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Time Delays And The Underwriting Cycle

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Author Info
Ovidiu Solomon (Romanian American University)
Carmen Pricină (Romanian American University)
Abstract

We shall consider the concept of time delays and the extent to which this is a common feature in many general insurance systems. We shall then present an example of a model of an insurance system with delays that helps to explain the phenomenon of underwriting cycles.

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File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI08/REBE-WI08-A3.pdf
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Publisher Info
Article provided by Romanian-American University in its journal Romanian Economic and Business Review.

Volume (Year): 3 (2008)
Issue (Month): 4 (Winter)
Pages: 35-43
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Handle: RePEc:rau:journl:v:3:y:2008:i:4:p:35-43

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Related research
Keywords: insurance; time delays; underwriting cycle; forecasting; rating formula;

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