| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076541 | Insurance: Mathematics and Economics | 2013 | 9 Pages |
Abstract
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.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Vsevolod K. Malinovskii,