the estimation of two fundamental actuarial quantities of property-liability insurance – the expected individual loss … characterizes it as a semi-uncertainty principle. This principle is likely to result in certain economic behaviors by insurance …

focus on numeric-to-verbal translation. Design/methodology/approach – Accounting for loss contingencies (SFAS 5) were chosen …

. Findings – The paper expands on the reasoning introduced by risk management and shows that a stop loss is highly significant …

. Findings – The paper expands on the reasoning introduced by risk management and shows that a stop loss is highly significant …

Purpose – The purpose of this paper is to provide a detailed analysis of industry loss warranties (ILWs), an …, moral hazard, basis risk, counterparty risk, industry loss index, and regulation. Next, the authors present and discuss the … for ILWs are highly sensitive to input parameters, which is important given the high volatility of the underlying loss …

, infinite-mean – insurance losses. Design/methodology/approach – Three specific questions are addressed in turn. First, how do … infinite-mean insurance losses arise in the real world? Second, can infinite-mean losses exist even in the presence of … insurance policy limits (caps)? Third, why are infinite-mean losses so infrequently discussed by practitioners and regulators …

This paper presents a summary of the overall property damage and final insured loss estimates as a result of the World …, infrastructure, and cleanup costs. In addition, the insured loss as a function of property damage is presented, emphasizing the … enormous impact of this event on the U.S. insurance industry. …

, infinite-mean – insurance losses. Design/methodology/approach – Three specific questions are addressed in turn. First, how do … infinite-mean insurance losses arise in the real world? Second, can infinite-mean losses exist even in the presence of … insurance policy limits (caps)? Third, why are infinite-mean losses so infrequently discussed by practitioners and regulators …

insurable. The second is that the quality of insurance products and loss adjustment process needs to be improved. …The aim of this article is to present current theory of business interruption insurance and the possibilities of their …