Insurance vs. loss prevention - an actuarial approach
| Autor: | Wolf-Rüdiger Heilmann |
|---|---|
| Rok vydání: | 1990 |
| Předmět: |
Statistics and Probability
Economics and Econometrics Actuarial science business.industry Financial risk management Factor analysis of information risk Credibility theory Key person insurance Auto insurance risk selection Risk pool Statistics Probability and Uncertainty business Risk assessment Risk management |
| Zdroj: | Insurance: Mathematics and Economics. 9:179-184 |
| ISSN: | 0167-6687 |
| DOI: | 10.1016/0167-6687(90)90032-9 |
| Popis: | Typical activities of a risk manager are loss prevention and risk transfer (e.g. by taking insurance). In this paper we present a model by which risk managers are enabled to find an optimal combination of loss prevention and insurance taking. This approach is built upon the collective model of risk theory and the Bernoulli principle of decision theory. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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