Joint insurance and capitalization costs

DOI10.1016/0167-6687(88)90092-3MaRDI QIDQ1094069zbMATH OpenOpenAlexFDO

Authors Charles S. Tapiero, Laurent L. Jacque

Publication date 1988

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0167-6687(88)90092-3

zbMATH Keywords

agency costscapitalization costsdiffusion approximationdynamical modelinsolvencyjoint insurancepremium paymentsre-capitalization

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05)

Review text

This paper studies the underpinnings of three related issues that arise in joint insurance. These are: capitalization, premium payments and relevance (or irrelevance) of insolvency. Principally, a dynamical model is constructed and investigated in terms of the impact of the policies a joint insurance firm may follow. A discussion relating to agency costs and re-capitalization in joint insurance, as well as a specific case are treated in detail.

Recommendations

• Joint-life insurance under random rates of interest
• Joint Insolvency Analysis of a Shared MAP Risk Process: A Capital Allocation Application
• Insurance Capital as a Shared Asset
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Cites work

• scientific article; zbMATH DE number 3885030 (Why is no real title available?)
• scientific article; zbMATH DE number 3906232 (Why is no real title available?)
• scientific article; zbMATH DE number 3965294 (Why is no real title available?)
• scientific article; zbMATH DE number 3333061 (Why is no real title available?)
• Impulsive control in management: Prospects and applications
• Insurance premiums and default risk in mutual insurance
• Long-term average cost control problems for continuous time Markov processes: A survey
• Optimum excess-loss reinsurance: A dynamic framework
• Premium valuation in international insurance

Cited in

(1)

• Insurance Capital as a Shared Asset

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