Guelman, Leo; Guillén, Montserrat; Pérez-Marín, Ana M. - In: Insurance: Mathematics and Economics 58 (2014) C, pp. 68-76
We consider a model for price calculations based on three components: a fair premium; price loadings reflecting general expenses and solvency requirements; and profit. The first two components are typically evaluated on a yearly basis, while the third is viewed from a longer perspective. When...