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23
Pricing Considerations for Specic Lines of Business
This chapter is a quick gallery of pricing techniques for specic lines of business. It is nei-
ther comprehensive (many specialist lines of business have been left out) nor exhaustive (if
you are a specialist in one of these lines of business, you will inevitably nd the treatment
of that class of business rather shallow).
Rather, the lines of business included here have been selected to illustrate specic pric-
ing techniques:
• Professional indemnity (Section 23.1) to illustrate the pricing peculiarities of the
claims-made basis and of round-the-clock-reinstatements.
• Weather deriva