publication . Article . 2001

Insurance: Accounting, Regulation, Actuarial Science

Thomas Behar; Michel Fromenteau; Alain Tosetti; Stéphane Ménart;
Open Access
  • Published: 01 Jan 2001 Journal: The Geneva papers on Risk and Insurance, volume 26, issue 2 April, pages 232-251
Abstract
We shall be examining the following topics: (i) basic frameworks for accounting and for statutory insurance rules; and (ii) actuarial principles of insurance; for both life and nonlife (i.e. casualty and property) insurance.Section 1 introduces insurance terminology, regarding what an operation must include in order to be an insurance operation (the legal, statistical, financial or economic aspects), and introduces the accounting and regulation frameworks and the two actuarial models of insurance (life vs non-life) developed in the following sections.Sections 2 and 3 deal with legal or statutory rules of “solvency”, and thus with the situation called “insolvency...
Subjects
free text keywords: Group insurance, Actuary, Insurance policy, Auto insurance risk selection, Insurance law, General insurance, Economics, Accounting, business.industry, business, Statutory reserve, Actuarial science, Casualty insurance
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