Pricing Insurance Risk

[b]PRICING INSURANCE RISK[/b] [b]A comprehensive framework for measuring, valuing, and managing risk [/b] [i]Pricing Insurance Risk: Theory and Practice[/i] delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component. The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium. They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of …