Oh, Kiseok; Kang, Han B. - In: Journal of Insurance Issues 27 (2004) 1, pp. 41-65
Most ratemaking principles or models for insurance pricing in the literature do not seem to incorporate at least one of the following three elements: contingency of claims, investment income of insurers, and insolvency risk of insurers. As far as we know, Doherty-Garven (1986) appears to be the...