Pricing Assumptions
- Actually, all of us know it is one thing to build into your pricing assumptions a certain rate of return, but it is quite another thing to find out what rate of return you are actually experiencing.
-- Owen A. Reed
1981 - SOA - Effective Use of Capital, rsa81v7n312, Society of Actuaries - 24p
- Premium Considerations
- The non-guaranteed premium concept can be utilized for all forms of nonparticipating insurance, including both term and permanent policies.
- In setting insurance premiums, the actuary can use pricing assumptions that are as realistic as possible.
- The actuary is not locked into "50 years" of insufficient premiums if his or her estimates of future assumptions prove to be too optimistic.
-- Richard A. Swift - [Bonk: Aetna-?]
1980 - SOA - Nonparticipating Life Products with Nonguaranteed Premiums (rsa80v6n22), Society of Actuaries - 18p