Classical Insurance Solvency Theory

J. David Cummins, Richard A. Derrig (Herausgeber)

Buch | Softcover

160 Seiten

2011 | Softcover reprint of the original 1st ed. 1988
Springer (Verlag)
978-94-010-7707-1 (ISBN)

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The problem of solvency is, in fact, as old as insurance. The history of the industry knows many ways to meet the risks involved with underwriting, such as spreading the risk portfolio (Cato, Senior already applied it), risk selection, reserve funds, reinsurance, etc. Whilst these measures too often proved ineffective, the establish ment of legislative control and public supervision ensued. However, not until the last few decades has the solvency issue become an ob ject of intensive studies, very much thanks to the progress of related empirical and theoretical knowledge, and in the under standing of the concerned complicated processes. The research activities have grown extensively in many countries in recent years. The more the studies advance the more new relevant aspects are detected and a great variety of alternative proposals have come up for discussion. Therefore, it has become necessary to attempt a survey of the whole problem area in order to be able to place the quite numerous pieces of knowledge in their proper context, and also, among other things, to avoid the pitfalls of handling isolated problems omitting vital tie-ins to the environment. Many of the rele vant problems and subproblems are still lacking adequate and well tested solutions. Therefore, a survey of the whole problem area can also hopefully serve as guidance for future research efforts.

1 On the Solvency of Insurers.- Foreword.- Problems and Definitions.- Risk Analysis, Straightforward and Statistical Analysis.- Public Solvency Control.- The Insurer’s Own Efforts.- Life Insurance.- 2 The Management of Solvency.- Definition.- Measurement.- Factors Affecting Solvency.- Management.- Presentation.- Conclusion.

Reihe/Serie	Huebner International Series on Risk, Insurance and Economic Security ; 8
Zusatzinfo	XXVI, 160 p.
Verlagsort	Dordrecht
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	94-010-7707-X / 940107707X
ISBN-13	978-94-010-7707-1 / 9789401077071
Zustand	Neuware