Insurance and Risk Theory: 171 (NATO Science Series C) - Tapa dura

 
9789027722034: Insurance and Risk Theory: 171 (NATO Science Series C)
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ISBN 10: 902772203X ISBN 13: 9789027722034
Editorial: Springer, 1986

Sinopsis

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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Reseña del editor

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.

Reseña del editor

Proceedings of the NATO Advanced Study Institute, Maratea, Italy, 15-25 July, 1985.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
Springer
Año de publicación
1986
Idioma
Inglés
ISBN 10 
902772203X
ISBN 13 
9789027722034
Encuadernación
Tapa dura
Número de páginas
504
Editor
De Vylder F. Etienne, Haezendonck J., Goovaerts Marc
Contacto del fabricante
Springer Nature Customer Service Center GmbH
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Otras ediciones populares con el mismo título

9789401085533: Insurance and Risk Theory: 171 (Nato Science Series C:)

Edición Destacada

ISBN 10:  9401085536 ISBN 13:  9789401085533
Editorial: Springer, 2011
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