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 …

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 …

-world insurance context, and therefore may be used to distribute capital (surplus) and premium loadings. Originality/value – The paper …

Purpose – The purpose of this editorial is to study the relationship between the pure risks of insurance and the … there is little reason to anticipate a dramatic convergence of insurance and other financial markets. Originality …/value – The editorial challenges conventional distinctions between insurance and other financial risks, as well as conventional …

-normal (i.e. asymmetric and long-tailed) random variables in the context of both investment and insurance portfolios. The …

Purpose – The purpose of this editorial is to consider the effectiveness of the state-based insurance regulatory system … responsible for its failure to prevent the mortgage-industry crisis from threatening the solvency of at least one major insurance … group. Originality/value – The editorial argues in favor of federal oversight of insurance in the USA. …