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Document Details : Title: On the Optimal Pricing of a Heterogeneous Portfolio Author(s): FALIN, Gennady I. Journal: ASTIN Bulletin Volume: 38 Issue: 1 Date: May 2008 Pages: 161-170 DOI: 10.2143/AST.38.1.2030408 Abstract : We apply simple geometrical arguments to show that well-known approaches to determine the premium in insurance contract minimize a weighted squared differences both between the individual premiums and the individual claims and between the total premiums for classes of homogeneous risks and total claims from these blocks of business. |
