volume 4, issue 3, P427-483 1998
DOI: 10.1017/s1357321700000118
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D.E.A. Sanders, A.N. Hitchcox, R. Manjrekar

Abstract: Actuaries have become increasingly involved in general insurance, and, in particular, in the London Market. This paper examines the management of the pricing process in the context of the London Market, and deals with concepts such as profit testing, risk and reward, and setting underwriting targets. The key area covered is the communication of a strategy in a meaningful way that can be controlled at the operating level.