000			02794cam a22004338i 4500
001			22380408
003			KWUST
005			20240208110738.0
006			m |o d |
007			cr_|||||||||||
008			220111s2022 nju ob 001 0 eng
010			_a 2021062793
020			_a9781119756538 _q(ebook)
020			_a9781119755692 _q(pdf)
020			_a9781119756521 _q(epub)
020			_z9781119755678 _q(hardback)
040			_aLCC _beng _cKWUST _erda
042			_apcc
050	0	0	_aHG 8054.5 _b.M55 2022
082	0	0	_a368 _223/eng/20220111
100	1		_aMildenhall, Stephen J., _eauthor.
245	1	0	_aPricing insurance risk : _btheory and practice / _cStephen J Mildenhall, John A Major.
263			_a2204
264		1	_aHoboken, NJ : _bJohn Wiley and Sons, _c2022.
300			_a1 online resource
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 print version record and CIP data provided by publisher; resource not viewed.
650		0	_aRisk (Insurance)
650		0	_aRisk management.
700	1		_aMajor, John A., _eauthor.
776	0	8	_iPrint version: _aMildenhall, Stephen J. _tPricing insurance risk _dHoboken, NJ : John Wiley and Sons, 2022 _z9781119755678 _w(DLC) 2021062792
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK
999			_c2590 _d2590