Financial Pricing in Property and Liability Insurances, Evidence From the Egyptian Insurance Market

Hamed Abd Elkaway El Kawaga and Asharf Sayed Abdelzaher
Additional contact information
Hamed Abd Elkaway El Kawaga: Faculty of Commerce, Tanta University, Tanta, Egypt
Asharf Sayed Abdelzaher: Faculty of Commerce, Beni-Suef University, Beni Suef, Egypt

International Journal of Customer Relationship Marketing and Management (IJCRMM), 2018, vol. 9, issue 4, 55-69

Abstract: The use of pricing a model's insurance derivatives in corporate risk management, particularity in insurance has grown rapidly recently. Financial prices for insurance reflects equilibrium relationships between risk and return or, minimally, avoid the creation of arbitrage opportunities. The major objective of this article is to provide evidence that in the Egyptian insurance market during the period 2002-2013, using Black-Scholes model, there was a transfer of wealth from policyholders to insurance companies via overvaluation of insurance premiums. This contribution may have some crucial implications in terms of the “fairness” of pricing insurance contracts.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 18/IJCRMM.2018100104 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jcrmm0:v:9:y:2018:i:4:p:55-69

Access Statistics for this article

International Journal of Customer Relationship Marketing and Management (IJCRMM) is currently edited by Riyad Eid

More articles in International Journal of Customer Relationship Marketing and Management (IJCRMM) from IGI Global
Bibliographic data for series maintained by Journal Editor ().