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

Table of Contents

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Copyright
Acknowledgement
Contributors

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
    Appendix 1
    Appendix 2

Bibliography

Review
Robert P. Eramo

Review
Mark W. Littman