October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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27Insurance and Reinsurance Products
2.3.3.2 Pricing Characteristics
Non-proportional reinsurance business has to deal almost by denition with little data,
especially when the threshold above which an insurer cedes its losses is high. Special tech-
niques such as exposure rating have been developed to allow estimating expected losses
when there is no available experience data.
2.4 Prudential Regulation Authority Classification
In this section, we will look at one specic classication scheme, which was developed
by the Financial Services Authority (FSA), the former regulator insurance business in the
United Kingdom. The FSA has now been split into ...
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