Centro de Documentación de Fundación MAPFRE - Rationale of underwriters' pricing conduct on competitive insurance market

Notes: Sumario: Underwriters'desire to show a good annual review is known to be a rationale of the aggressive pricing conduct. On the competitive insurance market, it impacts the global insurance processes and can lead to the competition-originated underwriting cycles. Applying Lundberg's model of the annual probability mechanism of insurance, we model the influence of a price reduction on migration and consequently on the company's annual expansion, revenue and solvency.Related records: En: Insurance : mathematics and economics. - Oxford : Elsevier, 1990- = ISSN 0167-6687. - 02/09/2013 Volumen 53 Número 2 - septiembre 2013 , p. 325-334Materia / lugar / evento: Empresas de seguros Mercado de seguros Modelos analíticos Matemática del seguro Tarificación Competitividad Other categories: 6

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