Statistical Tools for Finance and Insurance  
 

20 Premiums, Investments, and Reinsurance
20.1 Introduction
20.2 Single-Period Criterion and the Rate of Return on Capital
20.3 The Top-down Approach to Individual Risks Pricing
20.3.1 Approximations of Quantiles
20.3.2 Marginal Cost Basis for Individual Risk Pricing
20.3.3 Balancing Problem
20.3.4 A Solution for the Balancing Problem
20.3.5 Applications
20.4 Rate of Return and Reinsurance Under the Short Term Criterion
20.5 Ruin Probability Criterion when the Initial Capital is Given
20.6 Ruin Probability Criterion and the Rate of Return
20.7 Ruin Probability, Rate of Return and Reinsurance
20.8 Final remarks
Bibliography

 
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