7P Framework: Determining the Premium for an Insurance

Business Insurance
Knowledge Center

 
Business Insurance > Forum

New Topic


Kailash Chandra Mishra
Management Consultant, India
Underwriting is the reconciliation of a risk price with reference to a standard price, which is commonly known as premium in insurance. The 7 Ps of Underwriting for pricing or premium rating: P1 Place (Geographical distribution of risk) P2 Period (Timing of risk - frequency and severity) P3 Property / proportioned liability (Mitigable finite value of property or casuality risk) P4 Peril (single or multiple branded risks) P5 Person (Propensity of moral hazard) P6 Portion (Layer of risk) P7 PAD (Provision for adverse deviation) (...) Read more? Sign up for free

 

More on Business Insurance
Summary
Forum
7A Framework : The Organization of an Insurance Business
7P Framework: Determining the Premium for an Insurance
🔥How to Quantify Risks Indicators of Any Industry
Special Interest Group

Are you interested in Business Insurance? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:


Business Insurance
Knowledge Center

 


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 5-3-2021. All names of their owners.