A study in risk theory and its application to the computation of the fluctuation reserve used in Finland

Publisher Website
Google Scholar
Abstract
The Finnish actuaries have during the last years paid much attention to questions about the solvency of insurance companies in general and especially to the measurement of solvency. The solvency measurement in Finland has been and is still closely linked to the size of the so-called fluctuation reserve, a part of technical reserves, which the insurance companies are obliged to calculate according to the instructions of the Supervisory Service, given by virtue of the Insurance Companies Act. The ultimate purpose of the fluctuation reserve is to safeguard policyholders and claimants against losses. The abovementioned instructions, which were modernised as recently as 1965, are based upon the following criterion of solvency, given by the Supervisory Service and expressed by Dr Pesonen in his paper “Solvency measurement” (Edinburgh, 17th Congress of Actuaries):

This publication has 0 references indexed in Scilit: