This eBook presents pure premium and claim ratio approaches to ratemaking in non-life insurance. It also covers three approaches to loss reserving for incurred claims – expected claim ratio, chain ladder and Bornhuetter-Ferguson methods. Included is a discussion of deductibles and policy limits and non-life insurance ratios such as loss elimination ratio and combined ratio
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This eBook presents pure premium and claim ratio approaches to ratemaking in non-life insurance. It also covers three approaches to loss reserving for incurred claims – expected claim ratio, chain ladder and Bornhuetter-Ferguson methods. Included is a discussion of deductibles and policy limits and non-life insurance ratios such as loss elimination ratio and combined ratio
