Optimal reinsurance
- 1 April 1970
- journal article
- Published by Cambridge University Press (CUP) in Journal of Applied Probability
- Vol. 7 (1) , 134-156
- https://doi.org/10.2307/3212155
Abstract
The fundamental principle underlying insurance is that the expected value of claims is equal to the premium. This was established by Bernoulli [4] in 1738. Subsequent work on the development of ‘risk theory’ led to research concerning the probability of ‘ruin’ of an insurance company. A critical study of these investigations was made by Borch [3] in a recent paper.Keywords
This publication has 3 references indexed in Scilit:
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- The Theory of RiskJournal of the Royal Statistical Society Series B: Statistical Methodology, 1967
- The Optimal Regulation of Dams in Continuous TimeJournal of the Society for Industrial and Applied Mathematics, 1963