October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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346 Pricing in General Insurance
ABCD EFGHIJ
Sum insured
(lower limit)
Sum insured
(upper limit)
Average in
band, M
Total premium
Original
loss ratio
Expected
losses
G(d) G(d + l)
Loss cost
to layer
0500,000 250,000 734,874 60%440,925 99.9% 99.9% 0% 0
500,001 1,000,000 750,001 192,912 60%115,747 99.9% 99.9% 0% 0
1,000,001
1,500,000 1,250,001 237,273 60%142,364 99.9% 99.9% 0% 0
1,500,001
2,000,000 1,750,001 211,035 60%126,621 99.9% 99.9% 0% 0
2,000,001
2,500,000 2,250,001 194,928 60%116,957 93.5% 99.9% 6% 7,578
2,500,001
3,000,0002,750,001 161,752 60%97,051 83.6% 99.9% 16% 15,831
3,000,001
3,500,0003,250,001 186,473 60%111,884 76.3% 99.9% 24% 26,403
3,500,001
4,000,000
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