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Aspects of Pricing in the London Market

Published online by Cambridge University Press:  10 June 2011

D.E.A. Sanders ,
A.N. Hitchcox  and
R. Manjrekar
D.E.A. Sanders
Affiliation:
Hymans Robertson, Hulton House, 161–166 Fleet Street, London, EC4A 2DY, U.K. Tel: +44(0)171-831-9561; Fax: +44(0)171-450-4800
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Abstract

Actuaries have become increasingly involved in general insurance, and in particular, in the London Market. This paper examines the management of the pricing process in the context of the London Market, and deals with concepts such as profit testing, risk and reward, and setting underwriting targets. The key area covered is the communication of a strategy in a meaningful way that can be controlled at the operating level.

Keywords

London MarketReinsurancePricingProfit TestingRisk and RewardUnderwriting TargetsAsset Liability Management
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 4 , Issue 3 , 01 August 1998 , pp. 427 - 483
Copyright
Copyright © Institute and Faculty of Actuaries 1998

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