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Classical Insurance Solvency Theory (Paperback, Softcover reprint of the original 1st ed. 1988)
Loot Price: R4,499
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Classical Insurance Solvency Theory (Paperback, Softcover reprint of the original 1st ed. 1988)
Series: Huebner International Series on Risk, Insurance and Economic Security, 8
Expected to ship within 10 - 15 working days
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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."
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