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Insurance and Risk Theory (Hardcover, 1986 ed.) Loot Price: R6,174
Discovery Miles 61 740
Insurance and Risk Theory (Hardcover, 1986 ed.): Marc Goovaerts, F.Etienne De Vylder, J Haezendonck

Insurance and Risk Theory (Hardcover, 1986 ed.)

Marc Goovaerts, F.Etienne De Vylder, J Haezendonck

Series: NATO Science Series C, 171

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Loot Price R6,174 Discovery Miles 61 740 | Repayment Terms: R579 pm x 12*

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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: Kluwer Academic Publishers
Country of origin: Netherlands
Series: NATO Science Series C, 171
Release date: March 1986
First published: 1986
Editors: Marc Goovaerts • F.Etienne De Vylder • J Haezendonck
Dimensions: 235 x 155 x 26mm (L x W x T)
Format: Hardcover
Pages: 488
Edition: 1986 ed.
ISBN-13: 978-90-277-2203-4
Categories: Books > Business & Economics > Finance & accounting > Finance > Insurance > General
Books > Money & Finance > Insurance > General
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LSN: 90-277-2203-X
Barcode: 9789027722034

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