The Evaluation Of Risk Regarding Insurance. Statistical Methods Of Risk Dissipation

Mihai Aristotel Ungureanu (), Mihaela Gruiescu (), Corina Ioanăş () and Dragoş Dan Morega ()
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Mihai Aristotel Ungureanu: “Romanian American” University of Bucharest, Romania
Mihaela Gruiescu: “Romanian American” University of Bucharest, Romania
Corina Ioanăş: Academy of Economic Studies, Bucharest, Romania
Dragoş Dan Morega: Romanian Academy, Bucharest, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 2, 353-362

Abstract: Value at risk (VaR) is a summary statistic that quantifies the exposure of an asset or portfolio to market risk. Value at risk is now viewed by many as indispensable ammunition in any serious corporate risk manager’s arsenal. VaR is often used as an approximation of the maximum reasonable loss a company can expect to realize from all its financial exposures. The purpose of any risk measurement system and summary risk statistic is to facilitate risk reporting and control decision. VaR certainly is not the only way a firm can systematically measure its financial risk. But, its appeal is mainly its conceptual simplicity and its consistency across financial products and activities.

Keywords: insurance; value at risk; risk management; risk statistic (search for similar items in EconPapers)
JEL-codes: C10 C23 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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