JOURNAL ARTICLE

Risk Measures and Insurance Solvency Benchmarks.

  • Published In: Journal of the Royal Statistical Society: Series A (Statistics in Society), 2024, v. 187, n. 2. P. 549 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dietz, Sebastian 3 of 3

Abstract

The article discusses risk measures and insurance solvency benchmarks in the insurance industry. It explains that the primary target of regulation is to measure and maintain the solvency of insurance companies. The article introduces the (Cramér)-Lundberg ruin model as an alternative to the regulatory concept, which focuses on the non-ruin view and the accounting concept of going concern. The book provides a theoretical analysis of stochastic modeling in the Lundberg model, but it may be challenging to understand without a background in analysis and probability. The article suggests that including illustrative examples from real insurers' financial statements would make the book more appealing to insurance practitioners. [Extracted from the article]

Additional Information

  • Source:Journal of the Royal Statistical Society: Series A (Statistics in Society). 2024/04, Vol. 187, Issue 2, p549
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:0964-1998
  • DOI:10.1093/jrsssa/qnad132
  • Accession Number:177084129
  • Copyright Statement:Copyright of Journal of the Royal Statistical Society: Series A (Statistics in Society) is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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