PINS S4.6 What is pricing risk?
Pricing risk, in relation to an insurance product, means the risk arising from inaccurately estimating:
(a) the claims and other business costs arising from the product; and
(b) the income from the investment of the premium received for the product.
|Inserted by QFCRA RM/2013-1 (as from 1st January 2015).|