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Insurance: Mathematics and Economics
The paper presents a scheme to derive optimal insurance contracts in which the insured maximizes her expected utility, and the insurer limits the variance of his risk exposure while maintaining the principle of indemnity and charging the premium according to the expected value principle.
Yichun Chi +2 more
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The paper presents a scheme to derive optimal insurance contracts in which the insured maximizes her expected utility, and the insurer limits the variance of his risk exposure while maintaining the principle of indemnity and charging the premium according to the expected value principle.
Yichun Chi +2 more
openaire +2 more sources
1989
Keith Martin has, for the last ten years, managed a large shoe shop in the centre of a city. It has always been his ambition to run his own business but up until recently he has never had sufficient money to be able to purchase a shoe shop. Keith is, however, left quite a large sum of money and by chance a shoe shop near his home is put up for sale ...
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Keith Martin has, for the last ten years, managed a large shoe shop in the centre of a city. It has always been his ambition to run his own business but up until recently he has never had sufficient money to be able to purchase a shoe shop. Keith is, however, left quite a large sum of money and by chance a shoe shop near his home is put up for sale ...
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An insurance theory based optimal cyber-insurance contract against moral hazard
Information Sciences, 2020Wanchun Dou +6 more
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Facts About Hospital-Insurer Contracting
The American Journal of Managed CareTo use publicly available price transparency data files to establish empirical regularities about hospital-insurer contracting.Retrospective analysis of 10 price transparency data files from HCA Healthcare.Cross-sectional qualitative analysis of 524 hospital-insurer contracts across 10 hospitals.We ascertain 4 empirical regularities in these files ...
Morgan, Henderson, Morgane C, Mouslim
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Shipbuilders' risks insurance contract
2012Shipbuilders' risks insurance protects the builders from the loss of or the damage to the vessel under construction. It covers the entire period of construction until the delivery of the completed vessel to the buyer. The subject matter of insurance is the hull with all its parts and appurtenances, including materials, parts, engines and equipment that
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1998
This chapter identifies the requirements and procedures used to determine insurance prices. Unlike other products, the production cost of an insurance contract is not known in advance. The ultimate cost will be known only in some future date: an inversion of the production cycle.
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This chapter identifies the requirements and procedures used to determine insurance prices. Unlike other products, the production cost of an insurance contract is not known in advance. The ultimate cost will be known only in some future date: an inversion of the production cycle.
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Necessity of Insurable Interest in Insurance Contracts
SSRN Electronic Journal, 2008The need for an insurance cover is growing today owing to the occurrence and risk of enhanced perils, which were previously unknown to life, trade and commerce. Insurance is meant to safeguard man from unforeseen events, which might be of some detriment to him.
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