This paper reports the main results of the 2012 Risk Premium Project (RPP) update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property-casualty insurance. Pricing and modelling insurance risks and methodological advancement in risk valuation were popular fields of research in 2012. Of special note is new work on behavioural pricing and liquidity. Additionally, underwriting cycles attracted some controversy, and emerging risks, such as systemic risk and potential interrelations between insurance and other financial markets were also areas of intense discussion. Moreover, a database summarizing all research findings is provided online at www.casact.org/rpp2
Source
Casualty Actuarial Society
Length of Resource
13 pages
Resource File
Date Published
Publication Type
paper
Resource Type
academic