Why We Cannot Fully Understand the Variability of the Insurance Portfolio
Why We Cannot Fully Understand the Variability of the Insurance Portfolio
Author(s): Jozef FECENKO, Zuzana Krátka, Katarína SakálováSubject(s): Business Economy / Management, Financial Markets
Published by: Reprograph
Keywords: risk factors; rating variables; tariff variables; pooling of the risks; unobservable moments; variability of portfolio;
Summary/Abstract: Proper risk assessment, its modeling, classification of risk intensity using appropriately selected variables is generally important information for any firm regarding its further economic strategy, but especially for insurance companies. Objective of this paper is to present the issue of variability of risks that have not measurable moments and show that in these types of risks we have limited ability to understand the variability of such risks throughout the portfolio of certain types of risks, as well as in tariff groups.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XII/2017
- Issue No: 51
- Page Range: 1485-1494
- Page Count: 10
- Language: English
