Insurance and Risk Theory (Paperback, Softcover reprint of the original 1st ed. 1986)

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.

General

Imprint:	Springer
Country of origin:	Netherlands
Series:	NATO Science Series C, 171
Release date:	October 2011
First published:	1986
Editors:	Marc Goovaerts • F.Etienne De Vylder • J Haezendonck
Dimensions:	235 x 155 x 25mm (L x W x T)
Format:	Paperback
Pages:	488
Edition:	Softcover reprint of the original 1st ed. 1986
ISBN-13:	978-9401085533
Categories:	Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	9401085536
Barcode:	9789401085533

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