Insurance premiums under demand constraints
- 1 April 1981
- journal article
- free section
- Published by Taylor & Francis in Scandinavian Actuarial Journal
- Vol. 1981 (2) , 123-125
- https://doi.org/10.1080/03461238.1981.10413738
Abstract
An alternative approach to the variance principle of premium determination is explored. The approach rationalises the principle in terms of an economic theory and formalises the notion that loadings in addition to the ‘fair’ premium are related to competition and expenses.Keywords
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