Insurance and Risk Theory: 171 (Nato Science Series C:, 171) - Image 1

£149.64

Springer Insurance and Risk Theory: 171 (Nato Science Series C:, 171)

Name: Insurance and Risk Theory: 171 (Nato Science Series C:, 171)
Brand: Springer
Price: 150.64 GBP
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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.

Product Specifications

Brand: Springer
Format: paperback
ASIN: 9401085536
Category: Books > Subjects > Business, Finance & Law > Accounting
Domain: Amazon UK
Publication Date: 04 October 2011
Listed Since: 21 December 2012

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Springer Insurance and Risk Theory: 171 (Nato Science Series C:, 171)

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