Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Insurance and Risk Theory

Insurance and Risk Theory

Goovaerts, Marc
de Vylder, F. Etienne
Haezendonck, J.

Hardcover

Series: NATO Science Series C:, Book 171

AccountingInvesting & FinanceGeneral Gardening

ISBN10: 902772203X
ISBN13: 9789027722034
Publisher: Springer Nature
Published: Mar 31 1986
Pages: 488
Weight: 1.98
Height: 1.29 Width: 6.50 Depth: 9.32
Language: English
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.

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