Statistics

Erwin Straub
Additional contact information
Erwin Straub: Swiss Reinsurance Company

Chapter Chapter 6 in Non-Life Insurance Mathematics, 1988, pp 89-101 from Springer

Abstract: Abstract It is generally known that we look into the past in order to guess what the future will bring. The same is true in insurance. As we have, for example, to fix the premium in advance for a risk or a collective of risks, we naturally look at claims that occurred in the past on similar risks. We compile statistics to get an idea of the future claims potential. It is crucial that this picture be realistic because, if our judgement of the future claims load is too low, we will very probably suffer a loss. If, on the contrary, we are too pessimistic, we may lose business, e.g. where our competitors are cheaper.

Keywords: Versus Versus Versus; Versus Versus Versus Versus; Versus Versus Versus Versus Versus; Large Claim; Claim Cost (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-662-03364-7_6

Ordering information: This item can be ordered from
http://www.springer.com/9783662033647

DOI: 10.1007/978-3-662-03364-7_6

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().