Profit Planning in Non-Life Insurance Companies through the Use of a Probability Model
β Scribed by Charles S. Beightler and Robert L. Street
- Book ID
- 124595564
- Publisher
- John Wiley and Sons
- Year
- 1967
- Tongue
- English
- Weight
- 406 KB
- Volume
- 34
- Category
- Article
- ISSN
- 0022-4367
- DOI
- 10.2307/251323
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π SIMILAR VOLUMES
A unit-linked life insurance contract is a contract where the insurance benefits depend on the price of some specific traded stocks. We consider a model describing the uncertainty of the financial market and a portfolio of insured individuals simultaneously. Due to incompleteness the insurance claim
Let a decision policy ~r correspond to a twodimensional stochastic process {tzlr(t), Lt'}, with 0 < tx~(t) \_< 1 where 1-tx,( 0 denotes the fraction of the incoming claims at time t that is reinsured and L," denotes the total payout of dividend up to time t. When applying policy ~-the reserve of the