information. Design/methodology/approach – Insurance companies collect a variety of information on potential policyholders to … insurance contract to a particular individual or firm) and rating (the calculation of a policyholder's premium level once a … firms will be able to purchase insurance, it is not necessary when the purchase of insurance is required by government. The …

, infinite-mean – insurance losses. Design/methodology/approach – Three specific questions are addressed in turn. First, how do … infinite-mean insurance losses arise in the real world? Second, can infinite-mean losses exist even in the presence of … insurance policy limits (caps)? Third, why are infinite-mean losses so infrequently discussed by practitioners and regulators …

the estimation of two fundamental actuarial quantities of property-liability insurance – the expected individual loss … characterizes it as a semi-uncertainty principle. This principle is likely to result in certain economic behaviors by insurance …

the estimation of two fundamental actuarial quantities of property-liability insurance – the expected individual loss … characterizes it as a semi-uncertainty principle. This principle is likely to result in certain economic behaviors by insurance …

, infinite-mean – insurance losses. Design/methodology/approach – Three specific questions are addressed in turn. First, how do … infinite-mean insurance losses arise in the real world? Second, can infinite-mean losses exist even in the presence of … insurance policy limits (caps)? Third, why are infinite-mean losses so infrequently discussed by practitioners and regulators …