1. Insurers' profits in the third-party liability insurance
- Author
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Bob van der Laan, Hans Frenk, and Nico Dellaert
- Subjects
Statistics and Probability ,Finance ,Economics and Econometrics ,Actuarial science ,Third party ,business.industry ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,Liability insurance ,Profit (economics) ,ComputingMilieux_GENERAL ,Insurance policy ,Auto insurance risk selection ,Casualty insurance ,Markov decision process ,Business ,Statistics, Probability and Uncertainty - Abstract
In this note we derive the expected total discounted profit of an insurer due to a single policy holder within a third-party liability insurance. We consider both a policy holder claiming optimally and non-optimally.
- Published
- 1991
- Full Text
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