This eBook presents pure premium and claim ratio approaches to
ratemaking in non-life insurance. It also covers three approaches to loss
reserving for incurred claims – expected claim ratio, chain ladder and
Bornhuetter-Ferguson methods. Included
is a discussion of deductibles and policy limits and non-life insurance ratios
such as loss elimination ratio and combined ratio.
About the authors
Dr. Abdul Rahman holds graduate degrees in mathematics and financial economics and won the best teacher award by MBA students for 12 consecutive years at the Telfer School of Management. He has published in prestigious academic journals, held university positions as Full Professor and Associate Dean and consulted for global financial institutions in banking, insurance and asset management.
Drs. Dick Harryvan has a graduate degree in business economics. He is an entrepreneurial executive with extensive experience in setting up life and direct retail banking greenfields including ING Direct the world’s largest direct bank which grew to 24 million customers. Being pragmatic, customer centric, focused and keeping things simple are keys to success and are reflected in this Art of Insurance series.