Abstract
In a series of studies K. Borch has considered the problem of introducing a utility function into actuarial theory. His work refers mainly to inquiries about the situation during a financial year of an insurance company. By means of the claim distribution for the risks insured during an insurance year the best reinsurance for this insurance year is obtained, the best reinsurance being considered that one which provides the greatest utility.
Volume
4:1
Page
6-10
Year
1966
Categories
Financial and Statistical Methods
Aggregation Methods
Collective Risk Model
Actuarial Applications and Methodologies
Enterprise Risk Management
Risk Categories
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Utility Theory
Publications
ASTIN Bulletin
