EAA Series

Risk Theory and Reinsurance

Authors: Deelstra, Griselda, Plantin, Guillaume

Free Preview
  • Provides a concise introduction to risk theory and its application procedures to reinsurance
  • Applies the formalism of risk theory to the institutional framework of reinsurances
  • Useful for both academics and practitioners wishing to revive their knowledge of risk theory or to quickly learn about the main mechanisms of reinsurance
see more benefits

Buy this book

eBook $39.99
price for USA in USD
  • ISBN 978-1-4471-5568-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.99
price for USA in USD
Rent the eBook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
About this book

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 master's 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.

Reviews

“The book was written by two well-known actuarial scientists and economists. They give a very interesting mix of introductory notes to risk theory and optimal reinsurance, which were typically treated separately in existing books. … This research monograph would be a great introductory book for graduate students and beginning researchers who want to get a glimpse of research works in these two fields … .” (Runhuan Feng, zbMATH 1309.91002, 2015)


Table of contents (3 chapters)

Table of contents (3 chapters)

Buy this book

eBook $39.99
price for USA in USD
  • ISBN 978-1-4471-5568-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.99
price for USA in USD
Rent the eBook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Risk Theory and Reinsurance
Authors
Series Title
EAA Series
Copyright
2014
Publisher
Springer-Verlag London
Copyright Holder
Springer-Verlag London
eBook ISBN
978-1-4471-5568-3
DOI
10.1007/978-1-4471-5568-3
Softcover ISBN
978-1-4471-5567-6
Series ISSN
1869-6929
Edition Number
1
Number of Pages
VIII, 78
Number of Illustrations
3 b/w illustrations
Topics