Joint insurance and capitalization costs

Charles Tapiero, Laurent Jacque

Research output: Contribution to journalArticle

Abstract

This paper studies the underpinnings of three related issues that arise in joint insurance. These are: capitalization, premium payments and relevance (or irrelevance) of insolvency. Principally, a dynamical model is constructed and investigated in terms of the impact of the policies a joint insurance firm may follow. A discussion relating to agency costs and re-capitalization in joint insurance, as well as a specific case are treated in detail.

Original languageEnglish (US)
Pages (from-to)25-33
Number of pages9
JournalInsurance Mathematics and Economics
Volume7
Issue number1
DOIs
StatePublished - 1988

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Insurance
Costs
Dynamical Model
Capitalization

Keywords

  • Capitalization costs
  • Joint insurance

ASJC Scopus subject areas

  • Statistics, Probability and Uncertainty
  • Economics and Econometrics

Cite this

Joint insurance and capitalization costs. / Tapiero, Charles; Jacque, Laurent.

In: Insurance Mathematics and Economics, Vol. 7, No. 1, 1988, p. 25-33.

Research output: Contribution to journalArticle

Tapiero, Charles ; Jacque, Laurent. / Joint insurance and capitalization costs. In: Insurance Mathematics and Economics. 1988 ; Vol. 7, No. 1. pp. 25-33.
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