Abstract
Basic ideas concerning the risk transfer process and the related construction of a pool of risks are presented in this chapter. More complex issues regarding the management of a pool will be discussed in Chap. 2.
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- 1.
For a mathematical definition of the properties which must be fulfilled by a coherent risk measure, the reader can refer to the following seminal contribution: Artzner P., Delbaen F., Eber J.M., Heath D. (1999), Coherent Measures of Risk, Mathematical Finance. Vol. 9 (3), pp. 203–228.
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Olivieri, A., Pitacco, E. (2015). Risks and Insurance. In: Introduction to Insurance Mathematics. EAA Series. Springer, Cham. https://doi.org/10.1007/978-3-319-21377-4_1
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DOI: https://doi.org/10.1007/978-3-319-21377-4_1
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Online ISBN: 978-3-319-21377-4
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