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
20.4
Rate of Return and Reinsurance Under the Short Term Criterion
20.4.1
General Considerations
20.4.2
Illustrative Example
20.4.3
Interpretation of Numerical Calculations in Example 2
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