Ordering of risks in life insurance
type: Item
instance of: scholarly article
title: Ordering of risks in life insurance
zbMATH Open document ID: 0785.62095
DOI: 10.1016/0167-6687(92)90051-C
author: Henk Wolthuis
author: B. M. Kling
published in: Insurance Mathematics \& Economics
publication date: 1993-04-01T00:00:00Z
review text: After restating some results on ordering relations (stochastic and stop- loss order), the paper introduces loss functions for life insurances and derives theorems relating stopp-loss order and monotone loss functions. This approach is applied to generalize some results of the authors [Proc. 24 th Int. Congr. Actuaries, Montreal (1992)] on optimal insurance plans, where optimal is used in the sense of minimal variance of the discounted loss function.
Mathematics Subject Classification ID: 62P05
zbMATH DE Number: 148004
zbMATH Keywords: stochastic order
zbMATH Keywords: ordering relations
zbMATH Keywords: life insurances
zbMATH Keywords: stopp-loss order
zbMATH Keywords: monotone loss functions
zbMATH Keywords: optimal insurance plans
zbMATH Keywords: minimal variance
zbMATH Keywords: discounted loss function
reviewed by: Axel Reich
MaRDI profile type: Publication
cites work: Q3773148
cites work: Q5560797
cites work: Q4023387
cites work: On life table applications of ordering among risks
cites work: Q3214265
cites work: Q3321201
cites work: Some results on optimum premium payment plans
cites work: Ordering of risks and ruin probabilities
cites work: Stochastic models for life contingencies
description: scientific article; zbMATH DE number 148004