In Case of Emergency: Capital Requirements

Catrin Townsend ()

Chapter Chapter 12 in A Risky Business, 2022, pp 241-266 from Springer

Abstract: Abstract Businesses don’t like holding money. Money sitting in a bank account is money that could be better used for other things—investing in the business, or perhaps investing in other people’s businesses—to receive a higher return. In this chapter, we will be considering how much money insurers and pension providers need to hold. Like most actuarial science, it involves balancing risk and practicalities. And like most Simpsons episodes, it involves a touch of reality, a dash of the absurd, and a talent for predicting the future.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-11673-5_12

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DOI: 10.1007/978-3-031-11673-5_12

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