Abstract
AbstractStimulated by a recent contribution by G. Venter in this journal the adequate-ness of (re-)insurance premium calculation based on the hypothesis of arbitrage free (re-)insurance markets is questioned. It is argued that—in contrast to the theory of financial markets—it is not reasonable to demand that insurance markets are arbitrage free. In addition the adjusted distribution principles put forward by Venter are claimed to be invalid.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Finance,Accounting
Cited by
15 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献
1. A Fresh Perspective on Systematic Risk and its Principles in Risk Management;SSRN Electronic Journal;2023
2. Pooling and Valuation Revisited;SSRN Electronic Journal;2021
3. Premium Calculation and Insurance Pricing;Wiley StatsRef: Statistics Reference Online;2014-09-29
4. Premium Principles;Wiley StatsRef: Statistics Reference Online;2014-09-29
5. The merits of pooling claims revisited;The Journal of Risk Finance;2012-05-18