Actuarial pricing for motor third party liability in Albania
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Дата
2021
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Анотація
In the Motor Third Party Liability (MTPL) business it is important to be aware of the difference between costing the policies and pricing the product. In practice, there are almost as many ways of doing this as there are insurers in the market. Methods range from a simple percentage uplift of the whole rating table, to sophisticated rating models dealing with many different parameters and variables for each rating group. A correct rating process normally should start with a calculation of the pure risk premium that is the premium required simply to meet the expected cost of claims arising from the policies written under the new rates. The risk premium should be determined from the base data by deriving appropriate values for exposure and claims. Then these values must be projected to the midpoint of the new exposure period covering written under the new rates. Allowance in the projection of these values for inflation and any trends in experience thought likely to apply over this period.
Опис
Xhaja B. Actuarial pricing for motor third party liability in Albania / B. Xhaja, E. Kalluçi, K. Haxhi // Інформаційні технології і автоматизація – 2021 : матеріали XIV Міжнар. наук.-практ. конф., Одеса, 21–22 жовт. 2021 р. / Одес. нац. акад. харч. технологій ; орг. ком.: Б. В. Єгоров (голова) та ін. – Одеса, 2021. – P. 17–188. – Ref.: 3 tit.