Insurance and Risk Theory - Couverture rigide

Couverture rigide

ISBN 10 : 902772203X ISBN 13 : 9789027722034

Editeur : Kluwer Academic Publishers, 1986

Synopsis

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.

Détails de l'édition

• Éditeur: Kluwer Academic Publishers
• Date d'édition: 1986
• Langue: anglais
• ISBN 10: 902772203X
• ISBN 13: 9789027722034
• Reliure: Relié
• Nombre de pages: 488
• Éditeur: Goovaerts Marc, De Vylder F. Etienne, Haezendonck J.
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne