Category Archives for insurance finance

Probability Distributions

RANDOM VARIABLES AND THEIRCHARACTERISTICS Tomasz Rolski & Hanspeter Schmidli 2.1.1 Distributions of Random VariablesRandom variables are basic concepts in probability theory. They are mathematicalformalizations of random outcomes given by numerical values. Anexample of a random variable is the amount of … Continue reading →

11. April 2011 by ayong
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RELATED FINANCIAL TOPICS

Investment of SurplusIn Section 1.4 we have already mentioned that the calculation of premiumsconstitutes an essential part of the actuarial know-how. Although thesepremiums are nonrandom for a certain time horizon, their calculation involvesinformation on the stochastic elements within the portfolio … Continue reading →

11. April 2011 by ayong
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Concepts from Insurance andFinance

1.1 INTRODUCTION Let us start out with a concrete example. Consider all policies covering fire ofapartments in a suburb of a major city that are underwritten with a specificinsurance company. The insured goods have a comparable value and thechances of … Continue reading →

11. April 2011 by ayong
Categories: insurance finance | Tags: | Leave a comment