Insurance Securitization - Hedging Catastrophe, Mortality and Longevity Risks
The insurance industry works on ‘The law of large numbers’ for calculating the premiums for each policyholder. The law aids in estimating the average expected total loss in writing multiple policies which are independent and exposed to the same loss potential. But the law breaks down in case of seve...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/23666/ |