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Claim reserves in general insurance
Journal of the Institute of Actuaries, 19781.1. This paper is concerned with claim reserves in general insurance. General, or non-Life, insurance may be taken to include such classes of business as Motor, Liability, Property, etc., and the claim reserves with which the paper is concerned are usually described as ‘outstanding claims reserves’ or ‘reserves for claims incurred but not reported’ (I.
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A General Equilibrium Model of Portfolio Insurance
Review of Financial Studies, 1995This article examines the effects of portfolio insurance on market and asset price dynamics in a general equilibrium continuous-time model. Portfolio insurers are modeled as expected utility maximizing agents. Martingale methods are employed in solving the individual agents' dynamic consumption-portfolio problems.
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Mixture Utility in General Insurance
2010Aggregation functions and utility functions belong to very interesting parts of modern decision making theory. We develop basic concept of the connection of aggregation functions theory and utility theory to determine gross annual premium in general insurance.
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Equilibrium Pricing of General Insurance Policies
SSRN Electronic Journal, 2008Abstract A model is developed for determining the price of general insurance policies in a competitive, noncooperative market. This model extends previous single-optimizer pricing models by supposing that each participant chooses an optimal pricing strategy.
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A General Life Insurance Model
2012The life insurance market offers a wide range of different policies. It is, without expert knowledge, hardly possible to differentiate between all these policies. This is in particular due to the fact that the content of a life insurance is an abstract good.
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Insurance Policy: General or Specific.
American Psychologist, 1961John J. Brownfain+6 more
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