Abstract
The first part of this chapter deals with the necessity to set aside free reserves and technical provisions. In the second part, the methods of calculation and estimation applied to determine the size of the technical provisions will be examined. The determination of the actual amounts of the free reserves will be discussed within the context of the solvency problems (see Chapters 18 and 19).
Keywords
- Insurance Contract
- Equalisation Provision
- Generally Accepted Accounting Principle
- Loss Reserve
- Technical Provision
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References and recommended reading
Eeghen, J. van (1981) ‘Loss Reserving Methods’, Surveys of Actuarial Studies, No. 1 (Rotterdam: Nationale-Nederlanden, N.V.).
Karten, W. (1980) ‘The New “Schwankungsrückstellung” in Annual Statements of German Insurers — An Application of the Theory of Risk?’, The Geneva Papers on Risk and Insurance, no. 17, June.
Peterson, T.M. (1981) Loss Reserving — Property/Casualty Insurance (London: Ernst & Whinney).
Tarbell, T.F. (1971) Incurred But Not Reported Claim Reserves, Proceedings Casualty Actuarial Society (58) pp. 84–9.
Taylor, G.C. (1985) Loss-Reserving (Amsterdam: North-Holland).
Wit, G.W. de and J. van Eeghen (1984) ‘Rate Making and Society’s Sense of Fairness’, ASTIN Bulletin, vol. 14, no. 2, pp. 151–64.
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© 1990 Stephen Diacon
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de Wit, G.W. (1990). Sources of Funds and Estimation of Reserves. In: Diacon, S. (eds) A Guide to Insurance Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07495-2_15
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DOI: https://doi.org/10.1007/978-1-349-07495-2_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07497-6
Online ISBN: 978-1-349-07495-2
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