The fundamental theorem of mutual insurance

DOI10.1016/J.INSMATHECO.2017.06.002MaRDI QIDQ2364020zbMATH OpenOpenAlexFDO

Authors Peter Albrecht, Markus Huggenberger

Publication date 17 July 2017

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

Full work available at URL https://doi.org/10.1016/j.insmatheco.2017.06.002

zbMATH Keywords

Choquet expected utilitydistortion risk measuresexchangeabilitypooling risksreversed martingales

Mathematics Subject Classification ID

Martingales with discrete parameter (60G42) Utility theory (91B16)

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Cited in

(9)

• The merits of pooling claims: mutual vs. stock insurers
• Equilibrium recoveries in insurance markets with limited liability
• When is utilitarian welfare higher under insurance risk pooling?
• Valuation of information-sharing in marine mutual insurance
• Insurance premiums and default risk in mutual insurance
• Risk-Sharing and Contingent Premia in the Presence of Systematic Risk: The Case Study of the UK COVID-19 Economic Losses
• A unified theory of decentralized insurance
• Systematic risk in pools
• Choices at various levels of uncertainty: an experimental test of the restated diversification theorem

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