نتایج جستجو برای: time value of ruin
تعداد نتایج: 21292984 فیلتر نتایج به سال:
The aim of this paper is to study optimal riskand value-based management decisions regarding a non-life insurer’s investment strategy by maximizing shareholder value based on preference functions, while simultaneously controlling for the ruin probability. We thereby extend previous work by explicitly accounting for the policyholders’ willingness to pay depending on their risk sensitivity based ...
writing as a productive skill requires practice in the basic sub-skills of vocabulary and grammar. in fact, grammar has been viewed as the core of programs in writing classes to help the students put the elements of sentence together and combine sentences of specific lengths to come up with an error-free work of art. conceptualizing l2 writing in this way introduces writing as a product and enc...
abstract nowadays, the science of decision making has been paid to more attention due to the complexity of the problems of suppliers selection. as known, one of the efficient tools in economic and human resources development is the extension of communication networks in developing countries. so, the proper selection of suppliers of tc equipments is of concern very much. in this study, a ...
We find the minimum probability of lifetime ruin of an investor who can invest in a market with a risky and a riskless asset and who can purchase a reversible life annuity. The surrender charge of a life annuity is a proportion of its value. Ruin occurs when the total of the value of the risky and riskless assets and the surrender value of the life annuity reaches zero. We find the optimal inve...
Gerber and Shiu (1997) have studied the joint density of the time of ruin, the surplus immediately before ruin, and the deficit at ruin in the classical model of collective risk theory. More recently, their results have been generalised for risk models where the interarrival density for claims is nonexponential, but belongs to the Erlang family. Here we obtain generalisations of the Gerber–Shiu...
Stop-loss reinsurance is a risk management tool that allows an insurance company to transfer part of their company. Ruin probabilities allow us measure the effect stop-loss on solvency primary insurer. They further permit calculation economic capital, or required initial capital hold, corresponding 99.5% value-at-risk its surplus. Specifically, we show under contract, ruin probability for insur...
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