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On the Causes of Insolvency in Life Insurance Companies, and the best means of detecting, exposing, and preventing it

✍ Scribed by T. B. Sprague

Book ID
124775228
Publisher
Cambridge University Press
Year
1877
Weight
631 KB
Volume
20
Category
Article
ISSN
2046-1674

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Insolvency risk and its impact on the policyholders’ investment choices: a mean–variance approach for participating life insurance business in UK
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Ross and McWhirter (Ross and McWhirter, 1991. Unpublished paper) and Berketi and Macdonald (Berketi and Macdonald, 1999. Insurance: Mathematics and Economics 24, 117-138) showed that diversifying insolvency risk results in a substantial cost to the policyholders in terms of reduction in their expec