Joint insurance and capitalization costs

Charles S. Tapiero; Laurent Jacque

doi:10.1016/0167-6687(88)90092-3

Joint insurance and capitalization costs

Charles S. Tapiero, Laurent Jacque

Finance and Risk Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

This paper studies the underpinnings of three related issues that arise in joint insurance. These are: capitalization, premium payments and relevance (or irrelevance) of insolvency. Principally, a dynamical model is constructed and investigated in terms of the impact of the policies a joint insurance firm may follow. A discussion relating to agency costs and re-capitalization in joint insurance, as well as a specific case are treated in detail.

Original language	English (US)
Pages (from-to)	25-33
Number of pages	9
Journal	Insurance Mathematics and Economics
Volume	7
Issue number	1
DOIs	https://doi.org/10.1016/0167-6687(88)90092-3
State	Published - Jan 1988

Keywords

Capitalization costs
Joint insurance

ASJC Scopus subject areas

Statistics and Probability
Economics and Econometrics
Statistics, Probability and Uncertainty

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10.1016/0167-6687(88)90092-3

Cite this

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Joint insurance and capitalization costs

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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