Optimal Premium Pricing for a Heterogeneous Portfolio of Insurance Risks

Table 1

Application parameters. The amounts are in $10.000

Class	Population in class	Claim probability			Mean	St. deviation
k	n	q	𝜇	𝜎	m	v
1	4000	0.05	0.21	0.0316	0.0105	0.0463
2	2200	0.10	1	0.0447	0.1	0.3
3	800	0.21	1.3	0.0316	0.273	0.530