In classical life insurance mathematics the obligations of the insurance company towards the policy holders were calculated on artificial conservative assumptions on mortality and interest rates. However, this approach is being superseded by develop
The insurance industry entered 2005 poised to take advantage of positive economic conditions in industrialized economies and spectacular growth in many underserved emerging markets. Yet, the numerous U.S. investigations into allegations of improper
ncome, Poverty, andHealth Insurance Coverage in the United States: 2005 U.S. Department of Commerce Economics and Statistics Administration U.S. CENSUS BUREAU
Australia has a developed, sophisticated and well regulated insurance market. It is the twelfth largest insurance market in the world and the fourth largest in the Asia-Pacific region.
In this article, we study two broad classes of convex order related optimal insurance decision problems, in which the objective function or the premium valuation is a general functional of the expectation, Value-at-Risk and Average Value-at-Risk of
