DocumentCode
2421871
Title
What risks lead to ruin
Author
Santhanam, Narayana ; Anantharam, Venkat
Author_Institution
Dept. of Electr. Eng., Univ. of Hawaii at Manoa, Honolulu, HI, USA
fYear
2010
fDate
Sept. 29 2010-Oct. 1 2010
Firstpage
844
Lastpage
850
Abstract
Insurance transfers losses associated with risks to the insurer for a price, the premium. Considering a natural probabilistic framework for the insurance problem, we derive a necessary and sufficient condition on loss models such that the insurer remains solvent despite the losses taken on. In particular, there need not be any upper bound on the loss - rather it is the structure of the model space that decides insurability.
Keywords
decidability; insurance; probability; risk management; insurability; insurance problem; insurance transfers losses; loss models; model space; natural probabilistic framework; necessary and sufficient condition; risks; Distribution functions; Force; Games; Insurance; Length measurement; Loss measurement; Solvents;
fLanguage
English
Publisher
ieee
Conference_Titel
Communication, Control, and Computing (Allerton), 2010 48th Annual Allerton Conference on
Conference_Location
Allerton, IL
Print_ISBN
978-1-4244-8215-3
Type
conf
DOI
10.1109/ALLERTON.2010.5706996
Filename
5706996
Link To Document