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The Influence of Expense Loadings on the Fairness of a Tariff

Published online by Cambridge University Press:  29 August 2014

Jean Lemaire
Jean Lemaire*
Affiliation:
Université Libre de Bruxelles, Brussels, Belgium
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Abstract

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In non-life insurance, it is nearly always assumed that the expense loading is a fraction of the risk premium. This may deeply affect the fairness of a tariff, as illustrated in the case of the Belgian bonus-malus system.

Keywords

Rate makingExpense loadings
Type
Research Article
Information
ASTIN Bulletin: The Journal of the IAA , Volume 14 , Issue 2 , October 1984 , pp. 165 - 171
Copyright
Copyright © International Actuarial Association 1984

References

REFERENCES

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Lemaire, J. (1982) L'assurance Automobile: Modèles Mathématiques et Statistiques. Fernand Nathan-Editions Labor.Google Scholar
Roy, J. (1980) La Tarification en Assurance Automobile au Québec. Rapport du Surintendant des Assurances.Google Scholar