October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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379Pricing Considerations for Specic Lines of Business
If the situation is difcult with temperature, for which there are at least traded substitution
assets such as energy contracts and weather future contract, it becomes desperate for over-the-
counter products for rainfall, snow, wind or a combination of several weather variables.
These pricing difculties, and the fact that many insurers are not comfortable with
option pricing methods, open up a space for actuarial methods, which are arguably the
most popular for pricing these products.
23.2.5.2 Actuarial Method
As we have discussed through the book, the standard way of pricing a commercia ...
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