Premiums in non-Life Insurance: on the Property of Iterativity

Covrig Mihaela ()
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Covrig Mihaela: The Bucharest University of Economic Studies, Faculty of Economic Cybernetics, Statistics and Informatics, Department of Statistics and Econometrics

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1055-1058

Abstract: 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.

Keywords: non-life insurance; insurance premiums; principles of premium calculation; principle of equivalent utility (or principle of zero utility); iterativity. (search for similar items in EconPapers)
JEL-codes: C02 G22 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1055-1058

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