What risks lead to ruin | IEEE Conference Publication | IEEE Xplore

What risks lead to ruin


Abstract:

Insurance transfers losses associated with risks to the insurer for a price, the premium. Considering a natural probabilistic framework for the insurance problem, we deri...Show More

Abstract:

Insurance transfers losses associated with risks to the insurer for a price, the premium. Considering a natural probabilistic framework for the insurance problem, we derive a necessary and sufficient condition on loss models such that the insurer remains solvent despite the losses taken on. In particular, there need not be any upper bound on the loss - rather it is the structure of the model space that decides insurability.
Date of Conference: 29 September 2010 - 01 October 2010
Date Added to IEEE Xplore: 04 February 2011
ISBN Information:
Conference Location: Monticello, IL, USA

References

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