2005Journal of Shenzhen PolytechnicRequires access

An Optimal Model of Insurance Risk Management

Ou Song

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Abstract

The risk management of insurance transfer risk is investigated. The loss functions of the insured based on main types of claims of property insurance have been given. The decision model of optimal insurance risk control is derived in which the decision variable is insurance value. This model describes the relationship of probability distribution of risk loss of the insured and the premium rates of the insured.

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The risk management of insurance transfer risk is investigated. The loss functions of the insured based on main types of claims of property insurance have been given. The decision model of optimal insurance risk control is derived in which the decision variable is insurance value. This model describes the relationship of probability distribution of risk loss of the insured and the premium rates of the insured.

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Available abstract

The risk management of insurance transfer risk is investigated. The loss functions of the insured based on main types of claims of property insurance have been given. The decision model of optimal insurance risk control is derived in which the decision variable is insurance value. This model describes the relationship of probability distribution of risk loss of the insured and the premium rates of the insured.

Key concepts: Actuarial science, Risk management, Property insurance, Business, Risk pool, Auto insurance risk selection, Insurance policy, Key person insurance

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