In this paper, we explore actuarial justification for equal or unequal sharing of premiums and benefits between policyholders in a product involving joint lives. The analysis reveals a fundamental difference between endowment and assurance types of products in this regard. In assurance plans,...

As restricted canonical correlation with a nonnegativity condition on the coefficients depend only on the covariance matrix, their sample counterparts can be obtained from the sample covariance matrix. For such estimators, asymptotic normality results are established, and the role of resampling...

One possible way of risk management for an insurance company is to develop an early and appropriate alarm system before the possible ruin. The ruin is defined through the status of the aggregate risk process, which in turn is determined by premium accumulation as well as claim settlement outgo...

One possible way of risk management for an insurance company is to develop an early and appropriate alarm system before the possible ruin. The ruin is de ned through the status of the aggregate risk process, which in turn is determined by premium accumulation as well as claim settlement out-go...

One possible way of risk management for an insurance company is to develop an early and appropriate alarm system before the possible ruin. The ruin is defined through the status of the aggregate risk process, which in turn is determined by premium accumulation as well as claim settlement out-go...