Insurers' profits in the third-party liability insurance
Insurance: Mathematics and Economics p. 165- 172
In this note we derive the expected total discounted profit of an insurer due to a single policy holder within a third-party liability insurance. We consider both a policy holder claiming optimally and non-optimally.
|Keywords||Markov decision process, optimal claim behaviour|
|Persistent URL||dx.doi.org/10.1016/0167-6687(91)90046-Z, hdl.handle.net/1765/11664|
Dellaert, N.P., Frenk, J.B.G., & van der Laan, B.. (1991). Insurers' profits in the third-party liability insurance. Insurance: Mathematics and Economics, 165–172. doi:10.1016/0167-6687(91)90046-Z