Premiums in non-Life Insurance: on the Property of Iterativity
This paper presents the premium calculation principles related to an insurance risk together with the desirable properties that should be satisfied. The main result concerns the iterativity property of the principle of equivalent utility (or the principle of zero utility). We compare two loss distributions through their calculated premiums.
Year of publication: |
2012
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Authors: | Mihaela, Covrig |
Published in: |
Ovidius University Annals, Economic Sciences Series. - Facultatea de Ştiinţe Economice, ISSN 1582-9383. - Vol. XII.2012, 2, p. 1055-1058
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Publisher: |
Facultatea de Ştiinţe Economice |
Subject: | non-life insurance | insurance premiums | principles of premium calculation | principle of equivalent utility (or principle of zero utility) | iterativity |
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