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Economics of Insurance

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ISBN-10: 1483294900

ISBN-13: 9781483294902

Edition: 1990

Authors: K. H. Borch, A. Sandmo, K. K. Aase

List price: $72.95
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Description:

The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries.Reinsurance is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters.…    
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Book details

List price: $72.95
Copyright year: 1990
Publisher: Elsevier Science & Technology Books
Publication date: 7/14/2014
Binding: E-Book 
Pages: 410
Language: English