IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-662-03364-7_3.html
   My bibliography  Save this book chapter

Premiums

In: Non-Life Insurance Mathematics

Author

Listed:
  • Erwin Straub

    (Swiss Reinsurance Company)

Abstract

The premium is the price for the good “insurance” (or “reinsurance”) sold by the insurance industry. So, as with any other industry, the right pricing—which is here called “rating” — is vital since too low a price level results in a loss, while with too high rates a company or a whole sector of the insurance industry can price itself out of the market. On top of this, premiums and tariffs are often a political subject, particularly so of course with lines of business such as Social Security, Motor Liability and Health insurance. And finally also the insurance supervisory authorities have a peculiar interest in premiums and rate levels since, if they approve too low prices, they would share the guilt if a company went bankrupt and, if they support inappropriately high rates, they could be criticised for helping the industry become rich at the cost of the man in the street.

Suggested Citation

  • Erwin Straub, 1988. "Premiums," Springer Books, in: Non-Life Insurance Mathematics, chapter 0, pages 52-67, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-03364-7_3
    DOI: 10.1007/978-3-662-03364-7_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-662-03364-7_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.