Title: Perspective: Country risk insurance, an insurer's view
Abstract: Kunreuther and Kleindorfer's chapter (this volume) contains some extremely valuable information, analysis, and insight into the present state of the country risk generated by the investment by our multinational corporations in foreign countries. In the process some assumptions are made that are subject to challenge, and some overemphasis is placed on the desirability of the development of empirical actuarial data and its application to premium determination for the insuring of this risk. It should be recognized that throughout the insurance business, with the possible exception of life insurance and broad-spectrum forms of property and casualty insurance such as private passenger automobile and homeowners, the data and actuarial projections for rate making are less than complete. Actuarial practice is as much an art as a science.
Publication Year: 1983
Publication Date: 1983-06-30
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot