The Pricing of Insurance Contracts by Financial Models and Rationality

  • Winfried Schott
Conference paper


Actuarial risk can be appropriately described as the probability distribution of the costs for the potential claims, and it is a fundamental problem of actuarial science to evaluate a suitable risk premium when the risk shall be insured. As a first way to get a solution for this problem, there is a large number of real-valued functions of the set of probability distributions, the so-called premium principles.


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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Winfried Schott
    • 1
  1. 1.Seminar für Bank- u. VersicherungsbetriebslehreUniversität HamburgHamburg 13Germany

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