The recent Development of Risk Theory and its Applications

J. Kupper

ASTIN Bulletin, 1967, vol. 4, issue 2, 106-119

Abstract: The response to the invitation for the 5th Colloquium has been, especially for subject 1, very gratifying; a large number of meritorious papers have been sent in. Fortunately, it took not much time in this case to find a good guide for all this work. R. E. Beard presents in his article “Some Actuarial Aspects of Non-Life Insurance Company Management”) a broad cross-section of the many problems that confront the non-life insurer. It was therefore regarded as not quite unwise to follow his steps and to discuss the other papers at suitable points.In the first half of his work R. E. Beard deals with a practical example from motor insurance, which is fully calculated with the help of numerical data. The question relates to the estimation of the value of outstanding claims, a quantity which is of decisive importance for the evaluation of the results of a portfolio. Apart from chance fluctuations which might affect the statistics from year to year, there are three major factors that render the task of estimation difficult:(a) the natural growth of the portfolio(b) the fact that bigger claims require longer time for settlement than the smaller ones(c) the change in the value of money with time.

Date: 1967
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:astinb:v:4:y:1967:i:02:p:106-119_01

Access Statistics for this article

More articles in ASTIN Bulletin from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().