Limit search to available items
Book Cover
E-book
Author Deelstra, Griselda, author.

Title Risk theory and reinsurance / Griselda Deelstra, Guillaume Plantin ; translated from the French by Urmie Ray
Published London : Springer, [2014]
©2014

Copies

Description 1 online resource (viii, 78 pages) : illustrations
Series EAA series, 1869-6929
EAA Series.
Contents Elements of risk theory -- Reinsurance market practices -- Optimal reinsurance
Summary Reinsurance is an important production factor of non-life insurance. The efficiency and the capacity of the reinsurance market directly regulate those of insurance markets. The purpose of this book is to provide a concise introduction to risk theory, as well as to its main application procedures to reinsurance. The first part of the book covers risk theory. It presents the most prevalent model of ruin theory, as well as a discussion on insurance premium calculation principles and the mathematical tools that enable portfolios to be ordered according to their risk levels. The second part describes the institutional context of reinsurance. It first strives to clarify the legal nature of reinsurance transactions. It describes the structure of the reinsurance market and then the different legal and technical features of reinsurance contracts, known as reinsurance treaties by practitioners. The third part creates a link between the theories presented in the first part and the practice described in the second one. Indeed, it sets out, mostly through examples, some methods for pricing and optimizing reinsurance. The authors' aim is to apply the formalism presented in the first part to the institutional framework given in the second part. It is reassuring to find such a relationship between approaches, seemingly abstract, and solutions adopted by practitioners. Risk Theory and Reinsurance is mainly aimed at graduate students in actuarial science but will also be useful for practitioners wishing to revive their knowledge of risk theory or to quickly learn about the main mechanisms of reinsurance
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (SpringerLink, viewed November 25, 2013)
Subject Risk (Insurance)
Reinsurance.
Risk.
Risk
BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
Risk
Reinsurance
Risk (Insurance)
Form Electronic book
Author Plantin, Guillaume, author.
Ray, Urmie, translator.
Translation of (work) Deelstra, Griselda. Théorie du risque et réassurance
ISBN 9781447155683
1447155688
Other Titles Théorie du risque et réassurance. English