Ordering of risks in life insurance (Q1205682)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Ordering of risks in life insurance |
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Ordering of risks in life insurance (English)
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1 April 1993
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After restating some results on ordering relations (stochastic and stop- loss order), the paper introduces loss functions for life insurances and derives theorems relating stopp-loss order and monotone loss functions. This approach is applied to generalize some results of the authors [Proc. 24 th Int. Congr. Actuaries, Montreal (1992)] on optimal insurance plans, where optimal is used in the sense of minimal variance of the discounted loss function.
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stochastic order
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ordering relations
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life insurances
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stopp-loss order
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monotone loss functions
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optimal insurance plans
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minimal variance
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discounted loss function
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