 previous article in this issue | next article in this issue  |
|
Document Details : Title: Economic Premium Principles in Insurance and the Capital Asset Pricing Model Author(s): MÜLLER, Heinz H. Journal: ASTIN Bulletin Volume: 17 Issue: 2 Date: November 1987 Pages: 141-150 DOI: 10.2143/AST.17.2.2014969 Abstract : An insurance company is considered as an intermediary between policyholders and capital market. By applying the traditional and the generalized version of the capital asset pricing model, a class of premium principles can be derived. This class is fully compatible with Bühlmann's economic premium principle. Moreover, insurance premiums can be directly related to risk premiums on the stock exchange. |
