Pricing Insurance Risk

Pricing insurance risk is a book I have written with John Major. It describes the last mile of underwriting. Actuaries and accountants have determined the cost of goods sold: the expected loss cost, direct and allocated expenses. In fact they have gone beyond simple point estimates and have provided a full range of potential outcomes, understood within the context of all the other risks written by the company. All that remains is to set a manual rate or quote a price or to accept or reject an offered market price (firm order). The book describes the actuarial, risk theory, finance and accounting approaches to pricing insurance risk.

The book is currently being typeset and is due in stores May 2022. It can be pre-ordered on Amazon.

posted 2022-01-28 | tags: book, pricing insurance risk, pricing, insurance, risk, PIRC

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