Hostname: page-component-cd9895bd7-hc48f Total loading time: 0 Render date: 2024-12-23T13:00:05.892Z Has data issue: false hasContentIssue false
  • English
  • Français

Office Premiums

Published online by Cambridge University Press:  27 November 2014

J. Stocks
J. Stocks*
Affiliation:
Institute of Actuaries Students' Society
Get access

Extract

Office Premiums should fulfil the following conditions:—

(1) They should be adequate. Whatever the method of construction, the premium must be sufficient to cover the risk and expense, and leave a reasonable margin of profit.

(2) They must be reasonable from a competitive standpoint.

(3) They must be consistent with one another.

The premiums should be based on select rates of mortality, and our decision of the table of mortality to be used for the premiums for particular classes of risk should be based on—

(1) The experience of the class of assurance.

(2) Possible variation in that experience in the future.

(3) The special conditions of the particular office.

Type
Papers
Information
Journal of the Staple Inn Actuarial Society , Volume 1 , Issue 2 , 1912 , pp. 20 - 23
Copyright
Copyright © Institute of Actuaries Students' Society 1912

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)