Classical Insurance Solvency Theory edited by J. David Cummins, Richard A. Derrig.
The problem of solvency is, in fact, as old as insurance. The history of the industry knows many ways to meet the risks involved with underwriting, such as spreading the risk portfolio (Cato, Senior already applied it), risk selection, reserve funds, reinsurance, etc. Whilst these measures too often...
Full description
Saved in: