
_dOCLCL
019 _a1291893025
020 _a9781119756538
_qelectronic book
020 _a1119756537
_qelectronic book
020 _a9781119756521
_qelectronic book
020 _a1119756529
_qelectronic book
020 _a9781119755692
_qelectronic book
020 _a1119755697
_qelectronic book
020 _z9781119755678
_qhardcover
029 1 _aAU@
_b000070470927
035 _a(OCoLC)1292532433
_z(OCoLC)1291893025
042 _apcc
050 0 4 _aHG8054.5
_b.M55 2022
082 0 0 _a368
_223/eng/20220111
049 _aMAIN
100 1 _aMildenhall, Stephen J.,
_eauthor.
245 1 0 _aPricing insurance risk :
_btheory and practice /
_cStephen J. Mildenhall and John A. Major.
264 1 _aHoboken, NJ :
_bJohn Wiley & Sons, Inc.,
_c2022.
264 4 _c�2022
300 _a1 online resource (xiv, 538 pages) :
_billustrations
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
504 _aIncludes bibliographical references and index.
520 _a"In order to make insurance a trade at all, the common premium must be sufficient to compensate the common losses, to pay the expense of management, and to afford such a profit as might have been drawn from an equal capital employed in any common trade. Pricing insurance risk is the last mile of underwriting. It determines which risks are accepted onto the balance sheet and makes an insurer's risk appetite operational. It is critical to successful insurance company management. As the last mile, pricing depends on all that has come before. Actuaries and underwriters have analyzed and classified the risk, trended and developed losses, and on-leveled premiums to pick a best-estimate prospective loss cost. Accountants have allocated fixed and variable expenses. Simulation models place the new risk within the context of the company's existing portfolio. The mechanics of all this work is the subject of much of the actuarial education syllabus: experience and exposure rating, predictive analytics, and advanced statistical methods. That is not the subject of this book! All of that prior effort determines the expected loss, and we take it as a given. Pricing adds the risk margin-to afford capital a reasonable return. The risk margin is our subject"--
_cProvided by publisher.
588 _aDescription based on online resource; title from digital title page (viewed on June 17, 2022).
590 _aJohn Wiley and Sons
_bWiley Online Library: Complete oBooks
650 0 _aRisk (Insurance)
650 0 _aRisk management.
650 2 _aRisk Management
650 6 _aRisque (Assurance)
650 6 _aGestion du risque.
650 7 _arisk management.
_2aat
650 7 _aRisk (Insurance)
_2fast
650 7 _aRisk management
_2fast
700 1 _aMajor, John A.,
_eauthor.
758 _ihas work:
_aPricing insurance risk (Text)
_1https://id.oclc.org/worldcat/entity/E39PCXxftttPGxvkWrxCT7V3Hy
_4https://id.oclc.org/worldcat/ontology/hasWork
776 0 8 _iPrint version:
_aMildenhall, Stephen J.
_tPricing insurance risk
_dHoboken, NJ : John Wiley and Sons, 2022
_z9781119755678
_w(DLC) 2021062792
856 4 0 _uhttps://onlinelibrary.wiley.com/doi/book/10.1002/9781119756538
938 _aAskews and Holts Library Services
_bASKH
_nAH40117362
938 _aEBSCOhost
_bEBSC
_n3280414
994 _a92
_bINLUM
999 _c12857
_d12857