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Aspects of Decisions in the Field of Insurance

Author

Listed:
  • Diana SOARE (DUMITRESCU)

    (Academia de Studii Economice)

  • Alexandru URSACHE

    (Academia de Studii Economice)

  • Olivia Georgiana NITA

    (Academia de Studii Economice)

Abstract

The objective of this presentation consists in combining theoretical notions relating to insurance, their role in the economy and forms of expression with a practical study on how action in order to adopt the best in this field. Aggregating multiple risks insurance policyholders, insurers can take advantage of the law of large numbers, as long as there is a strong correlation between the different risks insured in insurance policyholders. In this way, insurers can diversify their risk.

Suggested Citation

  • Diana SOARE (DUMITRESCU) & Alexandru URSACHE & Olivia Georgiana NITA, 2015. "Aspects of Decisions in the Field of Insurance," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(10), pages 22-26, October.
    • Handle: RePEc:rsr:supplm:v:63:y:2015:i:10:p:22-26
    as

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    References listed on IDEAS

    as
    1. Susan Athey, 2002. "Monotone Comparative Statics under Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 187-223.
    2. Gollier, Christian & Schlesinger, Harris, 1995. " Second-Best Insurance Contract Design in an Incomplete Market," Scandinavian Journal of Economics, Wiley Blackwell, vol. 97(1), pages 123-135, March.
    Full references (including those not matched with items on IDEAS)

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