
502 Pricing in General Insurance
• The third-party property damage and the third-party bodily injury components
of a third-party liability motor loss
• The hull component and the liability component of an aviation loss arising from
the same event (the more serious the damage to the hull is, the more likely it is that
passengers or other members of the public suffer third-party damage and bodily
injury)
• The property damage and the business interruption component of a commercial
property loss (it is likely that more extensive property damage will cause longer
periods of business interruption)
In all these cases, the issue of correlation ari