Pricing Inadequacy Risk
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Pricing Inadequacy Risk
One of four types of risks affecting the life insurance company as identified by the society of actuaries . This risk is associated with losses that the life insurance company may incur as the result of the premium rates charged not being sufficient to pay for the adverse changes in mortality experience, morbidity experience, inflation effects on health care claims, changes in social values and their general adverse effects on claims, etc.
See also asset depreciation risk, general business risk , interest rate change risk.
See also asset depreciation risk, general business risk , interest rate change risk.
| Price/Earnings (P/E) Ratio, Price-Anderson Act, Preventive Care | |
| Priestly V. Fowler, Primacy, Primary Care Physician |
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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