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Insurers' profits in the third-party liability insurance
- Source :
- Insurance: Mathematics and Economics. 10:165-172
- Publication Year :
- 1991
- Publisher :
- Elsevier BV, 1991.
-
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.
- 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
Subjects
Details
- ISSN :
- 01676687
- Volume :
- 10
- Database :
- OpenAIRE
- Journal :
- Insurance: Mathematics and Economics
- Accession number :
- edsair.doi...........ee6a904f4402c502c5a89b58d6d20327
- Full Text :
- https://doi.org/10.1016/0167-6687(91)90046-z