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Classical Insurance Solvency Theory

  • Book
  • © 1988

Overview

Editors:
  1. J. David Cummins

    1. The Wharton School, University of Pennsylvania, Philadelphia, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Richard A. Derrig

    1. Massachusetts Rating Bureaus, Boston, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (3 chapters)

  1. Front Matter

    Pages i-xxv
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  2. On the Solvency of Insurers

    • Teivo Pentikäinen
    Pages 1-48

  3. The Management of Solvency

    • Gregory Taylor, Robert Buchanan
    Pages 49-155

  4. Erratum to: On the Solvency of Insurers

    • J. David Cummins, Richard A. Derrig
    Pages 161-161

  5. Back Matter

    Pages 157-160
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Keywords

About this book

The problem of solvency is, in fact, as old as insurance. The history of the industry knows many ways to meet the risks involved with underwriting, such as spreading the risk portfolio (Cato, Senior already applied it), risk selection, reserve funds, reinsurance, etc. Whilst these measures too often proved ineffective, the establish­ ment of legislative control and public supervision ensued. However, not until the last few decades has the solvency issue become an ob­ ject of intensive studies, very much thanks to the progress of related empirical and theoretical knowledge, and in the under­ standing of the concerned complicated processes. The research activities have grown extensively in many countries in recent years. The more the studies advance the more new relevant aspects are detected and a great variety of alternative proposals have come up for discussion. Therefore, it has become necessary to attempt a survey of the whole problem area in order to be able to place the quite numerous pieces of knowledge in their proper context, and also, among other things, to avoid the pitfalls of handling isolated problems omitting vital tie-ins to the environment. Many of the rele­ vant problems and subproblems are still lacking adequate and well tested solutions. Therefore, a survey of the whole problem area can also hopefully serve as guidance for future research efforts.

Editors and Affiliations

  • The Wharton School, University of Pennsylvania, Philadelphia, USA

    J. David Cummins

  • Massachusetts Rating Bureaus, Boston, USA

    Richard A. Derrig

Bibliographic Information

  • Book Title: Classical Insurance Solvency Theory

  • Editors: J. David Cummins, Richard A. Derrig

  • Series Title: Huebner International Series on Risk, Insurance and Economic Security

  • DOI: https://doi.org/10.1007/978-94-009-2677-6

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Kluwer Academic Publishers 1988

  • Hardcover ISBN: 978-0-89838-272-3Published: 31 May 1988

  • Softcover ISBN: 978-94-010-7707-1Published: 10 November 2011

  • eBook ISBN: 978-94-009-2677-6Published: 06 December 2012

  • Series ISSN: 0924-5014

  • Edition Number: 1

  • Number of Pages: XXVI, 160

  • Topics: Finance, general

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