Abstract
In some recent papers ((I), (2) and (3)) about reinsurance problems I have made extensive use of utility concepts. It has been shown that if a company follows when defined objectives in its reinsurance policy, these objectives can be represented by a utility function which the company seeks to maximize. This formulation of the problem will in general make it possible to determine a unique reinsurance arrangement which is optimal when the company's objectives and external situation are given.
Volume
1:5
Page
245-255
Year
1961
Categories
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Utility Theory
Practice Areas
International Areas
Publications
ASTIN Bulletin
