publication . Article . Other literature type . 2011

Application of Actuarial Modelling in Insurance Industry

Burcã Ana-Maria; Bãtrînca Ghiorghe;
Open Access
  • Published: 01 Jan 2011 Journal: Ovidius University Annals, Economic Sciences Series, volume XI, issue 2 May, pages 157-161
Abstract
In insurance industry, the financial stability of insurance companies represents an issue of vital importance. In order to maintain the financial stability and meet minimum regulatory requirements, actuaries apply actuarial modeling. Modeling has been at the center of actuarial science and of all the sciences from the beginning of their journey. In insurance industry, actuarial modeling creates a framework that allows actuaries to identify, understand, quantify and manage a wide range of risks, especially actuarial risks. Actuarial modeling uses as key instruments actuarial models which represent a simplification of a real system, facilitating understanding and ...
Subjects
free text keywords: actuarial science, actuarial modeling, models, financial risk, insurance companies, jel:C58, jel:G22
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Other literature type . 2011
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publication . Article . Other literature type . 2011

Application of Actuarial Modelling in Insurance Industry

Burcã Ana-Maria; Bãtrînca Ghiorghe;