Abstract
Since premiums are paid in advance, insurance companies maintain three principal types of reserves: premium reserves, loss reserves and voluntary reserves. This chapter explains the principles and methods of calculating these reserves. It also reviews the guiding principle that underlies the investment of these reserves and the nature of the assets to be included in an insurance portfolio.
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References
Suggestion for Additional Reading
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© 1998 Springer Science+Business Media New York
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Outreville, J.F. (1998). Reserves and Investments. In: Theory and Practice of Insurance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6187-3_13
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DOI: https://doi.org/10.1007/978-1-4615-6187-3_13
Publisher Name: Springer, Boston, MA
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