Aspects of Decisions in the Field of Insurance

Diana SOARE (dumitrescu), Alexandru Ursache and Olivia Georgiana Nita
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Diana SOARE (dumitrescu): Academia de Studii Economice
Alexandru Ursache: Academia de Studii Economice
Olivia Georgiana Nita: Academia de Studii Economice

Romanian Statistical Review Supplement, 2015, vol. 63, issue 10, 22-26

Abstract: The objective of this presentation consists in combining theoretical notions relating to insurance, their role in the economy and forms of expression with a practical study on how action in order to adopt the best in this field. Aggregating multiple risks insurance policyholders, insurers can take advantage of the law of large numbers, as long as there is a strong correlation between the different risks insured in insurance policyholders. In this way, insurers can diversify their risk.

Keywords: insurance; according to the utility; insurance; marginal benefit; hedging; optimal decision (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:63:y:2015:i:10:p:22-26

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