Advertisement
Published in:
2011 | OriginalPaper | Chapter
Reserves and profits in a life insurance portfolio
Authors : Annamaria Olivieri, Ermanno Pitacco
Published in: Introduction to Insurance Mathematics
Publisher: Springer Berlin Heidelberg
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
When shifting from individual reserves to the portfolio reserve, various specific problems arise, although many basic ideas about the individual reserving process keep their validity.
In particular, as in the individual case, the portfolio reserve can be looked at under two different perspectives:
• an amount which quantifies the expected insurer’s liability for future benefits, net of future premiums;
• assets, provided by the accumulation of (part of) the premiums, facing the liability mentioned above.