Gründl, Helmut; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005
decisions in insurance companies, such asexpanding or contracting lines of business. We also show that net present valueanalyses … framework no capital allocation to lines of
business is needed for pricing insurance contracts. In the case of having to cover … lines of business. We also show that net present value
analyses provide better capital budgeting decisions than capital …