Introduction To Ratemaking And Loss Reserving For Property And Casualty Insurance <TRUSTED ⇒>

: The 5th edition is currently a required text for several Society of Actuaries (SOA) exams, including FAM , FAP , and ASTAM . It provides the essential "building blocks" needed to pass these introductory actuarial assessments.

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The fundamental principle of ratemaking is that premiums should be (not too low), not excessive (not too high), and not unfairly discriminatory (similar risks pay similar premiums). not excessive (not too high)