| Property insurance develops very fast today in China,however,the proportion of liability insurance is still at a low level in property insurance.Employers' liability insurance in China is one of the conventional insurance cases of liability insurance,which is slow and far less than the average level of the world insurance developed countries.The main reason is that employer liability insurance in China established later then other countries,the public lack of awareness of employers' insured,imperfect legal system and so on.And in the employer liability insurance product pricing process,insurance companies can not control the impact of underwriters' subjective judgments on the quality of the policy,because of that,the property insurance companies can not develop employer liability insurance better.Firstly,based on the content of the insurers' requirements,the paper analyzes the underwriting process of the guarantor,then finds that there may be a lot of subjective judgment in the evaluation of the risk factors of the insureds,which maybe lead to the mistake of insurance rate selection.Secondly,use the N property insurance company's policy data to analysis and find that the number of policies increases first and then reduces with the increase in premium rates.Thirdly,use the standard deviation principle of risk premium and the relevant constraint to derive the upper and lower limit of the insurance reference rate.The upper limit of the premium rate increases with the decrease of the target compensation rate,and decreases with the increase of the insurance premium.The lower limit of the premium rate decreases as the number of policy objectives increases.Finally,we can put forward the optimization strategy and process of premium pricing,which can be used for reference.I hope to reduce the potential risk loss in subjective judgment process,then improve the operation of the company's employer liability insurance products. |
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