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This paper models an insurance market with insurers who compete with each other in more than one line of business (LoB). They set premiums for the single LoBs, whereas a discount on the total sum of the single premiums under a multi-policy contract is applied. Young tableaux are used to...
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In the insurance industry, the number of product-specific policies from different companies has increased significantly. The strong market competition has boosted the demand for a competitive premium. In actuarial science, scant literature still exists on how competition actually affects the...
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