October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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Experience Rating for Non-Proportional Reinsurance
The objective of this section is to show how we can adapt the risk-costing process that we
developed in the previous chapters for the purpose of pricing non-proportional reinsur-
ance. Note that proportional reinsurance, because it just cedes a proportional amount of
each risk to the reinsurer, will not be signicantly different from direct insurance and
therefore does not require a separate treatment.
Non-proportional reinsurance pricing has some peculiarities we need to cater to. For
example,
i. The policy basis may be ‘losses occurring during’ (LOD; not different from
the standard occu ...
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