Classical Insurance Solvency Theory Hardcover Book By Kluwer 1988

SERIES ON RISK, INSURANCE AND ECONOMIC SECURITY, 8) 1988TH EDITION

Dive into the thrilling world of insurance math with this page-turner. Who knew solvency could be this riveting? Impress friends with your new-found solvency knowledge from the comfort of your couch.

• Hardcover format
• Published by Kluwer
• Expertly edited content

• Trusted scientific authority

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 proved ineffective, the establish­ ment of legislative control and public supervision ensued. However, not until the last few decades has the solvency issue become an ob­ ject of intensive studies, very much thanks to the progress of related empirical and theoretical knowledge, and in the under­ standing of the concerned complic