Bisignani, Rossella; Masala, Giovanni; Micocci, Marco - In: Economia, Societa', e Istituzioni XVIII (2006) 3
The loss ratio (LR) for insurance companies is defined as the ratio of incurred claims and earned premiums for a specified class of insurance (CoI). The company may estimate then its capital requirement for that particular CoI by using Value at Risk (VaR) or conditional VaR (CVaR) of the loss...
