Dhaene, Jan; Laeven, R. J. A.; Vanduffel, Steven; … - 2006
-Miller irrelevance theorems, insurance
companies should not be concerned with risk management and capital allocation. In
reality, besides … and management of an insurance company
to avoid holding too little capital. At the same time, it is clear that holding too …-at-Risk-based risk management
caused by not taking into account the shortfall risk and leading to an impetus to go for
gambling …