Abstract
The paper shows a practical way to assess the underwriting risk of an insurance company. This is done by deriving the distribution of the annual underwriting result and describing the implications as to the management’s decision on the risk to be taken.
Keywords: Risk, underwriting risk, log-normal distribution, total loss distribution, monte-carlo-simulation, probability of ruin.
Keywords: Risk, underwriting risk, log-normal distribution, total loss distribution, monte-carlo-simulation, probability of ruin.
Volume
Toyko
Year
1999
Categories
Actuarial Applications and Methodologies
Enterprise Risk Management
Processes
Analyzing/Quantifying Risks
Financial and Statistical Methods
Simulation
Monte Carlo Valuation
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Traditional Risk Load (Profit Margin);
Financial and Statistical Methods
Risk Measures
Publications
ASTIN Colloquium
