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- Title
A MANAGERIAL THEORY FOR THE NON-LIFE STOCK COMPANY.
- Authors
Sugars, Edmund G.
- Abstract
The essence of this paper was presented to the 1970 Risk Theory Seminar as ‘A Progress Report on an Investigation Concerned With Relating Chebyshev's Inequality to Insurance Theory’. A first approximation to a comprehensive, yet relatively simple theory of the financial behavior of the non-life stock insurer is presented. The paper models the quantitative relationship between selected administrative policies prescribed by top management and the financial welfare of both policyholders and shareholders. In its capacity as an estimator of the probability of ruin for the combined insurance and investment operation, Chebyshev's inequality may be the key to simplifying the analysis to the point where it may be applied to practical management problems.
- Subjects
INSURANCE companies; INSURANCE policies; POLICYHOLDERS; MANAGEMENT; INSURANCE; CHEBYSHEV approximation
- Publication
Journal of Risk & Insurance, 1972, Vol 39, Issue 2, p245
- ISSN
0022-4367
- Publication type
Article
- DOI
10.2307/251883