Insurance and Risk Theory (Nato Science Series C:, 171, Band 171) - Hardcover

 
9789027722034: Insurance and Risk Theory (Nato Science Series C:, 171, Band 171)
Hardcover
ISBN 10: 902772203X ISBN 13: 9789027722034
Verlag: Springer, 1986

Inhaltsangabe

Canadian financial institutions have been in rapid change in the past five years. In response to these changes, the Department of Finance issued a discussion paper: The Regulation of Canadian Financial Institutions, in April 1985, and the government intends to introduce legislation in the fall. This paper studi.es the combinantion of financial institutions from the viewpoint of ruin probability. In risk theory developed to describe insurance companies [1,2,3,4,5J, the ruin probability of a company with initial reserve (capital) u is 6 1 -:;-7;;f3 u 1jJ(u) = H6 e H6 (1) Here,we assume that claims arrive as a Poisson process, and the claim amount is distributed as exponential distribution with expectation liS. 6 is the loading, i.e., premium charged is (1+6) times expected claims. Financial institutions are treated as "insurance companies": the difference between interest charged and interest paid is regarded as premiums, loan defaults are treated as claims.

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Verlag
Springer
Erscheinungsdatum
1986
Sprache
Englisch
ISBN 10 
902772203X
ISBN 13 
9789027722034
Einband
Gebundene Ausgabe
Anzahl der Seiten
500
Herausgeber
Goovaerts Marc, De Vylder F. Etienne, Haezendonck J.
Kontakt zum Hersteller
preigu GmbH & Co. KG
mail@preigu.de

Lengericher Landstr. 19
Osnabrück
Niedersachsen
49078
Deutschland

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Softcover