ABSTRACT
Cor responding data from F i n l a n d are given i n F igure 12.2.2 where
the graphs for the whole market are supplemented by informat ion
concerning ind iv idua l insurers.
(b) Observations. A s t r ik ing feature is the occurrence of more or
less irregular cycles several years i n length. This confirms the remarks
made i n section 9.2, i n that context in relat ion to c la im expenditure,
but clearly capable of extension to the whole insurance process: each
process is a super imposi t ion of trends, cycles and short-term fluc-
tuations.
